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Freehold but need consent from state authorities
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Dagashi
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 Feb 7 2013, 06:56 PM
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you can check if its a non-bumi lot. Don't just trust the owner. Check the title. It should state if it is bumi lot or not. If it's non-bumi lot. you can ask your lawyer to do it.
To obtain state consent takes about mebbe 1-3 months. Sometimes longer depending on the documentation needed. Get a lawyer that has done it before or a reputable conveyancing lawyer.
Processing for Selangor state is not too long. you may be lucky and get it quickly. Just don't expect it to be fast. If it is .. it's a bonus.
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Dagashi
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Feb 8 2013, 09:52 AM
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QUOTE(UFO-ET @ Feb 7 2013, 08:33 PM) It is regardless Bumi or Non Bumi lot, for leasehold property which require state consent, if 1st owner is non-bumi, 2nd owner is Bumi, then he will hv difficulty to sell to non-Bumi. Rule of thumb : For leasehold property - if owner is Bumi, then better stay away For freehold property - if owner is Bumi, can try, need longer time he said it's free hold. There are freehold properties that require state consent as well. Not necessary that freehold doesn't require state consent. It's just some additional forms to fill in. If non-bumi lot. there shouldn't have any problems transferring. Just additional step to obtain approvals. Most cases approvals are given. |
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