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Subsale Condo - Consent
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corleone74
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Oct 30 2014, 06:19 PM
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QUOTE(takeshi_79 @ Oct 30 2014, 04:22 PM) Seems like currently it's under Master title, but they're in progress to split it to individual. so, the flow should be: 1) Developer to provide consent of transfer to land office 2) land office to provide state consent 3) then we could only proceed Consent to charge (for bank to release the money) Right? please correct me if i'm wrong.. big thanks.. i not very expert but yahp more or less like that. actually your lawyer should be the expert. (don't rely too much on agent). i believe after (2) and before (3) the current buyer (ie seller) must discharge the property from his bank, too. also your step (1) i not sure whether devloper need to give consent to land office, i thought it's just the master ttle holders' (ie developer) consent to replace the original named buyer in the S&P ie basically consent to allow re-assignment of right tto purchase in the original S*P from original buyer to you. This post has been edited by corleone74: Oct 30 2014, 06:24 PM
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champu
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Oct 30 2014, 07:14 PM
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QUOTE(takeshi_79 @ Oct 30 2014, 04:59 PM) Me and the seller engaged different lawyer, it's not recommended by the agent. Looks like this is the best way so that I could sort out all the problems and get the house. it's just frustrating and feel helpless where my lawyer and agent giving different answer when I queried. How you get the contact of the seller? Agency: The One Property International Thanks. I found out thru my lawyer. I gave up asking the agent even after threatening to pull out from the deal.
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M_Shahrul
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Dec 14 2023, 03:37 PM
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QUOTE(champu @ Oct 30 2014, 04:10 PM) [email=takeshi_79]takeshi_79[/email] this. I suspect the title is still under master title, this is something you need to verify with the current owner. Chances are, this is the one currently delaying the process. Don't believe everything your agent says. At this stage, it's best to deal directly with the owner and their lawyer. I went thru a lot of frustration having to deal with the agent as the middle-man for the first 6 months, until I got fed up and decided to deal direct with the owner. Only then did I realize a lot of miscomm was given by the agent to both parties. Which agency/lawyer are you going with? are they experienced or recommended by your agents? This is what frustrates me too. I am facing long wait for the Blanket Consent (I have no idea what is this) from the MOT lawyer too... Terrace house, leased hold though. Not a condo or strata.
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M_Shahrul
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Dec 14 2023, 03:39 PM
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Aaaannnnddd how the f***k on earth just for title transfer alone could take six months???!!
It's killing me!!! Is it normal for the lawyer do it this way, taking months and months? Bloody hell.
I am dealing with both bank lawyer and my housing lawyer.
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jrshow
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Dec 14 2023, 04:14 PM
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QUOTE(champu @ Oct 30 2014, 03:04 PM) It's common for this to happen especially when it's involved with leasehold prop, heck my freehold property in BJ also needs longer than that to get the consent. Even though the title states freehold but still need state approval. I'm assuming you are using different lawyers? That should mean approx 1-2 months wasted for your lawyer to ding dong with the other lawyer. Btw, has the developer released the title to your previous owners? Best is to get your current lawyer to arrange a meeting with their lawyer with both party present and thrash out the details. freehold need consent?i dont think so,kene scam?
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Aldo-Kirosu
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Dec 14 2023, 10:19 PM
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QUOTE(jrshow @ Dec 14 2023, 04:14 PM) freehold need consent?i dont think so,kene scam? Unfortunelty, Seremban area, Cyberjaya area, metaprolitan kl and bukit jalil area, a lot of freehold land have restriction of transfer. Because it's previously leasehold land transfer to freehold that why needed consent for transfer.
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jrshow
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Dec 15 2023, 09:02 AM
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QUOTE(Aldo-Kirosu @ Dec 14 2023, 10:19 PM) Unfortunelty, Seremban area, Cyberjaya area, metaprolitan kl and bukit jalil area, a lot of freehold land have restriction of transfer. Because it's previously leasehold land transfer to freehold that why needed consent for transfer. as i know once transfer to freehold should be no more consent...freehold means 999 years u have the authority to own the land...what for need the consent just for transfering the ownership?if transfer to different title thats make sense abit but transfer ownship why still need it..
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Aldo-Kirosu
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Dec 15 2023, 10:13 AM
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QUOTE(jrshow @ Dec 15 2023, 09:02 AM) as i know once transfer to freehold should be no more consent...freehold means 999 years u have the authority to own the land...what for need the consent just for transfering the ownership?if transfer to different title thats make sense abit but transfer ownship why still need it.. Consent if a tools to control transfer ownership included limited foreigners purchaser, bumi lot quota protection, etc etc. So even transfer to freehold the consent still maintain must have their reasons.
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jrshow
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Dec 15 2023, 11:12 AM
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QUOTE(Aldo-Kirosu @ Dec 15 2023, 10:13 AM) Consent if a tools to control transfer ownership included limited foreigners purchaser, bumi lot quota protection, etc etc. So even transfer to freehold the consent still maintain must have their reasons. ic, if the consent of limited foreigners to purchase i believe not just certain part of freehold apply this, i beleive whole malaysia is applying this rules..
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