Hello,

jason1986
suadrif
alchmiya
and
others

All of you still here?

Can sample how to prepare the booking documentation?
What important terms and condition want included in 1 piece of A4 paper and put both signatures there as a proof of booking fee to make sure is serious true buyer?
Thank you.

This post has been edited by yourinfohere: Dec 27 2019, 02:41 PM

Thank you for your reply, but above wrote normally seller ask buyer booking fees and sign booking form first, If not want find agent, need DIY, then seller can bring booking form to lawyer settle all. I think the lawyer will start charge seller fees, but if the buyer want cancel or unable of loan, seller still need pay to lawyer and others, so the booking fees is cover the seller lost and if everything alright this booking fees finally minus total amount, just buyer pay early to seller. Serious true buyer sure able and willing pay it.

I think want consent approval, this want wait long time process, so in this situation still after buyer sign SNP, seller can immediately get money(Bank Draft?) through seller lawyer(I think seller and buyer better separate find different lawyer?), then the house belong buyer, so the seller want move out everything of the house? This is mean after success find buyer, then just 1 week time, after done of SNP and seller received full amount money, seller want make sure ready move out everything of the house?

Normally, lawyer not do change utility bill name such as electric, water.... After sold the house, if the buyer not go to change utility bill name, finally buyer not pay it, this can how? Before or process sell the house, not possible change name to buyer, but after sold the house, seller how can cancel above name, this is mean want buyer responsibility of above bill payment and want make sure the buyer or new owner go to change utility bill name?

Except above, which part want special careful?
Above I not sure and I still consider many situations, hope unknown can tell me. Thank you so much.

Really Thanks for your reply.

If buyer not willing pay booking fees, seller how to ask lawyer start process consent approval -> seller loan -> SNP -> seller received full amount.

Normally, consent will approval but need wait long time at least 9 months.
This is mean seller still can stay everything approx. 6 months till "SNP -> seller received full amount"?
If not approval I think this is seller problems and mean this house not possible sell?
If same area others success sold, how can others do above?

May I question?
The seller before sale one consent house, must have another house? But the seller only one consent house and consider after sold this consent house, rent one room and future don't know.

If above mentioned not problems, then the problems normally come from buyer, no want wait consent approval, unable get load, change the mind....

Require booking fees important to serious true seller.
Seller just consider take 5% booking fees and down payment also need 10%, the true serious buyer sure able and willing payment.

I also don't know wrong or not, but thank you so much.

This post has been edited by yourinfohere: Dec 28 2019, 12:48 AM

I forgot below.

But the utility bill name such as electric, water.... not under the seller name, the seller before also not change name but keeping pay, so this can how? Now, if the seller is sell the house, hope can settle above situation, want make sure buyer will change the owner name. This is mean if sold out, want make sure full transfer without any future problems.
If buyer owe utility bill company, this possible ask and old owner and their relative, but the old owner and their relative not should responsibility of above and don't know above happen, but the buyer owe the debt of utility bill company is possible rolling like snow ball, then the owner and their relative maybe till check CTOS... record, then know above.
So can you give some advise? or opinion of above situation.

Seller really install basic needed, paint, renovation..., before this house not require bill proof, so this RPGT minus renovation fees will hopeless. This is mean only can minus starter house price, agent fees(maybe) and lawyer fees?

Thank you for your help.
Mini Orchard, hope you have a nice day.

Thank you so much, Mini Orchard.

If the process is below
1.)Letter Option to Purchase/Booking Fees (prepare a 2% deposit)
(->Within 14 days purchases must signed S&P.)
2.)Signing S&P Agreement (prepare a 8% deposit)
(->Within 3 months. But if purchaser fail to settle the remaining 90% can allow purchaser more 1 month extension.)
(->But for seller, if fail to get consent or delay, want make a new S&P, this cost seller again and again with new s&P?)
(->Seller need pay the stamp duty and RPGT, but if purchaser fail to settle or seller fail of consent, then seller can get back stamp duty and RPGT? The lawyer fees sure must pay.)

My problems is normally
Freehold - Waiting time min 3 months to get consent
Leasehold - Waiting time min 9 months to get consent

You wrote after "Signing S&P Agreement" can proceed to apply for state consent.
This is mean I unable use "3+1 S&P", so I need require all
a.)Only after get the approval of "state consent", then can start the "3+1 S&P"?
or
b.)I can't use normal "3+1 S&P", so I want change the S&P agreement expiry date within 9 months?
or
c.)Please above which better and others suggestion? Such as, wait 9 months, house price maybe increase...., so want how?

I have other situations.

Scenario 1
If after I death I make a valid will, my executor and trustee and beneficiary is same person.
My beneficiary also wish sell this consent house, no matter above, all my estate still control by my executor and trustee. My executor still need one step, responsibility transfer my estate to my beneficiary. Normally executor have power of "sumpah pentadbiran" oath taken by the executor that he will administer the estate accordingly.

I)May I know, after I death, when petition of probate (normally want wait 6 months to get probate) before or after get the probate, my executor or trustee or beneficiary can like above process sell my consent house?
This is mean my executor or trustee or beneficiary only need pay 5% RPGT?

II)If after my executor and trustee or beneficiary or lawyer go to land office use the probate transfer my consent house to my beneficiary, then my beneficiary only can like above process sell my consent house, but within 3 years need pay 30% RPGT?

Probate have expiry date or not? or before probate want success sell the estate? If I) sure need above 9 months for sell consent house, then only can choice II)?

Scenario 2
I purchase one freehold by cash, 2nd year I can transfer to non family members? No matter transfer still like sell, the RPGT still this formula: valuation of market value - S&P price?
No matter I transfer or sale to non family members then the date count RPGT still want restart again?

Normally, after transfer my freehold house to non family members and I use the renovation bill minus RPGT, so I want sell house, my non family members unable use my renovation bill minus again RPGT.
If after transfer my freehold house to family members with 0% RPGT and I give the renovation bill to my family members, when my family members need sell this freehold house, can use my renovation bill minus RPGT?
The renovation bill can minus RPGT is including lamp plug, water pipe hose, paint.... all about for house usage, also when house lamp damage ask repair... when have receipt proof all can minus RPGT?
After non family members or family members get my house, then renovation again or repair, when want sell house, this new receipt proof can minus RPGT in future?
This keep receipt proof for minus RPGT purpose have expiry date or not?

Scenario 3
When I "Signing S&P Agreement", but still wait "3+1 S&P", may I know the date start count 5 years above is date of "Signing S&P Agreement" or date of "Completion of S&P Agreement"?
If 6 Jan 2020 then after 5 years is after date 6 Jan 2025?

Scenario 4
Some, "Freehold" wrote like below
"Last 4 open title, 3 Bumi Lot"
May I know, if 1 street(mean 1 Lorong) with 10 houses, above wrote like that is mean 3 units is sure Bumi owner, then 4 units is open title to any race? 3 units unknown which race.
When the "open title", the Bumi also can use the Bumi discount then buy the "open title", but this "open title" will auto change to "Bumi lot"?
When the "open title", the Bumi not use the Bumi discount, but when the Bumi purchase then this house will auto change to "Bumi lot"?
When "Bumi Lot" is mean this 1 street(mean 1 Lorong) included "Bumi open title house" and "Non Bumi open title house"?
If Bumi able purchase, then Bumi discount can use many time? This mean if Bumi sell or not sell old house, Bumi can always use the Bumi discount buy the another "open title" many time?

I don't know above correct or not, if I wrong please correct me, if can, please tell me a better way. Thank you for your help. Thank you so much.



This post has been edited by yourinfohere: Dec 28 2019, 02:49 PM

Thank you of your info.

Life time one exemption but max capped 10% or RM10K only.

Another is
Exemption of RPGT, Service Tax from Jan 1, 2019. KUALA LUMPUR (Bernama): The government has agreed to exempt the real property gains tax (RPGT) to individual Malaysian citizens who dispose of their properties at a consideration price of RM200,000 and below.

This post has been edited by yourinfohere: Dec 28 2019, 03:28 PM