Hi everyone...May i know as a first home buyer who purchase new project, do i entitle to 100% or 50% waive the MOT? Cause some agent told me yes, some told me no because it oly applicable to subsale house
About MOC/MOT
About MOC/MOT
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Jun 28 2020, 09:15 PM
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#201
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Probation
26 posts Joined: Dec 2019 |
Hi everyone...May i know as a first home buyer who purchase new project, do i entitle to 100% or 50% waive the MOT? Cause some agent told me yes, some told me no because it oly applicable to subsale house
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Jun 29 2020, 05:12 PM
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#202
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Junior Member
129 posts Joined: Jun 2020 |
QUOTE(DannyLoh89 @ Jun 28 2020, 09:15 PM) Hi everyone...May i know as a first home buyer who purchase new project, do i entitle to 100% or 50% waive the MOT? Cause some agent told me yes, some told me no because it oly applicable to subsale house Hi Danny, it depends on whether the developer applied to the government to waive for MOT. So some new projects would require you to pay and some will not. Drop me a pm if you have further questions |
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Sep 13 2020, 07:47 PM
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Junior Member
80 posts Joined: Dec 2012 |
Hi all, can someone guide me on the MOT charges.I am first home buyer and SNP signed on 2015.Recently just received letter from law firm regarding the MOT (the law firm is not the one deal with me during signing the snp)
Below are the charges, please advise if this is reasonable. TIA SPA price RM390k legal fee: RM1,950 (after 50% off) Stamp duty of MOT : RM6,800 Registration of transfer: RM1,500 MISC expenses : Rm100 Courier,postage,telephone and fax : Rm150 Printing and transport expenses : RM200 Total : RM10,700.00 and do i entitled for any stamp duty rebate since i am first time home buyer? |
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Sep 21 2020, 08:17 AM
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Senior Member
1,552 posts Joined: Sep 2010 From: Grand Line |
hi, what is the deadline to pay this MOT/MOC?
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Mar 2 2021, 11:14 PM
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#205
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Newbie
5 posts Joined: Jul 2011 |
Hi all, may I know for MOT/MOC, must we go through the law firm set by the developer? Can we find our own lawyer to handle it? If is it possible, will there normally be any extra charges to switch to own lawyer?
For your information, this is for newly completed apartment which had gotten strata title and ready for MOT. Hope someone can assist on this. Thank you. |
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Mar 3 2021, 11:21 AM
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#206
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Senior Member
1,274 posts Joined: Apr 2009 From: Cheras |
QUOTE(JEJEJEJE @ Mar 2 2021, 11:14 PM) Hi all, may I know for MOT/MOC, must we go through the law firm set by the developer? Can we find our own lawyer to handle it? If is it possible, will there normally be any extra charges to switch to own lawyer? I paid for my MOT 1 year+ ago and I rmb some of the residence were asking the same question, and a few actually went and gotten a quotation with another lawyer to handle the MOT matter.For your information, this is for newly completed apartment which had gotten strata title and ready for MOT. Hope someone can assist on this. Thank you. As far as I rmb, it was more costly and time consuming as the new lawyer will need to get all the docs/info from the dev appointed lawyer and it ended up costing more... |
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Mar 3 2021, 07:41 PM
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Senior Member
2,030 posts Joined: Oct 2011 |
QUOTE(JEJEJEJE @ Mar 2 2021, 11:14 PM) Hi all, may I know for MOT/MOC, must we go through the law firm set by the developer? Can we find our own lawyer to handle it? If is it possible, will there normally be any extra charges to switch to own lawyer? Certain developers cover the MOT fees etc for you. Some will tell the lawyers to give you some discounts etc. Own lawyer is good but for the sake of convenience, some people just rely on the developer's lawyersFor your information, this is for newly completed apartment which had gotten strata title and ready for MOT. Hope someone can assist on this. Thank you. |
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Mar 7 2021, 09:40 PM
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Junior Member
523 posts Joined: Nov 2012 |
QUOTE(digitalz @ Mar 3 2021, 07:41 PM) Certain developers cover the MOT fees etc for you. Some will tell the lawyers to give you some discounts etc. Own lawyer is good but for the sake of convenience, some people just rely on the developer's lawyers Not really an issue regarding MOT but it's on parcel rent.I'd like to seek for your advice on my situation: I am in the midst of processing MOT with developer (after strata title was issued) and when I checked my outstanding parcel rent, I was surprised with the parcel rent late payment charged by land office. I further checked to the system and note that the registered ownership is still under the name of the developer - my understanding is because they're the one applying for the strate title to be issued hence it made sense for the ownership to be registered under their name, right? So technically the land office will send the bill of parcel rent to them, and not myself, which explains why i am not getting the bill, hence not aware of the parcel rent that needs to be paid. What i was furious is that the developer never forwarded or notify me on the said bill, and the land office has charged us the late payment interest. I tried to seek clarification with developer on this, but their attitude is the worst i have seen tbh. Worst thing is the person in charge did not even know what is parcel rent and i have to explain to her LOL .... so my question is, I do have a right to get the developer to bear the late payment interest charges, right? While I can definitely pay for it my ownself, but then after being treated by the developer in a rude manner, I decided to hold them accountable for this.... Appreciate any advice on my situation here, thanks. |
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Mar 8 2021, 04:32 PM
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#209
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Senior Member
2,030 posts Joined: Oct 2011 |
QUOTE(ziling60 @ Mar 7 2021, 09:40 PM) Not really an issue regarding MOT but it's on parcel rent. Well, you can claim from them all you want. Check with the tribunal if this falls under their jurisdiction. I'd like to seek for your advice on my situation: I am in the midst of processing MOT with developer (after strata title was issued) and when I checked my outstanding parcel rent, I was surprised with the parcel rent late payment charged by land office. I further checked to the system and note that the registered ownership is still under the name of the developer - my understanding is because they're the one applying for the strate title to be issued hence it made sense for the ownership to be registered under their name, right? So technically the land office will send the bill of parcel rent to them, and not myself, which explains why i am not getting the bill, hence not aware of the parcel rent that needs to be paid. What i was furious is that the developer never forwarded or notify me on the said bill, and the land office has charged us the late payment interest. I tried to seek clarification with developer on this, but their attitude is the worst i have seen tbh. Worst thing is the person in charge did not even know what is parcel rent and i have to explain to her LOL .... so my question is, I do have a right to get the developer to bear the late payment interest charges, right? While I can definitely pay for it my ownself, but then after being treated by the developer in a rude manner, I decided to hold them accountable for this.... Appreciate any advice on my situation here, thanks. I've not seen anyone claim for this yet (refunds of late payment interest etc.. yes but this type of dispute, no). No personal experience on your situation personally. Worse come to worse, make the payment yourself if the amount is not too big. Then file complaints at kpkt with the relevant paperworks/emails. |
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Apr 4 2021, 01:13 AM
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Junior Member
672 posts Joined: Sep 2011 |
QUOTE(amel036yippee @ Feb 25 2016, 11:59 AM) Hi, I have few questions about MOT: If your house is under HOC, than MOT is 100% free !!!!!1. Is there any specific period to settle the MOT payment? 2. For first house buyers, is it true that there is 50% discount for the MOT stamp duty amount? 3. If no. 2 is true, how to claim/clarify the 50% discount with lawyers who had given a quotation without it? 4. For shared buyers, lets say 2 names.... if one of them already bought a house, does the discount still applicable to the other ? Hopefully someone can give answers. Really appreciate it. |
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Aug 8 2021, 11:58 PM
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Junior Member
199 posts Joined: Feb 2020 |
QUOTE(digitalz @ Mar 3 2021, 07:41 PM) Certain developers cover the MOT fees etc for you. Some will tell the lawyers to give you some discounts etc. Own lawyer is good but for the sake of convenience, some people just rely on the developer's lawyers Sorry, allow me to jump in.I think those mainly purchased residential houses in 2016/2017, they will properly get the house in end of 2019/2020 (due to the delay of Covid 19 impact). After get the key (VP) in 2020, now is almost the time to get notification of MOT. Now my scenario a bit different and would like to share with all. I noted there were some buyers whom purchase the house 1st time and entitled for 50 % discount. Since this is not my 1st house and have to settle the MOT. ** Remark: Latest information as under the budget 2020, government had given 100 % exemption of MOT for those 1st home buyers within 2020 to 2025 My lawyer send me some quotation of MOT. Actually it called POT (Pefection of Transfer) and POC (Perfection of Charge) Generally speaking, POT is regarding those lawyer fee, and POC is for those still under loan. https://www.propertyguru.com.my/property-gu...of-charge-24378 Just hope it help. |
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Aug 11 2021, 02:40 PM
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Senior Member
2,030 posts Joined: Oct 2011 |
QUOTE(babygrand123 @ Apr 4 2021, 01:13 AM) Not really. It's up till RM1m (or whichever is stated in the HOC - Can't remember if all HOCs are the same) This post has been edited by digitalz: Aug 11 2021, 02:41 PM |
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Aug 17 2021, 06:06 PM
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Junior Member
173 posts Joined: Sep 2006 |
Just curious, if I were to buy a subsale property which is still under master title, during the SnP signing, i will have to pay the MOT right?
When the strata is ready, do I need to pay MOT again for the strata? Does this mean paying the MOT twice? This post has been edited by theproblemkid: Aug 17 2021, 06:06 PM |
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Aug 17 2021, 07:03 PM
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#214
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All Stars
14,511 posts Joined: Sep 2017 |
QUOTE(theproblemkid @ Aug 17 2021, 06:06 PM) Just curious, if I were to buy a subsale property which is still under master title, during the SnP signing, i will have to pay the MOT right? Pay once.When the strata is ready, do I need to pay MOT again for the strata? Does this mean paying the MOT twice? |
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Aug 19 2021, 09:24 AM
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Junior Member
173 posts Joined: Sep 2006 |
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Aug 28 2021, 02:37 PM
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Junior Member
63 posts Joined: Aug 2021 |
I know the price of MOT is around RM10k+ right?
But I don't know the rough price for MOC, anyone knows that? |
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Aug 28 2021, 06:52 PM
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#217
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Probation
19 posts Joined: Aug 2021 |
QUOTE(pizzamilk @ Aug 28 2021, 02:37 PM) I know the price of MOT is around RM10k+ right? do you mean the stamp duty for MOT?But I don't know the rough price for MOC, anyone knows that? stamp duty is calculated based on your SPA price. While MOC will be minimal as in RM10 each for stamping of the charge annexure + registration fees of RM120 with the land office. since stamp duty has been paid upon stamping the principal loan documents when lawyer advised bank for release. |
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Aug 28 2021, 07:30 PM
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#218
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All Stars
14,511 posts Joined: Sep 2017 |
QUOTE(ycyyjoanne @ Aug 28 2021, 06:52 PM) do you mean the stamp duty for MOT? I think the post is refering to stamp duty on principal loan agreement .... which RM5 per RM1,000 or 0.5% of loan sum.stamp duty is calculated based on your SPA price. While MOC will be minimal as in RM10 each for stamping of the charge annexure + registration fees of RM120 with the land office. since stamp duty has been paid upon stamping the principal loan documents when lawyer advised bank for release. This post has been edited by mini orchard: Aug 28 2021, 07:35 PM |
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Aug 29 2021, 11:01 PM
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Junior Member
37 posts Joined: Aug 2021 |
i also the first home buyer what means that S&P ,MOT & MOC?
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Aug 30 2021, 01:15 AM
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#220
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Probation
19 posts Joined: Aug 2021 |
QUOTE(PropPowerRanger @ Aug 29 2021, 11:01 PM) S&P = Sale and Purchase AgreementMOT = Memorandum of Transfer. Its an instrument of transfer to register the purchaser as the new owner in the title. MOC = Memorandum of Charge. Its a charge instrument created in favour of the bank against your property as a security for the loan provided. MOT & MOC is applicable for property with title. Hope it helps PropPowerRanger and Win Win Inspiration liked this post
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