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 About MOC/MOT

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PropPowerRanger
post Aug 29 2021, 11:01 PM

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i also the first home buyer what means that S&P ,MOT & MOC?
PropPowerRanger
post Aug 30 2021, 04:26 PM

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QUOTE(ycyyjoanne @ Aug 30 2021, 01:15 AM)
S&P = Sale and Purchase Agreement
MOT = 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 biggrin.gif.
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