i also the first home buyer what means that S&P ,MOT & MOC?
About MOC/MOT
About MOC/MOT
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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, 04:26 PM
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37 posts Joined: Aug 2021 |
QUOTE(ycyyjoanne @ Aug 30 2021, 01:15 AM) S&P = Sale and Purchase Agreement wow tq for explanation 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 |
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