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About MOC/MOT
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ycyyjoanne P
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 Aug 28 2021, 06:52 PM
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New Member
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QUOTE(pizzamilk @ Aug 28 2021, 02:37 PM) I know the price of MOT is around RM10k+ right? But I don't know the rough price for MOC, anyone knows that? do you mean the stamp duty for MOT? 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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ycyyjoanne P
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Aug 30 2021, 01:15 AM
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New Member
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QUOTE(PropPowerRanger @ Aug 29 2021, 11:01 PM) i also the first home buyer what means that S&P ,MOT & MOC? 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  . |
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ycyyjoanne P
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Sep 20 2021, 04:27 PM
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New Member
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QUOTE(myself2017 @ Sep 20 2021, 11:03 AM) Was looking answer to this as well. Anyone have any idea? Thanks There isn't a specific timeline per say. It is advisable to be done soonest possible as you wouldn't know when the developer will close down. If the developer were to close down it will be a hassle. |
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