QUOTE(diversity @ Apr 1 2016, 04:28 PM)
Hi all,
Bought my first property on Dec-15. Currently at final stages of name transferring. Just wanna know - what kind of documents will I receive (i.e proof of ownership etc) after name transfer is done?
Thankiu all
Bought my first property on Dec-15. Currently at final stages of name transferring. Just wanna know - what kind of documents will I receive (i.e proof of ownership etc) after name transfer is done?
Thankiu all
QUOTE(diversity @ Apr 2 2016, 05:54 PM)
I mean after transfer done by lawyer. What will they give me for my own proof of ownership? Land title / geran etc??
Congratulations on your purchase!Anyway, depending on the status of the property (eg. if individual title has been issued), you'll be receiving different documents proving ownership.
If the individual title has been issued then amongst all things, the most important is the original Geran Tanah and then stamped original Sale and Purchase Agreement. However, if not then you'll get the stamped original Sale and Purchase Agreement and the stamped Deed of Assignment.
The aforesaid is only true if you're paying for the property by cash but if you are obtaining a banking facility that original documents will be kept by your financier as security. You'll just received a stamped copy of same for record and safekeeping but they will be returned to you once you have fully settled your loan.
Apr 5 2016, 09:29 AM

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