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 Free or Lease Hold, How important it is ?

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deadalus
post Apr 9 2007, 11:54 PM

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also leasehold will involve a more complicated and lengthy process when you sell your property.

The owner of a leasehold property need to firstly get the consent from the developer. (Then the developer will check whether is there any maintainance fee outstanding. Also a fee of RM 500+ will be charged for the developer consent)

Then with the consent letter, your application will pass to land office. The officer will then check whether the developer has any outstanding quit rent or rates with the local authorities. If there is, your application to change the ownership might be discarded unless the developer settle all the outstanding.

Generally leasehold property is more difficult to sell and troblesome also.

 

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