Ideally, bidders should have peace talk among themselves. They need not kill each other, but negotiate for a deal. This way, all bidders untung.

Settle before the bid. Make it a win win.

Its about capital appreciation... not rental, u can nvr get rich by rental

No le. Banglore lot. Ecora hills.Kulai. 519k for 4500k sqf. I know phase 1 developer selling at 880k. This is phase 7. Last unit. Consider clear stock.

you mean to say all of the companies fraud the financial statement and have been doing that for ages consistently and auditors and bursa passed their financial statement?

loan interest is likely on upward trend...

so if the loan amt is huge like RM1mil, incremental of monthly installment could be significant.

If what you say is true then we should see the same unit coming back again sometime later, right ?

there is no requirement for bid rumawip? for example first time home buyer only

Anybody has tried the "friendly" way, eg giving the ex-owner a sum of 5k or something for him to quit, or find him a new rental location and pay him his initial deposit+first month rental ?

Would it work or would it make thing worse (he might ask for more ) ?

May I know what is the legal method that one can take after the 6 months? Sorry if i misunderstood

Wah I want to be your tenant and then buat-buat tak mahu pindah leh...
Some illegal ways include cutting water electricity or change padlocks. Although I knew some who went on to do more extreme ways, I never recommend any illegal steps though

I am not suggesting you do it to the tenant. Tenant, if any, should still be bound by lease tenancy agreement.

I am talking about evicting the former owner. If you waste 6 months plus lawyers fees and what not, it is more than 5k.

We know the former owner has no right. But if you do the properly legal way, you would lose more time and money.

Here my presumption is people want to do the proper legal way, and this an alternative.

If people want to do the underworld and illegal ways, of course it will appear very funny to some more give money for the former owner to go away.

And we should treat the tenant and former owner differently.

The tenant is likely still having a ongoing lease. We should honour until it is finished.

But the former owner is someone bankrupt or about to bankrupt. You don't to corner a dog and drive it to jump the wall.

Let's say once successfully bid and transfer title, can we proceed to tnb to change the account name then request to cancel the electricity? Technically the title and tnb account is under my name.

Hence the alien residing inside considered as break in and tress passing. Any comments this way?

I think the bold is taken too literally and thus, out of context.

BEANCOUNTER's reply was made against someone coming out of the idea of immediately wanting to cut the electricity supply upon having the title under his name.

So there are other conditions not fully spelt out in the bold.

In the first place, landlord cutting supply is not the same as utility companies cutting supply.

Do we as landlord already know exactly what conditions must be met first before cutting the supply, knowing there is someone in the house ?

In conclusion as mention above, some service apartment imposing this strict method. Yes they are the utility company in this context here as water is under their control.

Outstanding bill/ notice of course being issued out to all units as usual.
Yes units still with occupants residing inside.
Warning of water disconnect and access card barring on XX date will be posted in the lift / notice board.

So yes to your question. Water will be cut even with ppl inside.
Usually reconnection /reactivate will be charged as well.
Some if rented out their units. Tenant pay water bill promptly but still water will be cut coz the landlord didnt settle the maintenance fees.

However didnt heard of any cases that any management got sue by doing that yet.

The laws concerning the cutting of utilities are different for these entities :-

(A) utility companies, (B) strata management, © landlord.

According to this article, it is illegal for condo management to cut water for not paying maintenance fees.

https://www.google.com/amp/s/www.nst.com.my/node/414218/amp

Joint Management Body can't cut water supply of defaulters

Act 757 simply does not have the power.

But the author doesn't appear to be a lawyer.

That's why my example is true genuine few service apartment practising cutting access of water and barring access card of residents. Yes ppl still staying inside.

So far no case being sued towards the management by doing that.