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 Strata Title

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TShackwire
post Apr 17 2007, 10:22 PM, updated 19y ago

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Can an owner sell out his property the moment he receive the Key to his unit. I have seen many owners selling their property the moment they receive their key.

Is it legal to do that? Many real estate agents are displaying their signages in the property that is not even a year yet or the settlement of strata title to the individual.

i thought gomen discourage people from buying than sell in less than 3 or 5 years property?
TShackwire
post Apr 20 2007, 12:57 PM

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Are you sure that owner can sell the unit without Strata titile approval. Its illegal am i right ?I read somewhere in a book that its illegal leh?
TShackwire
post Apr 20 2007, 10:54 PM

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Why we need to get Developer consent and pay them Processing Fee? Did anybody ask why? We bought the property and we have to ask them whether we can or cannot sell off the property? What kind of LAW is this. what sort of Processing Fee are we talking here? Does it cost so much to prepare simple document? Why RM 500 or 1 percent.. Do we have to pay a limo service to fetch the Director to give a consent signature ?

This post has been edited by hackwire: Apr 20 2007, 10:55 PM
TShackwire
post Apr 22 2007, 10:24 AM

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Is country like Australia or america having the same rules like us? Our law sound so complicated after all.

that's mean we better keep the SPA in a safe deposit box, once lost than trouble will come..


TShackwire
post Nov 21 2007, 12:26 AM

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i dont believe this company when comes to account, they can create a cosmetic account for show only. they even use their own auditor. you better sell your unit now b4 more money is lose later.

they are not in the hurry to do strata title. your weakness is that you all dont have a strong committe yet because all of you were busy making profits. this is the malaysian attitude. everything wait until something happen than regret .

stated in the s&P means you must pay. on the other part, the Housing Board also requires the Developer to apply for strata in 6 months otherwise the can end up in court too. but nobody care mah.. the developer dont worry lo.

This post has been edited by hackwire: Nov 21 2007, 12:30 AM

 

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