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 Why no quit rent bill for 10 years ?

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cherroy
post Nov 17 2017, 03:02 PM

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QUOTE(topearn @ Nov 16 2017, 05:50 PM)
Friend did not change cos he intent to sell, so when he sells, property can transfer direct from Sime UEP to buyer. This will save him the cost to transfer title to his name.
Now the question is - why no quit rent bill ? Or the developer has been paying quit rent for the past 10 years ?
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It is not advisable to do so.

If the developer company winding up afterwards, due to whatever reason, then your friend will have trouble to sell out the house without a title.
cherroy
post Nov 19 2017, 05:42 PM

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QUOTE(topearn @ Nov 17 2017, 08:27 PM)
We can only depend on big and strong Sime UEP, right ?
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Company can come and go or company can be restructured, wind up, changing hand or even become dormant due to corporate activities.

So don't take for granted.
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