WTA: Joint name with Foreigner
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 Nov 22 2018, 11:49 AM, updated 8y ago
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#1
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Newbie
6 posts Joined: Jan 2013 
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Hi, Me (Malaysian) and my partner (Foreigner) are planning to buy a property (above 1M) in KL. I will loan 50% while my partner will pay the rest. Is there any issue to have joint name in this case (Both name to own a property)? P/S: we are not married yet.
This post has been edited by megalodon: Nov 22 2018, 11:50 AM |
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Nov 25 2018, 11:08 AM
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#2
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Senior Member
1,205 posts Joined: Oct 2006 From: Kuala Lumpur 
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QUOTE(megalodon @ Nov 22 2018, 11:49 AM) Hi, Me (Malaysian) and my partner (Foreigner) are planning to buy a property (above 1M) in KL. I will loan 50% while my partner will pay the rest. Is there any issue to have joint name in this case (Both name to own a property)? P/S: we are not married yet. as long meet the foreigner minimum amount (1mil in KL) doesn't mean that if he only own 50% means only need minimum 500k  still need minimum 1mil for KL properties. |
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Feb 10 2019, 09:01 PM
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#3
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Senior Member
2,210 posts Joined: Jan 2018
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I suggest you marry first before buying property together especially if your partner will also take up a loan. Remember to draw up ownership rights.
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