Your Title was recently issued so you need to do Perfection of Transfer and Perfection of Charge. As it is recently issued the title would be in the name of the Developer. Thus you need to "perfect the title" by registering the title in your name from the Developer's name.

As for the Charge, title needs to be "perfected" also by registering the charge in your financier's name.

Usually for POT, the lawyer would be representing you. But for POC, the solicitor has to obtain a letter of instruction from the financier to allow them to do this process for you. Therefore, they don't actually represent you but they represent the financier. As such, u will be required to sign this letter of acknowledgment of legal representation in respect of the POC - customary practice.



I think you are referring to Charge Annexure. This is necessary as the Charge Annexure is to be annexed with the Form 16A (Charge instrument) used to register the charge in your financier's name on your title (for POC transaction). These documents would then be submitted to the land office for POC registration.

Previously you would have signed a Facilities Agreement, Deed of Assignment by way of security and Power of Attorney. These are loan documentations.

This post has been edited by kruk_kruk_kruk: Jun 2 2020, 09:14 PM