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MOT MOC CCC new House Key Collection, Payment ?
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TScawan
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 Jul 5 2022, 03:53 PM, updated 4y ago
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Hello,
this regard new House Key Collection / first day ; apart of TNB , Syabas.. what other money to pay? (might a bit deposit depend on maintenance, house rules, security etc)..
1) was it true that we need to pay MOT , Stamp Duty then ONLY can collect key?
2) lawyer or developer hold up our key until payment of MOT , Stamp Duty made?
3) if NOT collect key yet, house complete, full payment to bank not start? or when will full charge to user?
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digitalz
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Jul 7 2022, 10:55 AM
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QUOTE(cawan @ Jul 5 2022, 03:53 PM) Hello, this regard new House Key Collection / first day ; apart of TNB , Syabas.. what other money to pay? (might a bit deposit depend on maintenance, house rules, security etc).. 1) was it true that we need to pay MOT , Stamp Duty then ONLY can collect key? 2) lawyer or developer hold up our key until payment of MOT , Stamp Duty made? 3) if NOT collect key yet, house complete, full payment to bank not start? or when will full charge to user? MOT should come on a later stage. Not when you collect your key. Your developer will inform you when it is going to the next stage. Also, if more people delay the MOT/perfection (strata title), owners cannot form their JMB/MC. Full payment start after the release of the final loan sum regardless you collect your key or not. You don't collect your key but VP letter issued... that's not the bank's problem. |
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nihility
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Jul 7 2022, 09:51 PM
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QUOTE(cawan @ Jul 5 2022, 03:53 PM) Hello, this regard new House Key Collection / first day ; apart of TNB , Syabas.. what other money to pay? (might a bit deposit depend on maintenance, house rules, security etc).. 1) was it true that we need to pay MOT , Stamp Duty then ONLY can collect key? Depends on type of property. If high rise/strata - it will comes later ( within 2 years ), if individual landed - must pay before vacant possession.2) lawyer or developer hold up our key until payment of MOT , Stamp Duty made? Yes, if landed individual title. 3) if NOT collect key yet, house complete, full payment to bank not start? or when will full charge to user? It will be charged according to Arch”s certificate to bank. Even if you don’t collect key, once the it is certificated 100%, bank will release payment to the developer, you needs to start serving the loans upon notification by bank. |
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hanhanhan
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Jul 8 2022, 02:56 PM
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QUOTE(cawan @ Jul 5 2022, 03:53 PM) Hello, this regard new House Key Collection / first day ; apart of TNB , Syabas.. what other money to pay? (might a bit deposit depend on maintenance, house rules, security etc).. 1) was it true that we need to pay MOT , Stamp Duty then ONLY can collect key? 2) lawyer or developer hold up our key until payment of MOT , Stamp Duty made? 3) if NOT collect key yet, house complete, full payment to bank not start? or when will full charge to user? some new strata project will have title upon VP. check S&P whether is it under HDA or not. lawyer won't hold key. bank instalment start after 1st drawdown made. Eg if it's released by stages, upon the first release u need to start paying. |
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