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MOT/MOC vs POT/POC
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missartikha
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Sep 20 2023, 10:03 PM
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New Member
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Hi! I have a question on the MOT because I am still confuse. The image shared was part of the payment schedule in SPA. Is the payment for MOT? Because in the invoice from developer to bank, it stated as “MOT & strata tittle issuance RM xxxx”. So i was wondering if i still need to pay for the MOT amount or the bank has paid and include under loan amount. Anyone can help to advice to clear my doubt? The strata tittle is still yet to be issued and given to me. VP already completed just frw months ago This post has been edited by missartikha: Sep 20 2023, 10:04 PM
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missartikha
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Sep 26 2023, 06:47 PM
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New Member
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QUOTE(hanhanhan @ Sep 26 2023, 06:13 PM) this is under the new HDA (amended in 2018) developer has to get title out before can give VP so one of the condition for developer to claim that stage of payment from your bank is to sign the MOT (developer sign, not you) and send the MOT to the S&P lawyer together with original title. definitely bank loan does not include your MOT amount.Ok thanks! Apparently, the developer has received approval from kpkt on postponement of the strata title issuance until end of the year. But developer now is keeping quiet about strata tittle to us.
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