i intend to sell my condo.
i havent find and pay d lawyer to obtain my strata title yet.
is strata title important if wan sell d condo?
strata title important if want sell ?
strata title important if want sell ?
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Aug 10 2025, 10:37 AM, updated 5 months ago
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#1
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3,282 posts Joined: Sep 2005 |
i intend to sell my condo.
i havent find and pay d lawyer to obtain my strata title yet. is strata title important if wan sell d condo? |
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Aug 10 2025, 10:42 AM
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Yes. If it's out already you'll need to claim it first before selling
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Aug 10 2025, 10:46 AM
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#3
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QUOTE(Irresistible @ Aug 10 2025, 10:37 AM) i intend to sell my condo. Some developers allow direct transfer and some do not, you may be also charged admin fees from the transfer depending on your developeri havent find and pay d lawyer to obtain my strata title yet. is strata title important if wan sell d condo? butthead76 liked this post
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Aug 10 2025, 11:28 AM
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QUOTE(Irresistible @ Aug 10 2025, 10:37 AM) i intend to sell my condo. Strata title is similar to car reg card. If is out, then seller have to give it to buyer to effect transfer.i havent find and pay d lawyer to obtain my strata title yet. is strata title important if wan sell d condo? Since you have not done the transfer to your name, the selling process will take longer to complete. This post has been edited by mini orchard: Aug 10 2025, 11:31 AM butthead76 liked this post
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Aug 10 2025, 11:41 AM
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#5
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My title was out but very expensive to transfer, so I arrange with buyer to get themselves, so they will be shown as first buyer. Also add incentive give a bit of discount on selling price, so buyer was OK. Only takes longer to get more agencies to approve the sale, otherwise no problem.
Most important get a reputable lawyers on both sides. My good friend lost 300k because lawyer office manager lari with the money. It was a branch of the main firm, the main firm lawyers refused to take responsibility and close down the branch. My friend now stuck repaying bank loan. I and my wife had many unpleasant encounters with lawyers, even a friend was a lawyer and disappeared after borrowing money (I actually paid his legal insurance, he was supposed to pay back). I now use a lady lawyer, very efficient, very happy with her service. |
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Aug 10 2025, 12:40 PM
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QUOTE(knight_hawk @ Aug 10 2025, 11:41 AM) Most important get a reputable lawyers on both sides. My good friend lost 300k because lawyer office manager lari with the money. It was a branch of the main firm, the main firm lawyers refused to take responsibility and close down the branch. My friend now stuck repaying bank loan. Every lawyer will have indemnity insurance to cover for malpractice. butthead76 and KenM liked this post
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Aug 10 2025, 03:05 PM
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#7
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I thought the house title need to be your name only you can sell no?
so must do strata before selling |
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Aug 10 2025, 03:34 PM
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#8
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QUOTE(mini orchard @ Aug 10 2025, 12:40 PM) Why didn't lodge a report to bar council ? Not sure, currently suing the lawyers so have to wait a few years to see how it turns out. Also need to pay another lawyer to pursue the case.Lodged already, but have to wait for action, if any. Every lawyer will have indemnity insurance to cover for malpractice. |
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Aug 10 2025, 05:03 PM
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#9
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QUOTE(knight_hawk @ Aug 10 2025, 03:34 PM) Not sure, currently suing the lawyers so have to wait a few years to see how it turns out. Also need to pay another lawyer to pursue the case. Lawyers are too smart to be sued. They know all the loopholes. Better to pursue the bar council. butthead76 liked this post
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Aug 10 2025, 06:37 PM
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2,553 posts Joined: Feb 2016 |
QUOTE(Irresistible @ Aug 10 2025, 11:37 AM) i intend to sell my condo. no problem, can do with snp one go.i havent find and pay d lawyer to obtain my strata title yet. is strata title important if wan sell d condo? butthead76 liked this post
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Aug 10 2025, 06:37 PM
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QUOTE(knight_hawk @ Aug 10 2025, 12:41 PM) My title was out but very expensive to transfer, so I arrange with buyer to get themselves, so they will be shown as first buyer. Also add incentive give a bit of discount on selling price, so buyer was OK. Only takes longer to get more agencies to approve the sale, otherwise no problem. always transfer to company account, not individual account. Most important get a reputable lawyers on both sides. My good friend lost 300k because lawyer office manager lari with the money. It was a branch of the main firm, the main firm lawyers refused to take responsibility and close down the branch. My friend now stuck repaying bank loan. I and my wife had many unpleasant encounters with lawyers, even a friend was a lawyer and disappeared after borrowing money (I actually paid his legal insurance, he was supposed to pay back). I now use a lady lawyer, very efficient, very happy with her service. butthead76 liked this post
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Aug 10 2025, 07:38 PM
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1,099 posts Joined: Dec 2016 |
yes
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Aug 10 2025, 11:04 PM
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#13
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48,551 posts Joined: Sep 2014 From: REality |
QUOTE(knight_hawk @ Aug 10 2025, 11:41 AM) My title was out but very expensive to transfer, so I arrange with buyer to get themselves, so they will be shown as first buyer. Also add incentive give a bit of discount on selling price, so buyer was OK. Only takes longer to get more agencies to approve the sale, otherwise no problem. Paid to individual account @ lawyer name or the law firm account (branch)??Most important get a reputable lawyers on both sides. My good friend lost 300k because lawyer office manager lari with the money. It was a branch of the main firm, the main firm lawyers refused to take responsibility and close down the branch. My friend now stuck repaying bank loan. I and my wife had many unpleasant encounters with lawyers, even a friend was a lawyer and disappeared after borrowing money (I actually paid his legal insurance, he was supposed to pay back). I now use a lady lawyer, very efficient, very happy with her service. |
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Aug 11 2025, 06:46 AM
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QUOTE(ahkit123 @ Aug 10 2025, 06:37 PM) QUOTE(nexona88 @ Aug 10 2025, 11:04 PM) From what was written, the money came from the bank as stakeholder. Since he didn't received the money aka borrower, unfortunately have to repay the loan.This post has been edited by mini orchard: Aug 11 2025, 07:57 AM |
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Aug 11 2025, 07:49 AM
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In Malaysia, stamp duty for strata title transfers is calculated based on the property's purchase price, with tiered rates. For the first RM100,000, the rate is 1%. The next RM400,000 is taxed at 2%, the following RM500,000 at 3%, and anything above RM1,000,000 is taxed at 4%, according to Maybank2u. These rates apply to the Memorandum of Transfer (MOT), which is the document used to transfer property ownership.
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Aug 11 2025, 12:36 PM
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QUOTE(knight_hawk @ Aug 10 2025, 03:34 PM) Not sure, currently suing the lawyers so have to wait a few years to see how it turns out. Also need to pay another lawyer to pursue the case. This is correct procedure. You will need to establish that the law firm is guilty in court before the insurance will pay out OR your lawyer negotiate direct with insurance lawyer and insurance agreed to pay.But in general no need to wait for strata to sell. However when strata is issued, there is a good chance property value will go up because banks like to lend for properties with strata. |
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Aug 11 2025, 01:23 PM
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QUOTE(PAChamp @ Aug 11 2025, 12:36 PM) This is correct procedure. You will need to establish that the law firm is guilty in court before the insurance will pay out OR your lawyer negotiate direct with insurance lawyer and insurance agreed to pay. As a stakeholder, if the lawyer don't release the money to his client after the completion of the case, isn't that guilty ?But in general no need to wait for strata to sell. However when strata is issued, there is a good chance property value will go up because banks like to lend for properties with strata. If what you said is correct, then every lawyers will wait for their clients to sue first. 😅 Then who dare to engage a lawyer to sell properties ? This post has been edited by mini orchard: Aug 11 2025, 01:27 PM |
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Aug 11 2025, 08:57 PM
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QUOTE(mini orchard @ Aug 11 2025, 01:23 PM) As a stakeholder, if the lawyer don't release the money to his client after the completion of the case, isn't that guilty ? If lawyer is good, OK. I sold 2 properties, both use same lawyer and no prob. Fast and easy.If what you said is correct, then every lawyers will wait for their clients to sue first. 😅 Then who dare to engage a lawyer to sell properties ? Jingle91 liked this post
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Aug 11 2025, 09:15 PM
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14,511 posts Joined: Sep 2017 |
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Aug 12 2025, 09:56 PM
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Aug 13 2025, 08:45 AM
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I bought subsale properties without strata titles before. Lawyer used Deed of Assignment together with SPA. I think MOT duty was deducted when transaction took place.
This post has been edited by funniman: Aug 13 2025, 09:16 AM |
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Aug 13 2025, 10:08 AM
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Aug 13 2025, 12:17 PM
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QUOTE(mini orchard @ Aug 11 2025, 01:23 PM) As a stakeholder, if the lawyer don't release the money to his client after the completion of the case, isn't that guilty ? If you don't engage lawyer, it is far far worse. I am talking about insurance. It's not easy to get money from insurance, especially one not bought by you. There are avenues - complain to Bar Council and/or go to court. Of course if the law firm admits guilt, then the other partners will have to pay back bit if they don't want, you will have to take action and submit a claim to the indemnity insurance. If insurance thinks they can win, they will hire lawyer to fight you. But if chances are they will lose, they will negotiate. If they fight and lose, they will pay full sum. That's how i think the system works.If what you said is correct, then every lawyers will wait for their clients to sue first. 😅 Then who dare to engage a lawyer to sell properties ? |
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Aug 13 2025, 02:28 PM
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QUOTE(PAChamp @ Aug 13 2025, 12:17 PM) If you don't engage lawyer, it is far far worse. I am talking about insurance. It's not easy to get money from insurance, especially one not bought by you. There are avenues - complain to Bar Council and/or go to court. Of course if the law firm admits guilt, then the other partners will have to pay back bit if they don't want, you will have to take action and submit a claim to the indemnity insurance. If insurance thinks they can win, they will hire lawyer to fight you. But if chances are they will lose, they will negotiate. If they fight and lose, they will pay full sum. That's how i think the system works. So under what circumstances the insurer thinks they can win ? |
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Aug 14 2025, 12:52 AM
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A lawyer advised me that if you intend to sell soon, do not initiate title perfection. You can only sell the property after the MOT is completed, which means an unknown delay.
It's better for the new purchaser to either do direct transfer (if allowed) or double transfer. The lawyer says when doing double transfer, she can submit both transfers to the land office at the same time. But I've heard otherwise too - must complete the transfers back to back, not at the same time. |
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Aug 14 2025, 09:55 AM
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Aug 14 2025, 11:29 AM
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Aug 14 2025, 03:15 PM
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1,205 posts Joined: Oct 2006 From: Kuala Lumpur |
QUOTE(mushigen @ Aug 14 2025, 12:52 AM) A lawyer advised me that if you intend to sell soon, do not initiate title perfection. You can only sell the property after the MOT is completed, which means an unknown delay. direct transfer only apply if the developer allow. its entirely up to developer whether to allow or not, subject to admin fees.It's better for the new purchaser to either do direct transfer (if allowed) or double transfer. The lawyer says when doing double transfer, she can submit both transfers to the land office at the same time. But I've heard otherwise too - must complete the transfers back to back, not at the same time. |
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Aug 14 2025, 03:52 PM
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Aug 16 2025, 08:24 AM
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QUOTE(mushigen @ Aug 14 2025, 01:52 AM) A lawyer advised me that if you intend to sell soon, do not initiate title perfection. You can only sell the property after the MOT is completed, which means an unknown delay. Yes, double transfer one go.It's better for the new purchaser to either do direct transfer (if allowed) or double transfer. The lawyer says when doing double transfer, she can submit both transfers to the land office at the same time. But I've heard otherwise too - must complete the transfers back to back, not at the same time. |
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