What to do after getting property keys, Tenaga account, quit rent & assessment
What to do after getting property keys, Tenaga account, quit rent & assessment
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Nov 30 2008, 10:04 PM, updated 18y ago
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#1
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Junior Member
31 posts Joined: Nov 2008 |
Hello all, I have a newbie in property purchase, hope you all can advise me with your knowledge and experience. Anyway, I recently bought a freehold apartment unit (still under master title) from the subsale market and I've lots of questions:. 1. The bank has disbursed all the money and the seller had faxed a letter giving me permission to pick up the keys from the apartment management office. Once I get the keys, does it mean that I have received vacant possession and can move in or begin renovation? The reason I'm asking is because the various bills (Tenaga,assessment, quit rent, etc) have not yet being divided between the seller and me. 2. Tenaga (i) Is it better to open a new Tenaga account or apply to change the property owner's name? (ii) When applying for a new Tenaga account, other than a photocopy of the SPA, and money for deposit, do I need to bring along a RM10 Setem Hasil(Duty Stamp)? 3. Quit rent & assessment (i)For an apartment still under master title, are the quit rent & assessment paid to the apartment management office or to the land office and local municpal council respectively? (ii) Should I go personally to the land office and local municipal council to change the owner's name to my own ASAP? My lawyer is on long MC and his clerk is a bit unsure, so I hope forum members can help. Thanks in advance. |
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Nov 30 2008, 10:14 PM
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#2
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Staff
7,948 posts Joined: Jan 2005 From: Soviet Sarawak |
from engineer's view
download any readily available new home ownership checklist and start identifying all problems - cracks, leaks, squeaky hinges, rough wall, and so on. take photographic evidences. dun even think of renovating yet |
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Nov 30 2008, 11:04 PM
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#3
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Senior Member
2,548 posts Joined: May 2005 |
QUOTE(resident @ Nov 30 2008, 10:04 PM) 1. The bank has disbursed all the money and the seller had faxed a letter giving me permission to pick up the keys from the apartment management office. Once I get the keys, does it mean that I have received vacant possession and can move in or begin renovation? The reason I'm asking is because the various bills (Tenaga,assessment, quit rent, etc) have not yet being divided between the seller and me. Can start reno only if CFO issued. but like Lucifer said, settle your defects complains first b4 u start reno so as not to complicate matters. QUOTE The reason I'm asking is because the various bills (Tenaga,assessment, quit rent, etc) have not yet being divided between the seller and me. U mean the seller already stayed in ?QUOTE 2. if a/c already in Buyer's name , then u can't apply for another a/c unless 1 st a/c is cancelled. Normally, better put in 1st a/c cancellation form and application for new a/c simultatenously..to avoid disruption in supply(i) Is it better to open a new Tenaga account or apply to change the property owner's name? QUOTE (ii) When applying for a new Tenaga account, other than a photocopy of the SPA, and money for deposit, do I need to bring along a RM10 Setem Hasil(Duty Stamp)? call the respective centre...procedures and rules changes according to their whims and fancy QUOTE 3. Quit rent & assessment (i)For an apartment still under master title, are the quit rent & assessment paid to the apartment management office or to the land office and local municpal council respectively? Quit rent...master title assessement ...normally separate assessement given the moment CFo is issued QUOTE (ii) Should I go personally to the land office and local municipal council to change the owner's name to my own ASAP? There is a Borang I to be filled in notifying change of ownership to be submitted to local council.This post has been edited by ??!!: Dec 1 2008, 10:50 AM |
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Dec 1 2008, 10:44 AM
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#4
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Senior Member
1,979 posts Joined: Jan 2003 From: Kuala Lumpur |
QUOTE(resident @ Nov 30 2008, 10:04 PM) Hello all, I have a newbie in property purchase, hope you all can advise me with your knowledge and experience. Anyway, I recently bought a freehold apartment unit (still under master title) from the subsale market and I've lots of questions:. 1. The bank has disbursed all the money and the seller had faxed a letter giving me permission to pick up the keys from the apartment management office. Once I get the keys, does it mean that I have received vacant possession and can move in or begin renovation? The reason I'm asking is because the various bills (Tenaga,assessment, quit rent, etc) have not yet being divided between the seller and me. Firstly do your DLP and settle outstanding issues like utilities, quit rent etc first before renovating. 2. Tenaga (i) Is it better to open a new Tenaga account or apply to change the property owner's name? It's better and often times easier to open a new account... (ii) When applying for a new Tenaga account, other than a photocopy of the SPA, and money for deposit, do I need to bring along a RM10 Setem Hasil(Duty Stamp)? To my knowledge you pay the stamp fee at the counter you don't have to bring along a hasil setem... or you can call TNB at 15454 to clarify. 3. Quit rent & assessment (i)For an apartment still under master title, are the quit rent & assessment paid to the apartment management office or to the land office and local municpal council respectively? Quit rent pay to the master title owner... usually the developer or building management if I'm not mistaken. Assessment pay to your local council. (ii) Should I go personally to the land office and local municipal council to change the owner's name to my own ASAP? You or your lawyer must notify the Local Authority of changes in ownership so the assessment record can be updated. Yes do it ASAP because failure to notify the relevant authority is an offence. My lawyer is on long MC and his clerk is a bit unsure, so I hope forum members can help. Thanks in advance. |
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Dec 1 2008, 12:06 PM
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#5
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Senior Member
804 posts Joined: Jan 2003 |
yup...
me last time... identify all the problems of that house.... leaking....roof...cracks...painting prob...wiring prob....plumbing prob... |
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Dec 1 2008, 08:40 PM
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#6
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Junior Member
31 posts Joined: Nov 2008 |
Bros lucifah, ??!! and aaronpang, Thanks for the advice. I appreciate it This post has been edited by resident: Dec 1 2008, 08:43 PM |
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