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.