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Co-ownership/Transfer of Residential Property between Malaysian & non-Malaysian
Category : Buying Property in Malaysia Location : Sarawak
My dad (a Malaysian) wishes to buy a house for his retirement back in Malaysia. I have a few questions: i. Can he co-own the house with his daughter (a non-Malaysian)? If yes, what are the legalities involved? ii. If my dad is the sole owner of the house, can he transfer the house to his children (non-Malaysian)? If yes, what are the procedures? iii. Of the above two scenarios, which is viable and cost-saving? Thank you,
Author : WY Liew , 5/12/2013 10:13:06 AM 0 reply
What are the fees if I put my Bungalow on an auction?
Category : About iExpert Location : Johor
I’m thinking about to put my Bungalow to the auction. Therefore I’d like to know all the fees I would have to pay.
Author : Roger Wasser , 26/11/2013 5:48:03 PM 0 reply
Buying a property in Sydney Australia that doesn't have a strata or company title. Only has a Deed of Memorandum
Category : Legal and Finance Location : Any/No Specific Location
I am interested in buying a property in Sydney Australia but the real estate agent said it doesn't have strata or company title on the apartment block. He said it is something called Deed of Memorandum and that is because the other owners are mostly very old and don't want to be forced into doing renovations to the building. With a Deed of Memorandum, he said, every owner must agree to any work done to the building before work can be approved and completed. How will this affect my ability to buy it with a mortgage of about 60-70%? Also, are these properties hard to sell. Apparently it makes them cheaper (and this one is very reasonable in a good suburb) but harder to sell.
Author : Tess Robinson , 22/11/2013 7:05:45 AM 0 reply
Category : Selling property in Malaysia Location : Kuala Lumpur
I sold my property on 12 Nov last year, and at that time i told my lawyer that i want to get the exemption of RPGT, she said that she will handle it for me. But until now i did not receive any letters from the legal firm or IRB stating i have applied for it or that they have approved the application. I am worried because my friend who used the same lawyer when she sold her properties two years ago received a letter from IRB saying that she did not pay RPGT and she is now slapped with a hefty penalty. But the lawyer didn't reply her. I am worried for my case, that the lawyer might not have submitted the form to request for the exemption of RPGT. I have emailed the lawyer to ask for proof that i have gotten the exemption, but she did not reply my email. Please advise.
Author : SAU MING LEONG , 21/11/2013 6:54:34 PM 0 reply