Q. What are the differences between ‘Contract for Service’ and ‘Contract of Service’? A. If it is established that an employment exists and is exercised in Malaysia, or the employment Read More …
Category: TPC – Practice
Bumi Discount vs Bumi Lot vs Malay Reserve Land (MRL)
Q. I am confused with Bumi Discount, Bumi Lot and MRL. Can you explain further? A. Please read earlier post on this matter on: What is about Bumi Lot and Read More …
What is about Bumi Lot and Bumi Discount?
Q. What is about Bumi Lot and Bumi Discount? In Task 2, TPC usually you are advised to avoid issue of discount, rebate and cash bonus. In HDR – Housing Read More …
Developer’s Consent To Assign And The Imposition Of Administrative Fee
［Can developer simply withhold or charge deliberately to disallow consent for a sub sale?］ 31 January, 2020 Not all stratified properties have separate strata titles: this may be due to Read More …
SoHo under Commercial or Residential?
Q. Is SoHo units under commercial or residential category of treatment by local government? A. This has effect on bills and ways these units be used. Commercial rates of electricity Read More …
Buying a tenanted house TPC – Practice Q25
Q. How is it different between buying a tenanted house compared to an empty house? A. When a property is bought with tenant, it can be:’ Vacant possession – that Read More …
What is co-agency? TPC – Practice Q24
What is co-agency? How to avoid being cut-off? Co-agency as in Standard 7 of MEAS 2014 has the below definition. 7.1.1 Co-agency is co-operative agreement between a listing agency firm Read More …
Sequence of event to tenancy agreement TPC – Practice Q23
The sequence of events to a rental agreement. The landlord advertise to the public for potential tenants. This is invitation to treat. Prospect tenants are selected. The agent receives inquiries Read More …
Redemption sum larger than transacted amount TPC – Practice Q22
What if the redemption sum is larger than the 30% of the transaction amount? Take for example, you bought a property from John at RM500,000. Your loan is 70%, ie Read More …
Post SPA Stage – Part 2 of 2 TPC – Practice Q21
Why is the first 10% payable to seller upon signing of SPA, and the 20% (if loan at 70%) not payable but held in client’s account of the lawyer later Read More …
Post SPA Stage – Part 1 of 2 TPC – Practice Q20
What is the difference between before and after signing SPA? What is 10% upon signing SPA? The 10% upon signing of SPA is a condition for the contract. In other Read More …
When should you allow your IC being taken? TPC – Practice Q19
Should you give your IC and land title if prospect does not put deposit (booking fee)? In a normal process of selling your property through an agent, the agent will Read More …
Booked but cannot get loan, how? TPC – Practice Q18
What if I did not get the loan but I have already booked the property? (Paid earnest deposit) This is the single most important reason that an agent should be Read More …
After booking your property, what is next? TPC – Practice Q17
After you have put your booking fee, what happens next (Vendor-Purchaser – subsale)? You saw a house and decided to buy. You gave the booking fee (usually RM5,000) to the Read More …
Direct to SPA TPC – Practice Q16
Q. If the buyer straight away go to sign SPA without booking fee, what happen? A. Nothing much happened. Only that there is no signing of letter of offer. This Read More …
With or Without SPA TPC – Practice Q15
Q. Can you directly proceed to SPA without going to an agent? A. Of course you can!!! The practice of agency is not mandatory. What it means is you can Read More …
Booking Fee Refundable? TPC – Practice Q14
Q. Can I get back my booking fee (earnest money)? When a purchaser offers to buy a property from a vendor (seller) in a subsale. He puts his booking fee Read More …
Conditional and Unconditional TPC – Practice Q13
Q. What is conditional contract? When does it become unconditional? A. When two parties come to a negotiation, many things are not yet certain. If I get my wife to Read More …
Early Vacant Possession advisable? TPC – Rules Q3
Q. What if the tenancy agreement is in the future date? Can I let the tenant in first? How about my fee as agent who completed the instruction? A. In Read More …
Commercial Property Loan % TPC – Practice Q12
Q. How to best benefit from Commercial Property Loan? A. Policy for loan on commercial properties is usually at maximum of 80% of the value of property. However, there is Read More …