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Flowchart at SPA With Title (Direct Case)

This document outlines the procedure for an individual to sell and purchase property in Malaysia. The key steps include conducting a land search, preparing legal documents like the sale and purchase agreement and memorandum of transfer, executing the documents and settling fees, getting the memorandum of transfer stamped and adjudicated, paying any stamp duties, registering the memorandum of transfer, releasing the balance of funds, delivering possession, and completing the transaction.

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Adhariah
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308 views1 page

Flowchart at SPA With Title (Direct Case)

This document outlines the procedure for an individual to sell and purchase property in Malaysia. The key steps include conducting a land search, preparing legal documents like the sale and purchase agreement and memorandum of transfer, executing the documents and settling fees, getting the memorandum of transfer stamped and adjudicated, paying any stamp duties, registering the memorandum of transfer, releasing the balance of funds, delivering possession, and completing the transaction.

Uploaded by

Adhariah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Flowchart of Procedure of a Sale and Purchase of Property with Individual Title

Pre formation of contracts - Details of Parties - Documents - etc

Conduct land search

Prepare Sale and Purchase Agreement, MOT, CKHT, Bills etc

Execution of SPA,MOT etc and settlement of legal fees and disbursement by client

Stamping of SPA

Purchaser's loan approve

Issue letter of undertaking to Loan Solicitors upon request

Adjudication of MOT

Pay stamp duty on MOT upon issuance of notice of assessment

Registration of MOT

Release of Balance Purchase Price

Delivery of vacant possession

Completion

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