What is allowable loss in RPGT? When a property is sold, real property gains tax is a taxation on the gains for the transaction. On the other hand, if a Read More …
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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 …
Signed but did not pay deposit TPC – Law Q13
The Landlord and tenant signed the tenancy contract, however tenant has not paid the security deposit. Is the contract valid? In most cases, the landlord is a busy person. When Read More …
Money vs signature TPC – Law Q12
Money or signature, which is more important in a contract? In a normal sequence of events, a booking fee is paid upon an offer to the landlord or vendor. When Read More …
Contingent contract TPC – Law Q11
What is a contingent contract? Is that “time is an essence” a contingent contract? In case where the tenant says he will only RENT the premises after the landlord has 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 …
Time is an essence Part 3 of 3 TPC – Law Q10
Time is an essence – Part 3. When time is not essential, can you claim damage? Take an example, you have a basket of fruits in a pasar malam on Read More …
Time is an essence Part 2 of 3 TPC – Law Q9
Time is an essence – Part 2. When time is not essential. What happen next? When tenant said I will start renting your place from July, time is a factor Read More …
Time is an essence Part 1 of 3 TPC – Law Q8
Time is an essence – Part 1. What does it mean? S.56 CA 1950 says in a contract, time is an essence… to perform at fixed time, in contract in 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 …
Service Suite vs Condo TPC – Law Q7
Q. What is “service suite” if compared to “condominium”? A. Some answers are like: Service Suite is of higher standard! It is used as “Hotel”! It is commercial use. It 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 …