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Estate Agent's Examination Part 1&2

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Estate Agent's Examination Part 1&2 > Archive for TPC – Law

Category: TPC – Law

S.4 of NLC – What is it? What is so important about this S.4?

18/04/202218/04/2022 Thomas Sim PEA2066

Q. S.4 of NLC – What is it? What is so important about this S.4? A. If you read NLC and familiar with indefeasibility of title, you will understand that Read More …

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D10 Law relating to Property, National Land Code, TPC - LawLeave a comment

Can you not pay RENT? TPC – Law Q14

10/08/201810/08/2018 Thomas Sim PEA2066

Can you not pay RENT? Your toilet is having problem. It cannot function properly. You have asked help from the Landlord, however you were never entertained. The result was that Read More …

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TPC - Law

Signed but did not pay deposit TPC – Law Q13

10/08/201810/08/2018 Thomas Sim PEA2066

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 …

205
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TPC - Law

Money vs signature TPC – Law Q12

10/08/201810/08/2018 Thomas Sim PEA2066

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 …

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TPC - Law

Contingent contract TPC – Law Q11

10/08/201810/08/2018 Thomas Sim PEA2066

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 …

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TPC - Law

Time is an essence Part 3 of 3 TPC – Law Q10

10/08/201810/08/2018 Thomas Sim PEA2066

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 …

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TPC - Law

Time is an essence Part 2 of 3 TPC – Law Q9

10/08/201810/08/2018 Thomas Sim PEA2066

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 …

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TPC - Law

Time is an essence Part 1 of 3 TPC – Law Q8

10/08/201810/08/2018 Thomas Sim PEA2066

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 …

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TPC - Law

Service Suite vs Condo TPC – Law Q7

20/06/201828/07/2018 Thomas Sim PEA2066

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 …

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TPC - Law

Land Conversion AVTC TPC – Law Q6

20/06/2018 Thomas Sim PEA2066

Q. What is Land Conversion or AVTC (Application for Variable Title Condition)? A. AVTC* is a term used in Sarawak. West Malaysia, it is called land conversion. The fee is Read More …

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TPC - Law

Amendment VEAP Act 1981 TPC – Law Q5

18/06/201818/06/2018 Thomas Sim PEA2066

Q. There are some interesting things in the amended NEW Valuers, Appraisers, Estate Agents and Property Managers Act, 1981 (amended 2017). What are they? A. https://justletak.blogspot.my/2018/03/amendment-to-vaea-act-1981.html 5 key points are: Read More …

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TPC - Law

Title Types and Conditions TPC – Law Q4

16/06/2018 Thomas Sim PEA2066

Q. Why landed is better than strata? Perpetuity vs Lease, which is better? A. Simple answer is Scarcity vs in Abundance. Live forever or limited lifespan? Nothing comes without price Read More …

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TPC - Law

Title and dealings TPC – Law Q3

16/06/2018 Thomas Sim PEA2066

Q. How does title to property affect its dealings? A. When a property is without title (under construction) or the title has not been issued from the land office, the Read More …

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TPC - Law

No Gain No Loss deemed Market Value TPC – Law Q2

16/06/2018 Thomas Sim PEA2066

Q. What do you mean by “No gain No Loss”? And, “Disposal deemed at market value?” A. If you study taxation, you would have heard “No gain No loss”. For Read More …

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TPC - Law

Importance of Title TPC – Law Q1

16/06/201816/06/2018 Thomas Sim PEA2066

Q. Why having title is better than no title? Why title is so important? A. A title is not that important most of the time. Most of us are staying Read More …

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TPC - Law

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