The National Land Code 1965 (Applicable within Johore, Kedah, Kelantan, Negeri Sembilan, Pahang, Perak, Perlis,

Selangor and Terengganu) ; The National Land Code Act 1963 (Applicable to Penang and Malacca Titles only) ; Sarawak Land Code ; Sabah Land Ordinance ; The Contracts Act 1950 ; The Specific Relief Act 1950 ; Trust Law; and, lastly The English Common Law and rules of Equity () FREEHOLD () LEASEHOLD individual title strata title () LANDED PROPERTY () SUB-DIVIDED PROPERTY LANDED PROPERTY (BUNGALOW)(SEMI-D)(SINGLE STOREY TERRACE/LINK HOUSE) (DOUBLE STOREY TERRACE/LINK HOUSE) SUB-DIVIDED PROPERTY (APARTMENT/CONDOMINIUM/SERVICE APARTMENT) (FLAT)(TOWNHOUSE)

(1) PRE-PURCHASE RESEARCH PHASE *

(2) SALE AND PURCHASE AGREEMENT & LOAN AGREEMENT PHASE * () (3) POST AGREEMENT PHASE * (PROGRESSIVE BILLING) (4) MOVE INTO NEW HOUSE * RM 500-RM 1000 BOOKING FEE BOOKING FORM 20% 100% BOOKING FORM SALES ASSISTANT BOOKING FORM & RECEIPT 14 14 30 10% SERVED PROGRESSIVE INTEREST DISBURSE PROGRESSIVE PAYMENT 5 % 18

 3-6 SINKING FUND MANAGEMENT FEES 14

1) SALE OF PURCHASE AGREEMENT 1) 2) SCHEDULE G LAND & BUILDING SCHEDULE H SUB-DIVIDED PROPERTY

2)

DEED OF MUTUAL CONVENANTS

STANDARD FORMAT 3 LOAN DOCUMENTATION (a) (b) (c) Loan Agreement Deed of Assignment Power of Attorney

POWER OF ATTORNEY RM 38-RM 46 PROGRESSIVE PAYMENT NOTICE THIRD SCHEDULE-SCHEDULE OF PAYMENT THIRD SCHEDULE [Clause 4(1)] Schedule of Payment of Purchase Price

Instalments Payable

Amount (RM)

1. 2.

Immediately upon signing of this Agreement Within twenty one (21) working days after receipt by the Purchaser of the Vendors written notice of the completion of:(a) the work below ground level including piling and foundation of the said Building comprising the said Parcel (b) the reinforced concrete framework and floor slab of the said Parcel (c) the walls of the said Parcel with door and window frames placed in position (d) the roofing/ceiling electrical wiring, plumbing (without fittings), gas piping (if any) and internal telephone trunking and cabling to the said Parcel (e) the internal and external plastering of the said Parcel (f) the sewerage works serving the said Building (g) the drains serving the said Building (h) the roads serving the said Building On the date the Purchaser takes possession of the said Parcel with water and electricity supply ready for connection to the said Parcel Within twenty-one (21) working days after receipts by the Purchaser of the written confirmation of the Vendors submission to and acceptance by the Appropriate Authority of the application for subdivision of the said Building. On the date the Purchaser takes vacant possession of the said Parcel as in item (3) and to be held by Vendors solicitor as stakeholder for payment to the Vendor as follows:(a) two point five per centum (2.5%) at the expiry of six (6) months after the date the Purchaser takes vacant possession of the said Parcel (b) two point five per centum (2.5%) at the expiry of eighteen (18) months after the date the Purchaser takes vacant possession of the said Parcel TOTAL

10

10

15

10

10

10 5 5 5 12.5

3.

4.

2.5

5.

100

DELIVERY OF VACANT POSSESSION

DELIVERY OF VACANT POSSESSION Date : Xxxx Of xxxx

Xxxxxx Xxxxx Dear Sir/Madam DELIVERY OF VACANT POSSESSION PROJECT : TYPE : UNIT NO. : PURCHASER : PURCHASE PRICE :

We are pleased to inform that vacant possession of the abovesaid property can now be delivered to you. A copy each of the Architects Certificate and our progress billing is enclosed for your information. Kindly call at our office within fourteen (14) days from the date hereof, bringing along with you the following :1) Your identity card(s); 2) Payment for settlement of the amount due as per Statement attached; 3) Confirmation from your end-financier that they have released the full loan sum to us; and 4) Confirmation from our Solicitors, xxx that they have received the stakeholders sum. TAKE NOTE that upon FULL SETTLEMENT of the purchase price and all other outstanding payments, you may proceed to our office to arrange an appointment to inspect and collect the keys to your property. Pursuant to Clause 28(3) of the Sale and Purchase Agreement, you shall deemed to have taken possession of the said property upon expiry of fourteen (14) days from the date of this notice whether or not you have actually taken possession of the said property. Thereafter we shall not liable for any loss or damage to the said property and/or fixtures and fittings therein. It is therefore in your best interest to make the necessary arrangement to take over the above property as soon as possible within the aforementioned period. Please note that you are not allowed to occupy the said Property until such time the Certificate of Fitness for Occupation is issued.

Thank you. Yours faithfully,

/ 1 1 2 3 4 EPF EPF 9%. 5 TOWNHOUSE STRATA TITLE.. STRATA TITLE STRATA TITLE

1) BOOKING FORM NO 2) BOOKING FORM/RECEIPT 3) FOLLOW UP 4) STAMP ISSUE LETTER OF OFFER LETTER OF OFFER

 CERTIFIED TRUE COPY 5) PANEL LAWYER MANAGEMENT FOLLOW UP EPF

FORM 14A LHDN 2-4

What is the difference between leasehold and freehold tenures? THE land laws of Malaysia are governed by the National Land Code, 1965 (Act 56 of 1965). Section 40 of the National Land Code, 1965 states that all state land belongs to the state authority. When state land is disposed off by the state authority to an individual in perpetuity for an indefinite period, this land is now granted as freehold title. When the state land is disposed of by the state authority to an individual for a term of years, by virtual of law, not exceeding 99 years, this land is now granted as leasehold title. Upon expiry of the period of the lease, the land should be reverted to the state authority. The owner will then have to either apply for a renewal of the lease before its expiry or apply for a fresh alienation if the lease has expired. These will involve the payment of a hefty premium which would be close to buying the land all over again with perhaps some discount Summary Issue Leasehold Freehold Comment - Lease Limited by duration usually 30, Leases are environmental 60, 99 or 999 years. subject to a Land uses and town Limited by purpose of higher level of planning lease and land control. controls legislation. - Stocking

Duty of care

levels, cultivation, etc may be restricted by lease conditions. - Limited by environmental and town planning controls. - High level of duty of care defined in land legislation. - May be responsible for developing and maintaining improvements. - May be required to engage in property planning.

- Duty of care following common law and as required by some Environment Protection Acts or its equivalent.

Leases are subject to a higher level of control.

- Few limitations on transfer. - Unlimited right Transferability, Lease transfers to subdivide and aggregation and require State or its aggregate subdivision equivalent's approval. subject to town planning controls. Powers to acquire Some powers to leasehold interest or Retrieval/resumption acquire land for withhold land when public works. lease expires. Varies according to lease type but Security of tenure forfeiture for nonVe performance may be possible.

Leases are subject to a higher level of control.

Leases are subject to a higher level of control.

Hakmilik strata ialah hakmilik yang dikeluarkan kepada petak-petak dalam bangunan berbilang tingkat seperti rumah pangsa, kondominium, kompleks komersil, kompleks serbaguna dan lain-lain. Pemilik tanah adalah orang yang bertanggungjawab untuk memohon hakmilik strata. Hakmilik strata diperlukan bagi menjamin kepentingan setiap pemilik petak dan memudahkan urusniaga terhadap petak berkenaan. Pemilik tanah yang telah menjual mana-mana petak di dalam bangunan

berbilang tingkat yang didirikannya mestilah membuat permohonan hakmilik strata dalam tempoh yang ditetapkan, iaitu :6 bulan dari tarikh jualbeli pertama ATAU 6 bulan dari tarikh Sijil Layak Menduduki Bangunan (CF), mengikut mana yang terkemudian. Hakmilik individu ialah hakmilik bagi harta tanah melibatkan rumah teres, banglo, kedai dan lot industri.

(LANDED PROPERTY) / (INDIVIDUAL TITLE) (TOWNHOUSE) SUB-DIVIDED PROPERTY) (STRATA TITLE)

(FREEHOLD) (LEASEHOLD) (FREEHOLD)

 FREEHOLD OWNERSHIP FREEHOLD

(LEASEHOLD) 99 60