Sale and Purchase Agreements – A Sale and Purchase Agreement is a legally binding contract that outlines the terms and conditions of a sale of any movable or immovable

 

Transfer of Property – Transfer of Property involves circumstances where an owner wishes to transfer his property to his loved ones without involving a sale, an example is by gift to a spouse, parents, or children, where they will enjoy stamp duty benefits.

 

Perfection of Transfer and Charge – This document is required in cases where an Individual or Strata Title has NOT been previously issued for a property before a sale.

 

Deed of Receipt and Reassignment – DRR is to be treated as the same process as Discharge of Charge except that this will not include the redemption of Original Title from the Bank.

 

Discharge of Charge – Discharge of Charge is a process to redeem the Original Title from the Bank upon settlement of the Borrower’s loan with the financier.

 

Tenancy and Leases – Tenancy agreement is for rental of a property for three (3) years or less whereas a Lease is for rental of a property for a period of more than three (3) years.

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