SPA (With Title) - Consent

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Messrs Kevin & Co

Advocates & Solicitors

DATED THIS DAY OF 2013

BETWEEN

MUHAMMAD GHAZIE BIN ISMAIL


(NRIC No: 551015-05-5559
[“the Vendor(s)]

AND

R. JAGATHESAN A/L RAMAKRISHNAN


(NRIC No: 630608-08-5501)
[“the Purchaser(s)]

*******************************************************************
SALE AND PURCHASE AGREEMENT
*******************************************************************

Prepare by:-

Messrs Kevin & Co


Advocates & Solicitors
Block G-1-3A, Setiawalk,
Persiaran Wawasan,
47160 Puchong,
Selangor Darul Ehsan.
' +603 - 58805068
* wiemun@joshua.legalpractice@gmail.com

[Our Ref : KCP/CCV/10011/13/raymond]


Messrs Kevin & Co
Advocates & Solicitors

SALE AND PURCHASE AGREEMENT

AN AGREEMENT made the day and year stated in Section 1 of the First Schedule hereto
between the party(ies) whose name(s) and particulars are stated in Section 2 of the First Schedule
hereto (hereinafter called "the Vendor") of the one part And the party(ies) whose name(s) and
particulars are stated in Section 3 of the First Schedule hereto (hereinafter called "the Purchaser") of
the other part.

RECITALS

WHEREAS :-

(A) The Vendor is the registered and beneficial owner of the property described in Section 4 of
the First Schedule hereto (hereinafter referred to as "the said Property").

(B) The said Property is subject to such restriction in interest and encumbrance as described in
Section 5 of the First Schedule hereto.

(C) The Vendor has agreed to sell to the Purchaser and the Purchaser has agreed to purchase from
the Vendor the said Property free from all encumbrances and with vacant possession but
subject to the existing conditions of the title expressed or implied and at the price and subject
to the terms and conditions hereinafter contained.

(D) The Purchaser has appointed Messrs Kevin & Co, Advocates & Solicitors of Block G-1-
3A, Setiawalk, Persiaran Wawasan, 47160 Puchong, Selangor Darul Ehsan as his
solicitors (hereinafter called "the Purchaser's Solicitors") whereas the Vendor has appointed
the party described in Section 6 of the First Schedule hereto as his solicitors (hereinafter
referred to as "the Vendor's Solicitors"). The party whose name and particulars described in
Section 7 hereto shall be the stakeholders (hereinafter be referred to as "the Stakeholder").

NOW IT IS HEREBY AGREED as follows:-

1 Agreement

1.1 Subject to the terms and conditions hereinafter appearing the Vendor shall sell and the
Purchaser shall purchase the said Property free from all encumbrances and with vacant
possession but subject to the conditions express or implied in the title to the said Property for
the consideration stated in Section 8 of the First Schedule hereto (hereinafter referred to as
"the Purchase Price").

2 Payment of Consideration

2.1 The Purchase Price shall be paid by the Purchaser in the following manner:-

(a) the deposit sum stated in Section 9 of the First Schedule hereto (hereinafter referred
to as "the Deposit Sum") shall be paid in the manner stipulated therein;
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(b) the sum stated in Section 10 of the First Schedule hereto being the balance of the
Purchase Price (hereinafter referred to as "the Balance Sum") shall be paid to the
Stakeholder within the time stated in Section 11 of the First Schedule hereto
(hereinafter referred to as "the Completion Date") and in the event the Purchaser
shall fail to pay the Balance Sum within the Completion Date, the Completion Date
shall be extended by such period of time as stated in Section 12 of the First Schedule
hereto (hereinafter referred to as "the Extended Completion Date") PROVIDED
THAT the Purchaser shall pay to the Vendor interest at the rate stated in Section 13
of the First Schedule hereto on the Balance Sum or any sum then outstanding thereof
calculated on day to day basis from the expiry of the Completion Date until the date
of full payment of the Purchase Price.

2.2 It is hereby agreed between the parties hereto that:-

(a) In the event that the Purchaser shall have obtained a loan from a licenced financial
institution (hereinafter referred to as "the Financier") to complete the purchase of the
said Property the Purchaser shall pay the difference between the loan sum and the
Purchase Price (hereinafter referred to as “the Differential Sum”) to the Vendor’s
Solicitors as stakeholders within the Completion Date or the Extended Completion
Date as the case may be; and

(b) the Vendor shall execute and deposit the usual undertakings confirmations and
documents whatsoever required by the Financier or its solicitors including an
undertaking to refund the loan sum in the event the Transfer (hereinafter defined) in
favour of the Purchaser is not or cannot be registered for any reason whatsoever and
in the event the Vendor shall fail to deliver the said undertaking/confirmation to the
Financier or its solicitors within seven (7) days of request by the Purchaser's
Solicitors or the Financier's solicitors, as the case may be, the Completion Date shall
be extended by such number of days delayed free of interest.

3 Conditions Precedent

3.1 Where the said Property is subject to restrictions as described in Section 5 of the First
Schedule hereto, this Agreement shall be subject to the condition precedent that the consent
from the relevant authority has to be obtained (hereinafter referred to as “the Consent to
Transfer”) and the following provisions shall apply :-

(a) The Vendor shall at its own cost and expense apply to the relevant authorities for its
consent to transfer the said Property to the Purchaser (hereinafter referred to as "the
said Application") within one (1) month from the date of this Agreement or such
further time as the Purchaser may agree and shall upon request tender proof of such
application to the Purchaser's Solicitors immediately upon the said Application
having been made.

(b) In the event the said Application is rejected or is not approved by the relevant
authority within four (4) months from the date hereof or within such further time as
the Purchaser may agree :-

(i) the Purchaser shall be entitled to either grant further time to the Vendor to
obtain the consent or to terminate this Agreement whereupon the Vendor
shall upon receipt of the notice of termination from the Purchaser forthwith
refund all whatsoever moneys paid by the Purchaser pursuant to this
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Agreement and hereby irrevocably authorise the Stakeholder to refund to the


Purchaser all whatsoever moneys, if any, held by it as stakeholder pursuant to
the terms of this Agreement; and

(ii) the Purchaser shall return the Transfer (hereinafter defined) to the Vendor for
cancellation;

and thereafter this Agreement shall be deemed to have been terminated and cease to
have further effect and the parties hereto shall have no further claims against the other
save for any antecedent breach (if any).

4 Memorandum of Transfer/Quit Rent etc

4.1 Simultaneous with the execution of this Agreement the Vendor shall :

(a) execute a valid and registrable transfer of such title of the said Property in favour of
the Purchaser or his/their nominee(s) (hereinafter referred to as "the Transfer") and
deposit the same with the Purchaser's Solicitors together with the current quit rent and
assessment receipts and all other documents necessary for the purpose of submitting
the Transfer for adjudication of the stamp duty payable thereon and the Purchaser's
Solicitors are hereby authorised by the parties hereto to submit the Transfer for
adjudication of stamp duty payable on the Transfer as soon as is practicable;

(b) where the said Property is free from encumbrances the Vendor shall deposit the
original issue document of title to the Property with the Stakeholder upon the
execution of this Agreement who shall be authorised to deliver the same to the
Purchaser's Solicitors or the Financier or its solicitors as the case may upon full
payment of the Purchase Price or deemed payment of the Purchase Price as the case
may be; and

5 Redemption from Chargee (if any)

5.1 Where the said Property is subject to any legal charge or encumbrances the following
provisions shall apply.

(a) Upon execution of this Agreement the Vendor shall forthwith procure the chargee of
the said Property (hereinafter referred to as "the Chargee") to deliver to the
Purchaser's Solicitors a written confirmation of the redemption sum due and payable
in respect of the said Property (hereinafter referred to as "the Redemption Sum")
together with an undertaking to refund the Redemption Sum so released to the
Chargee in the event the memorandum of discharge of charge cannot be registered for
any reason whatsoever. Where the Purchaser is desirous of obtaining a loan to finance
the purchase of the said Property the Vendor shall also obtain the redemption
statement and undertaking from the Chargee upon the Purchaser's loan having been
approved.

(b) In the event the Redemption Sum shall exceed the Balance Sum or the Purchase Price
the Vendor shall forthwith deposit the shortfall (hereinafter referred to as "the
Shortfall ") with the Stakeholder to enable the said Property to be redeemed.

(c) The Stakeholder shall be authorised by the parties hereto to utilise the Balance Sum
or part thereof as the case may be and the Shortfall, if any, to redeem the said
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Property from the Chargee.

(d) Upon payment of the Redemption Sum to the Chargee, the Vendor shall cause or
procure the Chargee to deliver:

i) the issue document of title to the Property;


ii) the registered duplicate charge of the existing charge(s) on the Property;
iii) the duly executed and registerable memorandum of discharge of charge; and
iv) all necessary documents to discharge the existing charge(s) on the Property,

(hereinafter collectively referred to as “the Redemption Documents”) to the


Purchaser's Solicitors or the Financier or the Financier's Solicitors, as the case may
be.

(e) The Redemption Sum paid to the Chargee shall for all intents and purposes be
deemed to be paid to the Vendor and shall form and constitute part of the Purchase
Price.

(f) Where the title to the said Property cannot be charged without the consent of the
relevant authority the Vendor shall cause the Chargee to deliver to the Purchaser's
Solicitors or the Financier's Solicitors as the case may be a letter of consent from the
Chargee addressed to the relevant authority confirming that the Chargee has no
objection to the said Property being charged to the Financier to enable the Purchaser
to apply for the relevant consent to charge from the relevant authority.

(g) Where the Chargee and/or the Vendor shall fail to deliver or cause to be delivered:

i) the requisite redemption statement/undertaking within seven (7) days of


receipt of the request for the same; or
ii) the Redemption Documents within seven (7) days of receipt of the
Redemption Sum by the Stakeholder; or
iii) the letter of consent referred to in Clause 5.1(f) hereof within seven (7) days
of the receipt of request from the Purchaser’s Solicitors or the Financier’s
Solicitors, as the case maybe; or
iv) the Shortfall with the Stakeholder upon the Shortfall having been determined,

then in each of such event the Completion Date shall be extended by such number of
days of delay in obtaining and/or delivering the same without payment of any interest
to the Vendor.

6 Completion of Sale and Purchase

6.1 Upon the full payment of the Balance Sum by the Purchaser pursuant to Clause 2.1 the
Vendor shall deliver or cause to be delivered to the Purchaser's Solicitors or the Financier or
its solicitors as the case may be the original issue document of title to the said Property, the
current quit rent and assessment receipts and such other documents as shall be incumbent
upon the Vendor to facilitate the registration of the Transfer (hereinafter collectively referred
to as "the Documents") and the Purchaser's Solicitors or the Financier's Solicitors as the case
may be are hereby irrevocably authorised by the parties hereto to present the Documents for
registration at the relevant land office / land registry.
6.2 The Stakeholder shall be authorised to release the Balance Sum to the Vendor in the within
fourteen (14) days of presentation of the Transfer for registration at the appropriate land
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office / land registry less any sum required to be retained or deducted PROVIDED ALWAYS
that the conditions stated in Section 14 of the First Schedule hereto shall have been complied
with

7 Real Property Gains Tax

7.1 The parties do hereby expressly agree covenant and undertake with each other that each party
shall if required by law, individually notify the Director General of Inland Revenue of the
acquisition and disposal (as the case may be) of the Property within sixty (60) days from the
date hereof and further that each party shall execute or cause to be executed all deeds or
instruments and furnish all information necessary for obtaining the relevant Certificate of
Clearance or the Certificate of Exemption, as the case may be.

7.2 The Vendor hereby warrants and represents to the Purchaser that the Property has been
acquired by the Vendor for more than five (5) years and based on the said warranty and
representation, the parties hereto hereby confirm and agree that no moneys shall be retained
for the purposes of Section 21B(1)(a) of the Real Property Gains Tax Act, 1976 and for this
purpose the Vendor shall execute and deliver to the Purchaser’s Solicitors a copy of the
CKHT 3 simultaneously with the execution of this Agreement.

8 Specific Performance and/or Damages

8.1 It is hereby agreed by the parties herein that in the event the Vendor shall breach any of the
representation and/or warranties herein or fail neglect or refuse to complete the sale herein the
Purchaser shall be entitled to either:

i) enforce specific performance and/or damages of this Agreement; or


ii) to terminate this Agreement.

8.2 In the event that the Purchaser elects to terminate this Agreement :-

(i) the Vendor shall pay to the Purchaser the sum stated in Section 16 of the First
Schedule hereto as agreed liquidated damages;

(ii) the Vendor shall forthwith refund all whatsoever moneys paid by the Purchaser
pursuant to the terms of this Agreement;

(iii) the Purchaser shall return to the Vendor the Transfer and the Documents provided
that where the Transfer has been adjudicated and stamped the Purchaser shall be
entitled to surrender the Transfer to the relevant authority for the purpose of refund of
stamp duty paid;

and thereafter this Agreement shall be terminated and rendered null and void and the parties
hereto shall have no claim whatsoever in respect of and arising out of this Agreement save for
any antecedent breach (if any).

9 Default by Purchaser

9.1 In the event that the Purchaser fails to pay the Balance Sum in accordance with the provisions
of Clause 2.1 hereof:

(a) the Vendor shall be entitled by notice in writing to the Purchaser to terminate this
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Agreement and forfeit absolutely the sum described in Section 17 of the First
Schedule hereto as agreed liquidated damages and all other monies paid by the
Purchaser, if any, shall be forthwith refunded to the Purchaser by the Vendor;

(b) upon receipt of such refund (if any) as aforesaid, the Transfer together with such quit
rent and assessment receipts shall be returned to the Vendor for cancellation. Where
the stamp duty on the transfer has been paid the Vendor shall allow the Purchaser to
surrender the Transfer to the relevant Authority for the purpose of refund of stamp
duty paid;

and thereafter this Agreement shall become null and void and be of no further effect and
neither party hereto shall have any further claims action or proceedings against the other in
respect of or arising out of this Agreement save for any antecedent breach (if any).

10 Vacant Possession

10.1 Vacant possession of the said Property shall be delivered by the Vendor to the Purchaser upon
full payment of the Purchase Price (hereinafter referred to as "the Vacant Possession Date")
PROVIDED THAT where the Balance Sum is deemed to be paid pursuant to Clause 2.2 (a)
hereof the Vendor shall deliver vacant possession to the Purchaser only upon receipt by the
Stakeholder of the loan sum from the Financier.

10.2 In the event the Vendor refuses neglects defaults or is unable to deliver vacant possession of
the said Property to the Purchaser pursuant to Clause 10.1 hereof the Vendor shall pay to the
Purchaser as agreed liquidated damages the sum stated in Section 18 of the First Schedule
hereto calculated from the Vacant Possession Date until the date of actual delivery of vacant
possession of the said Property to the Purchaser.

11 Non-Registration of Documents

11.1 In the event that the Transfer of the said Property in favour of the Purchaser free from all
encumbrances cannot be registered due to any reason not attributable to the Purchaser and the
Vendor then the Purchaser shall be entitled to either:

i. terminate this Agreement whereupon the Vendor shall upon the receipt of notice of
termination from the Purchaser, forthwith refund to the Purchaser all monies paid by
the Purchaser pursuant to the provisions of this Agreement; or

ii. upon request by the Purchaser, the Vendor shall at the Vendor's own cost and expense
do all that is required of him to perfect the transfer of the said Property free from
encumbrances to the Purchaser and/or his nominee as may be necessary. In the event
the Transfer cannot be perfected within such time as may be agreed upon between the
parties hereto the Vendor shall forthwith refund to the Purchaser all monies paid by
the Purchaser pursuant to the provisions of this Agreement,

and thereafter this Agreement shall terminate and cease to be of any further effect but without
prejudice to any legal right either party may be entitled to against the other in respect of any
antecedent breach of this Agreement.

12 Land Acquisition

12.1 In the event of any governmental statutory urban or municipal competent authority acquiring
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or exercising any rights or taking any steps under the Land Acquisition Act 1960 and/or any
other relevant legislation to acquire the said Property or any part thereof for any purpose
whatsoever at any time before (including any period prior to the execution of this Agreement)
the Completion Date or the Extended Completion Date as the case may be the Purchaser shall
be entitled to:

EITHER

(a) continue with and complete this Agreement in which event the Purchaser shall not be
entitled to any reduction of the purchase price PROVIDED ALWAYS that the
Vendor shall immediately notify the relevant authority of the Purchaser's interest in
the said Property and the terms of this Agreement and thereupon the Vendor shall in
all matters of this Agreement covering the acquisition act upon and in accordance
with the instructions of the Purchaser and shall do all such acts and things at the cost
of the Purchaser as may be reasonably required by the Purchaser for the purpose of
securing the best compensation payable and such compensation shall belong to and
be paid to the Purchaser; or

(b) to terminate the sale and purchase herein in which event :-

(i) all monies paid by the Purchaser pursuant to the terms of this Agreement
shall be refunded by the Vendor to the Purchaser within fourteen (14) days of
written notification of the termination given by the Purchaser to the Vendor;

(ii) and thereafter, the Transfer and the Documents shall be returned to the
Vendor by the Purchaser provided always that where the Transfer has been
adjudicated and stamped the Purchaser shall be entitled to surrender the same
to the relevant Authority for the purpose of refund of stamp duty paid.

and thereafter, the parties hereto shall have no claim or claims whatsoever against the
other on any matter in respect of or arising out of this Agreement save and except for
past breaches.

13 Damage to Property

13.1 In the event that the said Property is damaged by fire, flood, earthquake, bad weather, force
majeure or other causes before the Completion Date or the Extended Completion Date as the
case may be, the Purchaser shall be entitled at his/their absolute discretion to rescind this
Agreement by notice in writing to the Vendor(s) whereupon the Vendor shall within fourteen
(14) days from the date of such notice refund to the Purchaser all whatsoever monies paid
herein to the Vendor by the Purchaser after which this Agreement shall be deemed to be
terminated and shall cease to be of any further effect.

14 Termination

14.1 Notwithstanding any provisions to the contrary and without prejudice to the rights of the
Purchaser under this Agreement the Purchaser shall be entitled to terminate this Agreement
upon the occurrence of all or any of the following events whereupon the Vendor shall
forthwith refund all whatsoever monies paid by the Purchaser pursuant to this Agreement :-

(a) where the Vendor shall have committed any act of bankruptcy or enter into any
composition or arrangement with or for the benefit of the creditors of the Vendor or
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allow any judgement against the Vendor to remain unsatisfied for a period of twenty
one (21) days;

(b) where the Vendor is a company a winding-up petition is presented against the Vendor
or the Vendor enters into liquidation whether voluntary or compulsory or a resolution
is passed for the winding-up of the Vendor or the Vendor enter into any composition
or arrangement with or for the benefit of the creditors of the Vendor or allow any
judgement against the Vendor to remain unsatisfied for a period of twenty one (21)
days;

(c) where the register document of title is damaged, missing or could not be located or
where any prohibitory orders, caveats or other prohibitions are found to exist such as
would prevent the Transfer in favour of the Purchaser from being registered;

(d) where the Chargee has commenced foreclosure proceedings against the Vendor or
any order for sale having been obtained from the relevant authority or the Court.

15 Interest on Late Refund

15.1 In the event the Vendor shall fail neglect or refuse to refund any monies required to be
refunded or paid to the Purchaser within the time stipulated for refund or payment under the
terms of this Agreement the Vendor shall be additionally liable to pay to the Purchaser
interest at the rate stipulated in Section 13 of the First Schedule hereto calculated from the
date due for refund or payment as the case may be until the date of receipt of the full refund
or payment.

16 Apportionment of Outgoings

16.1 All rental quit rent rates taxes assessments rental and other outgoings payable in respect of the
said Property (hereinafter referred to as "the Outgoings") shall be apportioned between the
parties hereto as at the date of actual delivery of vacant possession of the said Property and
the amount due on such apportionment shall be paid by the party from whom it is due to the
other forthwith.

16.2 It is hereby agreed between the parties hereto that the Outgoings shall be settled by the
Vendor and the receipts delivered to the Purchaser's Solicitors before the Completion Date
and in the event the Vendor fail to settle the Outgoings as aforesaid the Purchaser may settle
the Outgoings on behalf of the Vendor and deduct such payment including any other
incidental costs incurred in the settlement of the Outgoings from the Purchase Price.

16.3 Within thirty (30) days from the date of completion of the sale and purchase herein and the
delivery of vacant possession of the Property to the Purchaser, the Purchaser shall take all
necessary immediate steps to notify the relevant authorities or bodies of the change of
ownership of the Property so that all future bills in respect of quit rents, assessment rates,
sewerage and utility charges and all other outgoings whatsoever payable in respect of the
Property will be directed to the Purchaser. The Purchaser shall indemnify and keep the
Vendor indemnified against any penalties, fines claim, demand, loss, damages and proceeding
which may arise as a result of non-payment or late payment or late notification to the relevant
authorities in respects of the outgoings in respect of the Property.

17 Vendor’s Warranties and Representation


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The Vendor hereby represents and warrants that: -

a] the statements contained in the recitals of this Agreement are true and correct and
form the basis of this Agreement;

b] there are no other known encumbrances or any third party interest on the Property
save for such encumbrances disclose herein;

c] the Vendor is the legal and beneficial owner of the Property;

d] the Vendor has not enter into any agreement with any third party to dispose, rent,
lease or assign the Property other than such agreement specifically disclosed herein;

e] the Property shall substantially be in the same condition, state, nature and character
(fair wear and tear excepted) at the date of delivery of vacant possession of the
Property as it is at the date of this Agreement;

f] the Vendor is not involved in any litigation or legal proceedings whether as plaintiff
or defendant;

g] the Vendor has not committed any act of bankruptcy and no bankruptcy proceeding
has been instituted against the Vendor;

h] there has been no breach of any conditions, expressed or implied, in the Title of the
Property; and

i] there are no outstanding notices, warnings or fines imposed by any relevant


government authority adversely affecting the Property.
1 SPECIAL CONDITIONS

This Agreement shall be subject to the Special Conditions set out in Section 19 of the
Schedule hereto and in the event of conflict between the Special Conditions and any of the
terms in this Agreement the Special Conditions shall prevail.

18 Costs

18.1 All the costs of and incidental to the preparation and completion of this Agreement and the
transfer in favour of the Purchaser including the stamp duties and registration fees in relation
thereto shall be borne and paid by the Purchaser.

18.2 All the costs of and incidental to the said Application, if any, and the preparation and
registration of the Discharge of Charge, if any, shall be borne and paid by the Vendor.

18.3 Each party shall bear its own solicitors' costs save and except in the case of default where the
defaulting party shall be liable for the legal costs of the party not in default.

19 General

19.1 Time whenever mentioned shall be deemed to be of the essence of this Agreement.

19.2 Any notice required to be served pursuant to this Agreement shall be in writing and shall be
served on the Vendor or the Purchaser as the case may be at their respective addresses stated
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above or at such other addresses as either party may from time to time appoint for the service
of notices and any notice so sent by registered post shall be deemed to have been served at the
time when in the ordinary course of post it would have been delivered. Service of any notice
or document may be effected by or upon the solicitors for the respective parties hereto.

19.3 Any delay, indulgence, forbearance or time given by either party to the other shall not
constitute a waiver of or prejudice the first party’s rights and remedies at law or herein
contained.

19.4 All schedules attached to this Agreement shall be read and construed as an essential part of
this Agreement.

1.1 Words importing the singular number includes the plural number and vice versa and words
importing the masculine gender shall include the feminine and neuter genders and vice versa.

19.5 This Agreement shall be binding on the heirs personal representatives successors in title and
assigns of the parties hereto.

[The rest of this page is intentionally left blank]


IN WITNESS WHEREOF the parties hereto have hereunto set their hands the day and
year first above written.

Signed by the Vendor )


in the presence of: ) ……………………..…………………….
LIM HOCK GUAN
(NRIC NO: 700121-01-6373 /
A1702256))

Signed by the Purchaser )


)
in the presence of: ) …………………………..…………………….
LEE YIP KONG
(NRIC NO: 800429-06-5062)

……………………………………………….
KONG SOOK CHING
(NRIC NO: 830907-06-5762)
Messrs Kevin & Co
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FIRST SCHEDULE

SECTION 1 DATE OF AGREEMENT

The day of

SECTION 2 VENDOR'S NAME AND PARTICULARS

LIM HOCK GUAN


(NRIC No. 700121-01-6373 / A1702256)
No.23, Lorong Jintan 4
Taman Supreme, Cheras
56100 Kuala Lumpur

SECTION 3 PURCHASER’S NAME AND PARTICULARS

LEE YIP KONG


(NRIC No. 800429-06-5065)
No 11, Jalan Awana 25,
Taman Cheras Awana,
43200 Batu 9 Cheras
Selangor.

KONG SOOK CHING


(NRIC NO: 830907-06-5762)
No.74-A
Kampong Bukit Koman
27600 Raub,
Pahang.

SECTION 4 DESCRIPTION OF THE SAID PROPERTY

All that parcel of a one (1) unit of Double Storey terrace House held
under Individual Title HS(D) 63448 PT. No. 28706 (Lot No: 4-33A), in
the Mukim of Cheras, Daerah Ulu Langat, Negeri Selangor Darul Ehsan
measuring approximately 133 square meter in area bearing postal address
No.47, Jalan 4/5 Segar Perdana, 43200 Cheras Selangor.

SECTION 5 RESTRICTION IN INTEREST & ENCUMBRANCES

Restriction in Interest

“Tanah yang diberi milik ini tidak boleh dipindahmilik, dipajak atau
digadai melainkan dengan kebenaran Pihak Berkuasa Negeri”

Encumbrance
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Nil

SECTION 6 NAME AND PARTICULARS OF VENDOR'S SOLICITORS

Nil

SECTION 7 NAME AND PARTICULARS OF STAKEHOLDER

Messrs Kevin & Co


Advocates & Solicitors
Block G-1-3A, Setiawalk,
Persiaran Wawasan,
47160 Puchong,
Selangor Darul Ehsan.

SECTION 8 PURCHASE PRICE

Ringgit Malaysia One Million (RM 580,000.00) only

SECTION 9 DEPOSIT SUM

A total of Ringgit Malaysia Ten Thousand (RM 11,600.00) only which


shall be paid in the following manner:

a) the sum of Ringgit Malaysia Ten Thousand (RM 11,600.00)


only has been earlier paid by the Purchaser to the Vendor’s
agent, GS Realty Sdn Bhd the receipt of which the Vendor
acknowledges as part payment towards the Purchase Price of the
said Property; and

b) the balance sum of Ringgit Malaysia Ninety Thousand


(RM568,400.00) only shall be paid by the Purchaser to the
Vendor’s Solicitors as stakeholders upon execution of this
Agreement, the receipt of which the Vendor acknowledges
receipt, with express authority to the Vendor’s Solicitors to
release the same to the Vendor upon the Purchaser’s Solicitors
receipt of a copy of the Consent to Transfer.

SECTION 10 BALANCE SUM

Ringgit Malaysia Nine Hundred Thousand (RM 568,400.00) only

SECTION 11 COMPLETION DATE

Three (3) months from the date of this Agreement or three (3) months
from the date a certified true copy of the Consent to Transfer in favour of
the Purchaser pursuant to Clause 3.1 is obtained by the Purchaser’s
Solicitors, whichever shall be the later.
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SECTION 12 EXTENDED COMPLETION DATE

One (1) month from the expiry of the Completion Date.

SECTION 13 INTEREST RATE FOR EXTENSION

Eight per centum (8%) per annum.

SECTION 14 ADDITIONAL CONDITIONS FOR RELEASE OF BALANCE


SUM

i. Vacant possession of the said Property shall have first been


delivered to the Purchaser; and

ii. All the Outgoings together with any penalty charges (if any)
shall have been first paid and settled.

SECTION 15 REAL PROPERTY GAINS TAX RETENTION SUM

Nil

SECTION 16 LIQUIDATED DAMAGES IN FAVOUR OF PURCHASER

Ringgit Malaysia One Hundred Thousand (RM100,000.00) only

SECTION 17 LIQUIDATED DAMAGES IN FAVOUR OF VENDOR


Ringgit Malaysia One Hundred Thousand (RM100,000.00) only

SECTION 18 LIQUIDATED DAMAGES FOR LATE DELIVERY OF VACANT


POSSESSION

Eight per centum (8%) per annum of the Purchase Price calculated on a
day to day basis.

SECTION 19 SPECIAL CONDITIONS

Nil

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