This document summarizes Malaysian laws regarding housing development and property assignments. It outlines homeowners' rights to take legal action against developers and details requirements for property assignments. Developers must maintain accurate ownership records and provide confirmation upon request. Absolute assignments no longer require developer consent with proper notice. Developers and others can face penalties for non-compliance or knowingly aiding illegal acts around property transfers, payments, and construction certifications. The Minister may establish regulations on advertising, project names, contract forms, payments to developers, and exemptions.
This document provides an overview and summary of key sections under the Transfer of Property Act (TOPA) related to mortgage rights and securitization. It discusses:
1) Sections 68-69 which outline the rights of a mortgagee to sue for mortgage money in specific cases and the power of sale without court intervention if certain conditions are met.
2) Section 69A which allows a mortgagee to appoint a receiver to collect income from mortgaged property, outlines the receiver's powers and responsibilities, and how income received is to be applied.
3) It provides context that TOPA established the framework for mortgagee rights in India that the SARFAESI Act later built upon, allowing secured creditors to sell
This document is the Realty Installment Buyer Protection Act, which aims to protect buyers of real estate purchased through installment payments. It declares protecting buyers from oppressive conditions as public policy. The key provisions are that buyers who have paid at least two years of installments have the right to a grace period of one month for every year paid if they default, and are entitled to a 50-80% cash refund of payments if the contract is cancelled. Sellers must give buyers under two years of payments at least 60 days to become current before cancellation.
INTELLECTUAL PROPERTY SALE AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
Chicago Municipal Code Chapter 5-14 | Aaron Krolik Law OfficeAaronKrolikLawOffice
This document summarizes a municipal code from Chicago that aims to protect tenants living in residential properties affected by foreclosure. It establishes requirements for owners of foreclosed rental properties regarding notifying tenants of their rights, paying relocation assistance, registering the property with the city, and preventing tenants from waiving their rights. Tenants can take legal action to enforce these provisions and are entitled to damages and legal fees if successful. The purpose is to prevent displacement of tenants and neighborhood destabilization due to foreclosures.
Assignment of real estate purchase agreement for use by wholesalers.
Disclaimer - Attorney Advertising.
No Attorney-Client Relationship is created by use of this website, profile, or samples contained herein.
Recommendations contained herein are intended to provide information about the activities and experience of this attorney and they are not intended as legal advice or as a guarantee of the same or similar results.
Virginia Residential Property Disclosure 2010 VersionMatthew Rathbun
The document is a residential property disclosure statement required by Virginia law to be provided by a property seller to a buyer. It summarizes that the seller makes no representations about the condition of the property or adjacent parcels. It advises the buyer to conduct due diligence inspections. The statement also discloses whether the property is affected by historic district ordinances, resource protection areas, sexual offenders, dam inundation zones, wastewater systems, or building code violations.
The Specific Relief of Act 1877
The Law of Limitation Act, 1908
ARNAB KUMAR DAS
Port City International University,
Chittagong, Bangladesh.
SID: LLB 00305037
This document provides an overview and summary of key sections under the Transfer of Property Act (TOPA) related to mortgage rights and securitization. It discusses:
1) Sections 68-69 which outline the rights of a mortgagee to sue for mortgage money in specific cases and the power of sale without court intervention if certain conditions are met.
2) Section 69A which allows a mortgagee to appoint a receiver to collect income from mortgaged property, outlines the receiver's powers and responsibilities, and how income received is to be applied.
3) It provides context that TOPA established the framework for mortgagee rights in India that the SARFAESI Act later built upon, allowing secured creditors to sell
This document is the Realty Installment Buyer Protection Act, which aims to protect buyers of real estate purchased through installment payments. It declares protecting buyers from oppressive conditions as public policy. The key provisions are that buyers who have paid at least two years of installments have the right to a grace period of one month for every year paid if they default, and are entitled to a 50-80% cash refund of payments if the contract is cancelled. Sellers must give buyers under two years of payments at least 60 days to become current before cancellation.
INTELLECTUAL PROPERTY SALE AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
Chicago Municipal Code Chapter 5-14 | Aaron Krolik Law OfficeAaronKrolikLawOffice
This document summarizes a municipal code from Chicago that aims to protect tenants living in residential properties affected by foreclosure. It establishes requirements for owners of foreclosed rental properties regarding notifying tenants of their rights, paying relocation assistance, registering the property with the city, and preventing tenants from waiving their rights. Tenants can take legal action to enforce these provisions and are entitled to damages and legal fees if successful. The purpose is to prevent displacement of tenants and neighborhood destabilization due to foreclosures.
Assignment of real estate purchase agreement for use by wholesalers.
Disclaimer - Attorney Advertising.
No Attorney-Client Relationship is created by use of this website, profile, or samples contained herein.
Recommendations contained herein are intended to provide information about the activities and experience of this attorney and they are not intended as legal advice or as a guarantee of the same or similar results.
Virginia Residential Property Disclosure 2010 VersionMatthew Rathbun
The document is a residential property disclosure statement required by Virginia law to be provided by a property seller to a buyer. It summarizes that the seller makes no representations about the condition of the property or adjacent parcels. It advises the buyer to conduct due diligence inspections. The statement also discloses whether the property is affected by historic district ordinances, resource protection areas, sexual offenders, dam inundation zones, wastewater systems, or building code violations.
The Specific Relief of Act 1877
The Law of Limitation Act, 1908
ARNAB KUMAR DAS
Port City International University,
Chittagong, Bangladesh.
SID: LLB 00305037
This document is a tenancy agreement between a landlord and tenant. It details the terms of the rental of a property located at the address specified. The key terms are:
- The tenancy is for a fixed term of 2.5 years, from the start date to end date specified.
- The tenant agrees to pay monthly rent and utility deposits as specified upfront and on the 7th of each month.
- The duties of both landlord and tenant are outlined, including repairs, notices, and yielding of property at end of term.
- Breach of agreement terms, such as non-payment or unauthorized alterations, allows the landlord to issue a notice and potentially repossess the property.
This tenancy agreement is between landlord Chong Hon Chan and tenant Huang Ying Heng for the rental of the property at No. 48, Jalan PP 3/13, Taman Putra Prima, 47130 Puchong, Selangor from February 1, 2013 to January 31, 2014 at a monthly rental of RM1000. The tenant pays a security deposit of RM2000 and a utility deposit of RM500. The tenant agrees to use the property for residential purposes only and give two months' notice if wanting to terminate before the end of the term.
This tenancy agreement is between landlord Chong Hon Chan and tenant Huang Ying Heng for the rental of the property at No. 48, Jalan PP 3/13, Taman Putra Prima, 47130 Puchong, Selangor from February 1, 2013 to January 31, 2014 at a monthly rental of RM1000. The tenant pays a security deposit of RM2000 and a utility deposit of RM500. The tenant agrees to use the property for residential purposes only and give two months' notice if wanting to terminate before the expiration of the tenancy period.
SALE AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
ASSIGNMENT ON – “THE ACQUISITION AND REQUISITION OF IMMOVABLE PROPERTY ORDI...Asian Paint Bangladesh Ltd
The document is the Acquisition and Requisition of Immovable Property Ordinance of 1982 from Pakistan. It establishes procedures for the government to acquire private property for public purposes. Some key points:
- It allows the Deputy Commissioner to publish notices for properties proposed for acquisition. Owners can object within 15 days and the Deputy Commissioner must hear objections.
- For properties over 50 standard bighas, the Divisional Commissioner makes the final decision. For smaller properties, the Deputy Commissioner decides.
- Once acquisition is approved, the Deputy Commissioner issues notices, determines compensation, and apportions it among interested parties. Compensation considers the property value and any damages from losing the land.
ASSIGNMENT ON – “THE ACQUISITION AND REQUISITION OF IMMOVABLE PROPERTY ORDI...Asian Paint Bangladesh Ltd
The document is an ordinance from 1982 that consolidates and amends laws relating to the acquisition and requisition of immovable property in Pakistan. Some key points:
- It gives the Deputy Commissioner powers to acquire private property for public purposes, including publishing notices, hearing objections, making awards of compensation, and taking possession of the property.
- The compensation process involves determining the market value of the property, considering factors like crops/trees and severing other lands, and includes a 50% premium on top of market value.
- Certain matters like urgency of acquisition or owner's unwillingness cannot be considered in determining compensation.
- The required person or entity must deposit the estimated compensation within 60 days for the
This document summarizes the Assam Urban Area Rent Control Act of 1972, which aims to fix fair house rents in urban areas and protect tenants from arbitrary eviction. It defines key terms like landlord, tenant, house, and standard rent. Standard rent is set as 7.5% of the total construction and market costs. Rent can only be increased by 50% every 5 years. The act lays out circumstances for eviction and allows tenants to make repairs if landlords fail to. It also establishes the right to appeal decisions made under the act.
This document summarizes changes made to the Notaries Ordinance of Sri Lanka through several amendments. Key points:
- Notaries must be appointed by warrant from the Minister, specifying their authorized practice area and language(s). Attorneys-at-law who pass certain exams are automatically entitled to a notary warrant.
- Other applicants must meet qualifications including good character, minimum age, legal training/experience, and passing an exam.
- Notaries must have an office in their authorized area, give a security deposit, and are subject to oversight including potential suspension or warrant cancellation for misconduct.
- Procedures are established for notary registration and oversight by courts, and penalties are defined for
This is a sale and purchase agreement between Shahnaz Irwani binti Sabri and Wan Siti Kamaliah binti Wan Jaffar for a property located in Selangor, Malaysia. The purchase price is RM500,000, with RM50,000 paid as a deposit and the balance to be paid within 3 months of receiving consent from the State Authority. The agreement outlines terms regarding payment of costs, delivery of vacant possession, default by either party, and other standard clauses for property sale and purchase agreements.
Adoption Agreement of Purchase and Supply Sample (Purchase this doc, Text: 08...GLC
This document is an adoption agreement between a purchaser and supplier to adopt the terms of a master agreement for the supply of goods. Key points:
- The adoption agreement makes the purchaser and supplier subject to the terms of the attached master agreement as if they were direct parties to it.
- The agreement contains stipulations that modify some terms of the master agreement, such as the effective date, definition of purchase orders, acceptance of liquidated damages, and governing law.
- Extensive additional obligations of the supplier are attached as exhibits, including safety, insurance, and compliance with laws regarding hazardous materials, bribery, and exports.
This document is the Protecting Tenants at Foreclosure Act of 2009 which establishes protections for renters when a property is foreclosed upon. It requires the new owner to honor existing leases, giving at least 90 days notice to end any month-to-month tenancies. Exceptions are made if the new owner will occupy the property as a primary residence. The act also protects tenants with Section 8 subsidies, and expires on December 31, 2012.
La planning dept. home sharing ordinance draft #1 4 15-16Robert StGenis
This ordinance amends the Los Angeles Municipal Code to establish regulations for home-sharing and short-term rentals. It defines key terms like "home-sharing" and "hosting platform." It establishes a home-sharing registration process and sets eligibility rules. It prohibits certain home-sharing activities and requires hosts and hosting platforms to meet various requirements. The ordinance also establishes fines for violations by hosts or hosting platforms. If approved, it would regulate home-sharing while allowing homeowners to share their primary residences.
This ordinance amends the Los Angeles Municipal Code to permit home-sharing and establish regulations. It defines home-sharing as the short-term rental of a host's primary residence for 30 days or less. It establishes a home-sharing registration process and sets eligibility requirements. It prohibits certain home-sharing activities and establishes requirements for hosts and hosting platforms. It also establishes fines for violations.
The Specific Relief of Act 1877
The Law of Limitation Act, 1908
ARNAB KUMAR DAS
Port City International University,
Chittagong, Bangladesh.
SID: LLB 00305037
The document is a services agreement between Christian Reed (Independent Contractor) and Kwende Reid (Contractor) to promote Kwende's literary works from January 25, 2011 to June 25, 2011. The agreement outlines the scope of services such as promoting Kwende's works on social media, gaining media coverage, booking performances, and producing an infomercial. It also details payment terms including a $400 deposit and $1000 monthly fee paid by Kwende to Christian. The addendum provides tasks and deadlines for branding, introduction to the public, product packaging/placement, and a launch event.
This document discusses various remedies available to unpaid mortgagees and guarantors under Ugandan law. It outlines:
1) Remedies for unpaid mortgagees include requiring payment, appointing a receiver, leasing or subleasing the mortgaged property, entering possession, and selling the property. Proper notice must be given and the mortgagee can pursue any or all remedies.
2) The rights of guarantors include benefitting from any securities the creditor holds against the principal debtor and the right to indemnity or discharge.
3) The procedure for mortgagee remedies generally requires serving notice of default, then pursuing a chosen remedy such as requiring payment or selling the property. Guarantors
This Bill is an important enabling legislation that seeks to allow Jamaica to access both local and international investment in a sector of the resort industry that has become well established in many major tourism markets around the world.
The Bill seeks to give legal recognition to timeshare vacation schemes in the form of right-to-use agreements, which are timeshare contracts and deeds issued in respect thereof. It also regulates the marketing, promotion and provision of timeshare accommodation.
The Bill also provides for the licensing of agents of proprietors of timeshare plans; the registering of the timeshare plans under which the accommodation is offered; and standardizing of information to be provided to purchasers before they enter into any timeshare contract.
It also provides for a withdrawal period to purchasers after entry into timeshare contracts; and the management of timeshare plans.
The document summarizes the legal responsibilities and obligations of a promoter who constructs or intends to construct apartment buildings to sell individual flats. It outlines that the promoter must:
1. Make full disclosure about the title and any encumbrances on the land, and allow inspection of approved building plans.
2. Disclose the nature of fixtures, fittings, amenities and construction details. Specify possession dates and prepare a list of flats sold.
3. Disclose the organization that will govern flat owners and not allow possession until required certificates. Make full disclosure of outgoings and other prescribed information.
This document is an Act passed by the Indian Parliament to regulate chit funds. Some key points:
- It defines important terms related to chit funds such as foreman, subscriber, chit amount, prize amount, etc.
- It requires all chits to be sanctioned by the state government and registered according to this Act in order to be commenced or conducted legally.
- It prohibits the invitation of subscriptions without meeting certain conditions like obtaining required sanctions.
- It specifies the necessary particulars that must be included in the chit agreement document signed by subscribers and foreman, such as subscriber details, installment amounts, manner of determining prized subscriber, etc.
FINANCING AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
The presentation deals with the concept of Right to Default Bail laid down under Section 167 of the Code of Criminal Procedure 1973 and Section 187 of Bharatiya Nagarik Suraksha Sanhita 2023.
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Similar to HOUSING DEVELOPMENT (CONTROL & LICENSING) ACT 1966 (2007).pdf
This document is a tenancy agreement between a landlord and tenant. It details the terms of the rental of a property located at the address specified. The key terms are:
- The tenancy is for a fixed term of 2.5 years, from the start date to end date specified.
- The tenant agrees to pay monthly rent and utility deposits as specified upfront and on the 7th of each month.
- The duties of both landlord and tenant are outlined, including repairs, notices, and yielding of property at end of term.
- Breach of agreement terms, such as non-payment or unauthorized alterations, allows the landlord to issue a notice and potentially repossess the property.
This tenancy agreement is between landlord Chong Hon Chan and tenant Huang Ying Heng for the rental of the property at No. 48, Jalan PP 3/13, Taman Putra Prima, 47130 Puchong, Selangor from February 1, 2013 to January 31, 2014 at a monthly rental of RM1000. The tenant pays a security deposit of RM2000 and a utility deposit of RM500. The tenant agrees to use the property for residential purposes only and give two months' notice if wanting to terminate before the end of the term.
This tenancy agreement is between landlord Chong Hon Chan and tenant Huang Ying Heng for the rental of the property at No. 48, Jalan PP 3/13, Taman Putra Prima, 47130 Puchong, Selangor from February 1, 2013 to January 31, 2014 at a monthly rental of RM1000. The tenant pays a security deposit of RM2000 and a utility deposit of RM500. The tenant agrees to use the property for residential purposes only and give two months' notice if wanting to terminate before the expiration of the tenancy period.
SALE AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
ASSIGNMENT ON – “THE ACQUISITION AND REQUISITION OF IMMOVABLE PROPERTY ORDI...Asian Paint Bangladesh Ltd
The document is the Acquisition and Requisition of Immovable Property Ordinance of 1982 from Pakistan. It establishes procedures for the government to acquire private property for public purposes. Some key points:
- It allows the Deputy Commissioner to publish notices for properties proposed for acquisition. Owners can object within 15 days and the Deputy Commissioner must hear objections.
- For properties over 50 standard bighas, the Divisional Commissioner makes the final decision. For smaller properties, the Deputy Commissioner decides.
- Once acquisition is approved, the Deputy Commissioner issues notices, determines compensation, and apportions it among interested parties. Compensation considers the property value and any damages from losing the land.
ASSIGNMENT ON – “THE ACQUISITION AND REQUISITION OF IMMOVABLE PROPERTY ORDI...Asian Paint Bangladesh Ltd
The document is an ordinance from 1982 that consolidates and amends laws relating to the acquisition and requisition of immovable property in Pakistan. Some key points:
- It gives the Deputy Commissioner powers to acquire private property for public purposes, including publishing notices, hearing objections, making awards of compensation, and taking possession of the property.
- The compensation process involves determining the market value of the property, considering factors like crops/trees and severing other lands, and includes a 50% premium on top of market value.
- Certain matters like urgency of acquisition or owner's unwillingness cannot be considered in determining compensation.
- The required person or entity must deposit the estimated compensation within 60 days for the
This document summarizes the Assam Urban Area Rent Control Act of 1972, which aims to fix fair house rents in urban areas and protect tenants from arbitrary eviction. It defines key terms like landlord, tenant, house, and standard rent. Standard rent is set as 7.5% of the total construction and market costs. Rent can only be increased by 50% every 5 years. The act lays out circumstances for eviction and allows tenants to make repairs if landlords fail to. It also establishes the right to appeal decisions made under the act.
This document summarizes changes made to the Notaries Ordinance of Sri Lanka through several amendments. Key points:
- Notaries must be appointed by warrant from the Minister, specifying their authorized practice area and language(s). Attorneys-at-law who pass certain exams are automatically entitled to a notary warrant.
- Other applicants must meet qualifications including good character, minimum age, legal training/experience, and passing an exam.
- Notaries must have an office in their authorized area, give a security deposit, and are subject to oversight including potential suspension or warrant cancellation for misconduct.
- Procedures are established for notary registration and oversight by courts, and penalties are defined for
This is a sale and purchase agreement between Shahnaz Irwani binti Sabri and Wan Siti Kamaliah binti Wan Jaffar for a property located in Selangor, Malaysia. The purchase price is RM500,000, with RM50,000 paid as a deposit and the balance to be paid within 3 months of receiving consent from the State Authority. The agreement outlines terms regarding payment of costs, delivery of vacant possession, default by either party, and other standard clauses for property sale and purchase agreements.
Adoption Agreement of Purchase and Supply Sample (Purchase this doc, Text: 08...GLC
This document is an adoption agreement between a purchaser and supplier to adopt the terms of a master agreement for the supply of goods. Key points:
- The adoption agreement makes the purchaser and supplier subject to the terms of the attached master agreement as if they were direct parties to it.
- The agreement contains stipulations that modify some terms of the master agreement, such as the effective date, definition of purchase orders, acceptance of liquidated damages, and governing law.
- Extensive additional obligations of the supplier are attached as exhibits, including safety, insurance, and compliance with laws regarding hazardous materials, bribery, and exports.
This document is the Protecting Tenants at Foreclosure Act of 2009 which establishes protections for renters when a property is foreclosed upon. It requires the new owner to honor existing leases, giving at least 90 days notice to end any month-to-month tenancies. Exceptions are made if the new owner will occupy the property as a primary residence. The act also protects tenants with Section 8 subsidies, and expires on December 31, 2012.
La planning dept. home sharing ordinance draft #1 4 15-16Robert StGenis
This ordinance amends the Los Angeles Municipal Code to establish regulations for home-sharing and short-term rentals. It defines key terms like "home-sharing" and "hosting platform." It establishes a home-sharing registration process and sets eligibility rules. It prohibits certain home-sharing activities and requires hosts and hosting platforms to meet various requirements. The ordinance also establishes fines for violations by hosts or hosting platforms. If approved, it would regulate home-sharing while allowing homeowners to share their primary residences.
This ordinance amends the Los Angeles Municipal Code to permit home-sharing and establish regulations. It defines home-sharing as the short-term rental of a host's primary residence for 30 days or less. It establishes a home-sharing registration process and sets eligibility requirements. It prohibits certain home-sharing activities and establishes requirements for hosts and hosting platforms. It also establishes fines for violations.
The Specific Relief of Act 1877
The Law of Limitation Act, 1908
ARNAB KUMAR DAS
Port City International University,
Chittagong, Bangladesh.
SID: LLB 00305037
The document is a services agreement between Christian Reed (Independent Contractor) and Kwende Reid (Contractor) to promote Kwende's literary works from January 25, 2011 to June 25, 2011. The agreement outlines the scope of services such as promoting Kwende's works on social media, gaining media coverage, booking performances, and producing an infomercial. It also details payment terms including a $400 deposit and $1000 monthly fee paid by Kwende to Christian. The addendum provides tasks and deadlines for branding, introduction to the public, product packaging/placement, and a launch event.
This document discusses various remedies available to unpaid mortgagees and guarantors under Ugandan law. It outlines:
1) Remedies for unpaid mortgagees include requiring payment, appointing a receiver, leasing or subleasing the mortgaged property, entering possession, and selling the property. Proper notice must be given and the mortgagee can pursue any or all remedies.
2) The rights of guarantors include benefitting from any securities the creditor holds against the principal debtor and the right to indemnity or discharge.
3) The procedure for mortgagee remedies generally requires serving notice of default, then pursuing a chosen remedy such as requiring payment or selling the property. Guarantors
This Bill is an important enabling legislation that seeks to allow Jamaica to access both local and international investment in a sector of the resort industry that has become well established in many major tourism markets around the world.
The Bill seeks to give legal recognition to timeshare vacation schemes in the form of right-to-use agreements, which are timeshare contracts and deeds issued in respect thereof. It also regulates the marketing, promotion and provision of timeshare accommodation.
The Bill also provides for the licensing of agents of proprietors of timeshare plans; the registering of the timeshare plans under which the accommodation is offered; and standardizing of information to be provided to purchasers before they enter into any timeshare contract.
It also provides for a withdrawal period to purchasers after entry into timeshare contracts; and the management of timeshare plans.
The document summarizes the legal responsibilities and obligations of a promoter who constructs or intends to construct apartment buildings to sell individual flats. It outlines that the promoter must:
1. Make full disclosure about the title and any encumbrances on the land, and allow inspection of approved building plans.
2. Disclose the nature of fixtures, fittings, amenities and construction details. Specify possession dates and prepare a list of flats sold.
3. Disclose the organization that will govern flat owners and not allow possession until required certificates. Make full disclosure of outgoings and other prescribed information.
This document is an Act passed by the Indian Parliament to regulate chit funds. Some key points:
- It defines important terms related to chit funds such as foreman, subscriber, chit amount, prize amount, etc.
- It requires all chits to be sanctioned by the state government and registered according to this Act in order to be commenced or conducted legally.
- It prohibits the invitation of subscriptions without meeting certain conditions like obtaining required sanctions.
- It specifies the necessary particulars that must be included in the chit agreement document signed by subscribers and foreman, such as subscriber details, installment amounts, manner of determining prized subscriber, etc.
FINANCING AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
Similar to HOUSING DEVELOPMENT (CONTROL & LICENSING) ACT 1966 (2007).pdf (20)
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Comparative analysis of ipc and bharitye Naya sahinta
HOUSING DEVELOPMENT (CONTROL & LICENSING) ACT 1966 (2007).pdf
1. 4/22/22, 5:03 PM HOUSING DEVELOPMENT (CONTROL & LICENSING) ACT 1966 (2007)
https://www.hba.org.my/laws/hda/2007/ACT118(2007).htm#22D.%C2%A0%C2%A0Assignment. 23/25
default done or committed by him in such capacity.
BACK TO THE TOP
22C. Right to initiate and maintain actions.
Notwithstanding anything contained in any written law or any rule of law, agreement, assignment or charge lawfully entered into between a
homebuyer as defined in section 16A and his financier, a homebuyer shall be entitled on his own volition and in his own name to initiate,
commence, institute and maintain in any court or tribunal any action, suit or proceeding against a housing developer or any other person in
respect of any matter arising out of the sale and purchase agreement entered into between the homebuyer and the housing developer provided
the homebuyer's financier under a deed of absolute assignment is notified in writing either before or within fourteen days after the action, suit
or proceeding against the housing developer has been filed before any court or tribunal.
22D. Assignment.
(1) For the avoidance of any doubt, an absolute assignment in writing, under the hand of the assignor of the housing accommodation, not
purporting to be by way of charge only, of the proprietary right or interest in the housing accommodation and the legal chose in action in the
sale and purchase agreement in respect of a housing accommodation, of which express notice in writing has been given to the housing
developer by the assignor in the manner set out in subsection (2) shall be deemed to have been effectual in law to pass and transfer the
proprietary right, interest, chose in action and all legal and other remedies for the same to the assignee, from the date of the receipt of such
notice by the housing developer, and the concurrence of the housing developer shall not be required.
(2) Subject to subsection (8), every notice of assignment given to the housing developer pursuant to subsection (1) shall be delivered by the
assignor or his solicitors to the housing developer at or after the completion of the sale and purchase between the assignor and the new
purchaser of the housing accommodation and shall be accompanied by-
(a) duly stamped sale and purchase agreement between the assignor and the new purchaser of the housing accommodation, if any;
(b) duly executed deed of absolute assignment between the assignor and the new purchaser of the housing accommodation together, if
applicable, with a letter of undertaking from the new purchaser or the new purchaser's financier, as the case may be, to deliver the duly
stamped deed of absolute assignment within fourteen days after the same has been stamped;
(c) full payment of all sums and outgoings due to the housing developer under the sale and purchase agreement.
(3) A housing developer shall keep and maintain an up-to-date, proper and accurate register of all purchasers of the housing accommodation
until separate or strata titles for all the housing accommodation in the housing development have been issued by the appropriate authority and
registered in the names of all the purchasers of the housing accommodation in that housing development.
(4) The housing developer shall provide all necessary and accurate confirmation of the records in the register whenever requested by a
purchaser of the housing accommodation or his solicitors or his financier or his financier's solicitors subject to a payment of a fee not
exceeding fifty ringgit or such amount as may be prescribed from time to time for meeting every request for confirmation in respect of all of
the following:
(a) full particulars of the housing accommodation;
(b) the postal address of the housing accommodation;
(c) the current purchaser of the housing accommodation;
(d) the current chargee or assignee of the housing accommodation;
(e) the total amount due to the developer under the sale and purchase agreement as at the date of the confirmation; and
(f) such other matter as may be prescribed from time to time.
(5) Any person who requires any consent from a housing developer to any absolute assignment or assignment by way of charge in
contravention of subsection (2) shall be guilty of an offence and shall, on conviction, be liable to a fine which shall not be less than fifty
thousand ringgit but which shall not exceed one hundred thousand ringgit or to imprisonment for a term not exceeding three years or to both.
(6) Any housing developer who-
(a) requires any consent to any absolute assignment in contravention of subsection (1);
(b) imposes any condition to any absolute assignment or assignment by way of charge including requiring the new purchaser to
execute any additional agreement or make any other payment in contravention of this section;
(c) fails to comply with subsection (3); or
(d) fails or refuses to provide any confirmation in contravention of subsection (4) or imposes any condition or any other fee in respect
of any matter arising from subsection (4), shall be guilty of an offence and shall, on conviction, be liable to a fine which shall not be
less than fifty thousand ringgit but which shall not exceed one hundred thousand ringgit or to imprisonment for a term not exceeding
three years or to both.
(7) For the purpose of this section, references to "new purchaser" wherever appearing shall include a purchaser's financier or any beneficiary
under the estate of a deceased purchaser or an assignee under an absolute assignment whether with or without consideration.
2. 4/22/22, 5:03 PM HOUSING DEVELOPMENT (CONTROL & LICENSING) ACT 1966 (2007)
https://www.hba.org.my/laws/hda/2007/ACT118(2007).htm#22D.%C2%A0%C2%A0Assignment. 24/25
(8) The expression "completion of the sale and purchase" in subsection (2) in relation to a deed of absolute assignment executed in favour of a
purchaser's financier or any beneficiary under the estate of a deceased purchaser or an assignee under an absolute assignment whether with or
without consideration not in pursuance of a sale and purchase agreement shall mean the date of that deed of absolute assignment in which
case paragraph (2)(a) shall not apply.
(9) This section shall apply to any housing accommodation where separate or strata title for the housing accommodation has not been issued
by the appropriate authority.
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22E. Release of moneys by a stakeholder.
(1) Any stakeholder who releases any money to a housing developer or to any other person knowing that such an act is contrary to the
provisions of the sale and purchase agreement shall be guilty of an offence and shall, on conviction, be liable to a fine which shall not be less
than ten thousand ringgit but which shall not exceed one hundred thousand ringgit or to imprisonment for a term not exceeding five years or
to both.
(2) Any person who knowingly and wilfully aids, abets, counsels, procures or commands the commission of an offence against subsection (1)
shall be liable to be punished with the punishment provided for the offence.
22F. Progress certification.
(1) Any architect or engineer, as the case may be, who issues a progress certification knowing that the works therein referred to have not been
completed in accordance with the provisions of the sale and purchase agreement shall be guilty of an offence and shall, on conviction, be
liable to a fine which shall not be less than ten thousand ringgit but which shall not exceed one hundred thousand ringgit or to imprisonment
for a term not exceeding five years or to both.
(2) Any person who knowingly and willfully aids, abets, counsels, procures or commands the commission of an offence under subsection (1)
shall be liable to be punished with the punishment provided for the offence.
23. Prosecution.
No prosecution for any offence under this Act shall be instituted save by or under the direction of or with the consent of the Public Prosecutor.
23A. Power to compound.
(1) The Controller may compound any offence against this Act or any regulations made under this Act which has been prescribed under
paragraph 24(2)(i) to be a compoundable offence by collecting from the person reasonably suspected of having committed the offence a sum
of money not exceeding the maximum fine prescribed for that offence.
(2) Where an offence has been compounded under subsection (1), no prosecution shall thereafter be instituted in respect of the compounded
offence.
(3) Any moneys paid to the Controller under this section shall be paid into and form part of the Consolidated Fund.
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24. Powers to make regulations.
(1) Subject to this section, the Minister may make regulations for the purpose of carrying into effect the provisions of this Act.
(2) In particular and without prejudice to the generality of the foregoing power, the regulations may -
(a) regulate the advertisement of a licensed housing developer;
(b) regulate the use of names of housing estates developed by a licensed housing developer;
(c) prescribe the form or forms of contracts which shall be used by a licensed housing developer, his agent, nominee or purchaser both
as a condition of the grant of a licence under this Act or otherwise;
(d) regulate payments (under whatever name these may be described) which may be made by a purchaser either before, during or after
the construction or completion
of the house, flat or other accommodation for which that purchaser is required to make the payments,
including the amount of the payments, the time when the payments become due and conditions that shall be fulfilled by a licensed
housing developer before he may ask for the payments;
(e) regulate and prohibit the conditions and terms of any contract between a licensed housing developer, his agent or nominee and his
purchaser;
(f) prescribe the fees which are payable under this Act;
(g) prescribe that any act or omission in contravention of any of the regulations shall be an offence and provide for the penalties
therefor either by way of fine or imprisonment or both: provided that any fine so provided shall not exceed twenty thousand ringgit
and a term of imprisonment so provided shall not exceed
five years, and in addition thereto may also provide for the cancellation and
suspension of a licence issued under this Act;