– 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.
For more information, please contact us or fill up the form.
