Access to the Property 1. We and our representatives shall only have access to the Property during the Vendor's normal business hours upon reasonable notice to the Vendor, at our sole risk and expense. Such site visits shall be conducted in the presence of a representative of the Vendor, in a manner that minimizes interference with the use of the Property and does not contravene any leases or unreasonably interfere with any Tenants. We and our representatives shall not have any communications with Tenants or their employees without the prior written approval of the Vendor and in the presence of a representative of the Vendor.
Condition of the Property THE LESSEE ACKNOWLEDGES AND AGREES THAT IT IS LEASING THE PROPERTY "AS IS" WITHOUT REPRESENTATION, WARRANTY OR COVENANT (EXPRESS OR IMPLIED) BY THE LESSOR AND SUBJECT TO (A) THE EXISTING STATE OF TITLE, (B) THE RIGHTS OF ANY PARTIES IN POSSESSION THEREOF, (C) ANY STATE OF FACTS WHICH AN ACCURATE SURVEY OR PHYSICAL INSPECTION MIGHT SHOW, AND (D) VIOLATIONS OF REQUIREMENTS OF LAW WHICH MAY EXIST ON THE DATE HEREOF OR ON THE ACQUISITION DATE. THE LESSOR HAS NOT MADE AND SHALL NOT BE DEEMED TO HAVE MADE ANY REPRESENTATION, WARRANTY OR COVENANT (EXPRESS OR IMPLIED) AND SHALL NOT BE DEEMED TO HAVE ANY LIABILITY WHATSOEVER AS TO THE TITLE (OTHER THAN FOR LESSOR LIENS), VALUE, HABITABILITY, USE, CONDITION, DESIGN, OPERATION, OR FITNESS FOR USE OF THE PROPERTY (OR ANY PART THEREOF), OR ANY OTHER REPRESENTATION, WARRANTY OR COVENANT WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO THE PROPERTY (OR ANY PART THEREOF) AND THE LESSOR SHALL NOT BE LIABLE FOR ANY LATENT, HIDDEN, OR PATENT DEFECT THEREIN (OTHER THAN FOR LESSOR LIENS) OR THE FAILURE OF THE PROPERTY, OR ANY PART THEREOF, TO COMPLY WITH ANY REQUIREMENT OF LAW.
LOCATION AND DESCRIPTION OF THE PROPERTY The subject property is located on the condominium building known as Block A1, Residensi Hijauan at Xxxxx Xxxxxxx 00/0 xxxxxx Xxxxxxx 00 xx Xxxx Xxxx, Xxxxxxxx Xxxxx Xxxxx. The subject property is a 3 bedroom condominium identified as Xxxxxx Xx. 000, Xxxxxx Xx. 00, Xxxxxxxx Xx. M1-A together with Accessory Parcel No. A5 & A769 (previously Parcel No. A1-13-03A, Building No. Block A1, Type: A together with Accessory Parcel of Car Park No. 2-14 & E-10, Residensi Hijauan) and bearing postal address at Unit No. X0-00-00X, Xxxxx X0, Xxxxxxxxx Xxxxxxx, Xxxxx Xxxxxxx 00/0, Xxxxxxx 00, 00000 Xxxx Xxxx, Xxxxxxxx Xxxxx Xxxxx. RESERVE PRICE The property will be sold on an “as is where is” basis, subject to a reserve price of RM428,000.00 (Ringgit Malaysia Four Hundred And Twenty Eight Thousand) only, subject to the Conditions of Sale and by way of an Assignment from the Assignee/Bank subject to consent being obtained by the successful bidder (“the Purchaser”) from the relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. Apportionment on any arrears of quit rent, assessment rate and maintenance charges ONLY which is lawfully due i.e. which is unpaid for up to maximum 6 years preceding the successful auction date in respect of the property up to the date of sale shall be paid by the Bank upon receipt of full auction proceeds and any such sums due and payable after the date of sale shall be borne by the Purchaser. Successful Bidder is urge to submit their claim to the Bank within sixty (60) days from the date of payment of balance purchase money (or any extended period allowed by the Bank); any subsequent claims made thereunder will not be entertained by the Bank and the same shall be borne by the Purchaser solely. The Assignee/Bank shall not be liable to make payment or to deduct from the proceeds of sale any outstanding utilities/bills relating to the property namely water, electricity, telephone, gas or sewerage charges, administration charges and other utilities. All other fees, costs and charges relating to the transfer and assignment of the property including any revival cost for abandoned project (if any) shall also be borne solely by the successful Purchaser. Intending Purchaser shall make his own inquiries in respect thereof and the Purchaser shall be deemed to have full knowledge of the same. Online bidders are further subject to the Terms & Conditions on xxx.xxxxxxxxx.xxx. All persons or parties intending to bid for the property are required to deposit with the Auctioneer, 15 minutes prior to the commencement of the Auction Sale, ten per centum (10%) of the Reserve Price or minimum of RM2,500.00 whichever is higher by a valid Bank Draft or Cashier’s Order drawn in favour of AFFIN BANK BERHAD. The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale to the Assignee/Bank. For online bidders please refer to the Terms & Conditions on xxx.xxxxxxxxx.xxx on the manner of payment of the deposit. For further particulars, please contact Messrs Xxxxxx Xxxxx Xxxxxxx, Xxxxxxxx Xxxxx & Partners, Solicitors for the Assignee/Bank herein whose address is at Xx. 00-0 & 00-0, 0xx & 0xx Xxxxx, XX 00/0X, Xxxxxx Xxxx, 00000 Xxxxxxxx Xxxx, Xxxxxxxx Xxxxx Xxxxx (Reference : MS/DIR/AA/SL23064-23/ABB-HL/Z, Telephone No : 00-0000 0000, Fax No : 00-0000 0000) or the undermentioned Auctioneer. XX XXXX XXX & CO. SDN. BHD. [ 200601018098 (737850-T) ] Xx. 0 & 0, Xxxxx 0, Xxxxx X, Xxxxx Xxxxxx XX, Xx. 00, Xxxxx Xxx Xxxx Xxxx, 50450 Kuala Lumpur LOW XXXX XXXX ROSEMAINI BINTI XXXXX XXXXX TELEPHONE NO HOTLINE E-MAIL WEBSITE OUR REFERENCE : 00-0000 0000 / FAX NO : 00-0000 0000 : 0000 00 0000 / 00-0000 0000 (Whatsapp) : xxxx@xxxxxxxxx.xxx : xxx.xxxxxxxxx.xxx : NCM/AFFIN/57819/23/my Licensed Auctioneers CONDITIONS OF SALE
Preservation, Maintenance, and Protection of the Property Inspections. Borrower will not destroy, damage, or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower must maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless Lender determines pursuant to Section 5 that repair or restoration is not economically feasible, Borrower will promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid to Lender in connection with damage to, or the taking of, the Property, Borrower will be responsible for repairing or restoring the Property only if Xxxxxx has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed, depending on the size of the repair or restoration, the terms of the repair agreement, and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person repairing or restoring the Property, or payable jointly to both. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower remains obligated to complete such repair or restoration. Lender may make reasonable entries upon and inspections of the Property. If Lender has reasonable cause, Xxxxxx may inspect the interior of the improvements on the Property. Lender will give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause.
