Individual Strata Title Sample Clauses

Individual Strata Title. Strata Title to the property has been issued. The property will be sold on an “as is where is” basis, subject to a reserve price of RM171,000.00 (RINGGIT MALAYSIA ONE HUNDRED SEVENTY ONE THOUSAND ONLY), subject to the Conditions of Sale and by way of an assignment from the above Assignee/Bank subject to consent being obtained by the successful bidder (“the Purchaser”) from the developer/proprietor and relevant authorities, if any, including all terms, conditions, stipulations and covenants which were and may be imposed by the relevant authority. All intending bidders are required to deposit a sum equivalent to 10% of the fixed reserve price by bank draft or cashier’s order in favour of Malayan Banking Berhad or remit the same through online banking transfer, one (1) working day before auction date with the undermentioned Auctioneer. Bidders please refer to the Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx on the manner of payment of the deposit. The Bank shall pay only the outstanding maintenance charges (including late penalty charges, sinking fund, quit rent and assessment) which is unpaid for up to a maximum of 6 years preceding the successful auction date, and subject always to a maximum amount as follows: • 50% of the reserve price for Commercial property • 100% of the reserve price for Residential property The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance charges, late penalty charges, sinking fund, quit rent and assessment by way of original receipt(s) and/or copy of the original receipt(s) duly certified by issuer of the said receipt(s) and itemized billing of the respective charges to the Assignee/Lender within ninety (90 days) from the date of the auction sale. All outstanding charges incurred after the date of successful auction shall be borne by the Successful Purchaser. For the avoidance of doubt, in the event such receipt(s) and itemized billing are not submitted, any subsequent claims made thereunder will not be entertained by the Assignee/Lender. Settlement of the balance purchase price: The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale by Bank Draft or Cashier’s Order drawn in favour of Malayan Banking Berhad or by way of XXXXXX directly into the account of Malayan Banking Berhad. For further particulars, please apply to Messrs. Zulpadli & Edham, Solicitors for the Assignee whose address for service at Xx. 00, Xxxxx Xxxxxxxxx Xxxxxx, 540...
Sample 1
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Individual Strata Title. Title Particulars: GRN 192055, Lot 3485, Pekan of Repah Jaya, District of Tampin, State of Negeri Sembilan Darul Khusus. Tenure: Interest in perpetuity Express Condition: “Tanah ini hendaklah digunakan untuk bangunan kediaman sahaja.” Restriction-In-Interest: Nil PROSPECTIVE BIDDERS ARE ADVISED TO INSPECT THE PROPERTY AND CONDUCT AND RELY ON THEIR OWN SEARCHES, ENQUIRIES, INVESTIGATIONS AND VERIFICATIONS ON THE ACCURACY AND CORRECTNESS OF THE PARTICULARS AND INFORMATION PROVIDED AND TO TAKE PROFESSIONAL ADVICE IN THAT REGARD PRIOR TO THE AUCTION. The Property will be sold by way of auction through the Auctioneer. The rights, title and interests to the Property will be conveyed to the Successful Purchaser upon completion of the sale. The Lender gives no warranty as to the accuracy or correctness of the information and statements contained in this Proclamation of Sale and the Conditions of Sale or as to the state or condition of the Property other than that the Lender is the lawful and beneficial assignee of the Property. Save as aforesaid, no representation/warranty is made by or implied against the Lender. The Assignee/Bank wherever mentioned in this Proclamation of Sale shall mean the Assignee/Bank and/or any financial institution’s, business, assets and liabilities which were transferred to and/or vested in and/or held by the Assignee/Bank and/or any financial institution which changed its name to the Assignee/Bank and that any existing agreement to which the financial institution was a party shall have effect as if the Assignee/Bank had been a party thereto. The full details of the above may be obtained from the Assignee/Bank upon request. Reserve Price: RM190,000.00 Note: Prior to the auction sale, all intending bidders are advised to:- (i) inspect the property; (ii) conduct land searches (official as well as private); (iii) make relevant enquiries with the developer, landowner and/or appropriate authorities; and (iv) obtain from the Auctioneer a copy of the Conditions of Sale. For further particulars, please apply to Messrs Xxx Xxxx Xxxx & Co, Solicitors for the Assignee/Lender of No. 23A, Tingkat 1 & 2, Dataran Millennia, Xxxxx Xxxxxxxxxxxxxx 00000 Seremban, Negeri Sembilan (Ref No: SN/FA/TL/FA-CIMB(SCC)/24714/2021, Tel No: 00-0000000, Fax No: 00-00000000) or CIMB Bank Berhad Hotline 1 300-88-0811 or Log on to xxxxxx.xxxxxxxx.xxx.xx ESZAM AUCTIONEER SDN. BHD. XXXX XXXXX BIN XXXX XXXXXX (PJK) (760902-H) Licensed Auctioneer Xx. 00, Xxxxxxx 0, Xxxxx Xxx...
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Individual Strata Title 
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Related to Individual Strata Title

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