LOCATION AND DESCRIPTION OF THE PROPERTY The subject property is a two (2) bedroom condominium unit identified as Developer’s Parcel No. B1/01-05B, Storey No. 1st Floor, Building No. Block 1, A'Famosa Villa X'Xxxxx Condopark, together with Accessory Parcel No. B1/E/12, Building No. Block 1 and bearing postal address at Xx. 0000, Xxxxx 0, X'Xxxxxx Villa X'Xxxxx Condopark, A'Famosa Resort, 00000 Xxxx Xxxxx, Xxxxxx. RESERVE PRICE The subject property will be sold on an “as is where is” basis, subject to a reserve price of RM97,200.00.00 (RINGGIT MALAYSIA NINETY SEVEN THOUSAND AND TWO HUNDRED ONLY), subject to the Conditions of Sale as printed in the Proclamation of Sale and by way of an Assignment from the above Assignee-Bank subject to the necessary confirmations/consent being obtained by the successful bidder (“the Purchaser) from the Developer and/or other relevant authorities. Any arrears of quit rent, assessment, taxes, rates and maintenance charges which are lawfully and rightfully due and payable to the Developer and/or other relevant authorities up to the date of the auction sale shall be paid out of the purchase money. Bidders are further subject to the Terms & Conditions on xxxx.xxxxxxxx.xxx.xx All intending bidders are required to deposit with the Auctioneer 10% of the fixed reserve price for the said property by BANK DRAFT or CASHIER’S ORDER only in favour of MBSB BANK BERHAD for XXXXX XXXXXX XXX XXXXXXX before the commencement of the auction prior to the auction sale and the balance of the purchase price (90%) shall be paid within one hundred and twenty (120) days from the date of the auction sale. FOR FURTHER PARTICULARS, please refer to Messrs. Xxxxx Xxxx & Partners, Solicitors for the Assignee at B-12-03, Block B, Northpoint Office, Xx. 0, Xxxxx Xxxx Xxxxx, Mid Valley City, 59200 Kuala Lumpur (Tel No: 00-00000000, Ref No. cmi-for/37525/2023) or the undermentioned Auctioneer:- Please refer to the Terms & Conditions on xxxx.xxxxxxxx.xxx.xx on the manner of payment of the deposit. PROPERTY AUCTION HOUSE SDN BHD (187793X) Ground Floor, Xx. 0, Xxxxx Xxxxxx XXXXXXX X.X. XXXX 50450 Kuala Lumpur XXXXX X.X. XXX Tel: 00-00000000 & 20788590 XXXXXXX X.X. XXXXXX Our ref: PAH/36001(3)/4/2024(LA) Licensed Auctioneers Email: xxxx@xxxxxxxx.xxx.xx Website: xxx.xxxxxxxx.xxx.xx PERISYTIHARAN JUALAN DALAM PERKARA MENGENAI PERJANJIAN PINJAMAN XXX SURATIKATAN PENYERAHHAKAN KEDUA-DUANYA YANG BERTARIKH 20 HARIBULAN FEBRUARI, 2004 ANTARA MBSB BANK BERHAD (NO. PENDAFTARAN 200501033981) (716122-P) PIHAK PEMEGANG SERAHHAK/BANK XXX XXXXX XXXXXX XXX XXXXXXX [No. K/P: 690802-01-5951] PIHAK PELANGGAN XXX XXXXX XXXXXX XXX XXXXXXX [No. K/P: 690802-01-5951] XXXXXXX XXXXX XXXXX [No. K/P: 700422-02-5310] PIHAK PENYERAHHAK Menurut kuasa xxx xxx xxxx telah kepada Pihak Pemegang Serahhak/Bank dibawah Perjanjian Pinjaman Xxx Suratikatan Penyerahhakan kedua-duanya yang bertarikh 20 haribulan Februari, 2004 diantara Pihak Pemegang Serahhak/Bank, Pihak Penyerahhak xxx Pihak Pelanggan xxx berkenaan dengan Perjanjian Jual Beli di antara Amalan Tepat Sdn Bhd (Pihak Penjual) xxx Pihak Penyerahhak yang bertarikh 16 haribulan Oktober, 2003 adalah dengan ini diisytiharkan bahawa Pihak Pemegang Serahhak/Bank tersebut dengan bantuan Pelelong yang tersebut dibawah AKAN MENJUAL HARTANAH YANG DIHURAIKAN DI BAWAH SECARA LELONGAN AWAM PADA XXXX XXXXXX, 25 HARIBULAN APRIL, 2024 PADA PUKUL 10.30 PAGI DI PUSAT LELONG TINGKAT BAWAH, NO. 0, XXXXX XXXXXX, 00000 XXXXX XXXXXX (UNTUK BIDAAN DI TAPAK LELONGAN) ATAU MELALUI XXXXX WEB XXXX DI XXXX.XXXXXXXX.XXX.XX (BAGI TAWARAN SECARA TALIAN) (Untuk bidaan atas talian, xxxx daftar sekurang-kurangnya satu (1) hari bekerja sebelum hari lelongan untuk tujuan pendaftaran & pengesahan) PENAWAR ATAS TALIAN ADALAH SELANJUTNYA TERTAKLUK KEPADA TERMA-TERMA XXX SYARAT-SYARAT DI xxxx.xxxxxxxx.xxx.xx
POSSESSION OF THE APARTMENT PLOT Schedule for possession of the said [Apartment/Plot]: The Promoter agrees and understands that timely delivery of possession of the [Apartment/Plot] is the essence of the Agreement. The Promoter, based on the approved plans and specifications, assures to hand over possession of the [Apartment/Plot] on , unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the [Apartment/Plot], provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. After refund of the money paid by the Allottee, Xxxxxxxx agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. Procedure for taking possession – The Promoter, upon obtaining the occupancy certificate* from the competent authority shall offer in writing the possession of the [Apartment/Plot], to the Allottee in terms of this Agreement to be taken within 3 (three months from the date of issue of such notice and the Promoter shall give possession of the [Apartment/Plot] to the Allottee. The Promoter agrees and undertakes to indemnify the Allottee in case of failure of fulfillment of any of the provisions, formalities, documentation on part of the Promoter. The Allottee agree(s) to pay the maintenance charges as determined by the Promoter/association of allottees, as the case may be. The Promoter on its behalf shall offer the possession to the Allottee in writing within days of receiving the occupancy certificate* of the Project. Failure of Allottee to take Possession of [Apartment/Plot]: Upon receiving a written intimation from the Promoter as mentioned above, the Allottee shall take possession of the [Apartment/Plot] from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter shall give possession of the [Apartment/Plot] to the allottee. In case the Allottee fails to take possession within the time provided as mentioned above, such Allottee shall continue to be liable to pay maintenance charges as applicable. Possession by the Allottee – After obtaining the occupancy certificate* and handing over physical possession of the [Apartment/Plot] to the Allottees, it shall be the responsibility of the Promoter to hand over the necessary documents and plans, including common areas, to the association of the Allottees or the competent authority, as the case may be, as per the local laws.
POSSESSION OF THE APARTMENT/PLOT 7.1 Schedule for possession of the said [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the [Apartment/Plot] to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the [Apartment/Plot], provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 60 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
Description of the Transfer The details of the transfer and of the personal data are specified in Annex B. The parties agree that Annex B may contain confidential business information which they will not disclose to third parties, except as required by law or in response to a competent regulatory or government agency, or as required under clause I(e). The parties may execute additional annexes to cover additional transfers, which will be submitted to the authority where required. Annex B may, in the alternative, be drafted to cover multiple transfers. ANNEX A
Vendor's Principal Place of Business (State) In what state is Vendor's principal place of business located?
