Common use of STRATA TITLE Clause in Contracts

STRATA TITLE. Strata Title to the property has been issued. 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: The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance 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 there under 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. MESSRS MNP AUCTIONEERS (CENTRAL) SDN BHD (908971-X) SOON XXXX XXXX XXX WOI CHEE

STRATA TITLE. Strata Title to the property has been yet to be issued. 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: The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance 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 there under 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. MESSRS MNP AUCTIONEERS MALAYAN BANKING BERHAD 196001000142 (CENTRAL3813-K) SDN BHD PIHAK PEMEGANG SERAHHAK/BANK XXXXXXXXX A/L XXXXXXXX (908971NRIC NO: 850407-X35-5059) SOON XXXX XXXX XXX WOI CHEEPIHAK PELANGGAN/PEMINJAM

STRATA TITLE. Strata Title to the property has been issued. 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: The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance 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 there under 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. MESSRS MNP AUCTIONEERS MALAYAN BANKING BERHAD 196001000142 (CENTRAL3813-K) SDN BHD PIHAK PEMEGANG SERAHHAK/BANK XXXXXXXXX X/X XXXXXXX XXXXXX (908971NRIC NO: 820216-X07-5305) SOON XXXX XXXX XXX WOI CHEEPIHAK PELANGGAN/PEMINJAM

STRATA TITLE. Strata Title to the property has been issued. 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: The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance 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 there under 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. MESSRS MNP AUCTIONEERS (CENTRAL) SDN BHD (908971-X) SOON XXXX XXXX XXX WOI CHEECHEE XXXX XXXXX BIN XXX XXXXX (NO K/P: 710214-02-5243 / A1837149) XXXXXXX XXXXX XXXXX (NO K/P: 740505-07-5344 / A2723710) PIHAK PELANGGAN/PEMINJAM