Options

What is an option?
Osborn's A Concise Law Dictionary defines that "a right conferred by agreement to buy or not at will, any property within a certain time".

Consideration must be given in order to validate an Option as a contract. For example, "In consideration of RM10, I hereby give an option to so and so to buy or sell the property described in the schedule hereto upon the terms and conditions herein stated".

It is advisable to attach a draft of Sale and Purchase Agreement to the Option. For example, "The Vendor hereby gives an option to the option holder Ali Bin Adam of No. 222, Jalan Indah, Bangi, Selangor to buy the said property upon the terms and conditions stipulated in the specimen sale and Purchase Agreement annexed hereto"

Option money should form part of the purchase price.

What are basic terms of the option?
Basic terms of the option are:-
# consideration
# terms of payment
# particulars of the property
# where and when to pay the 10% deposit
- specifying the time to pay the deposit
eg. by 9.am. , 19September 2009, in the office of Umi Afiat & Co.

Private Caveats

What is a Private Caveat?

A caveat is a prescribed form to prevent any further transactions in property.

Who can enter private caveat?

Section 323 (1) of National Land Code states that:-

The persons and bodies at whose instance a private caveat may be entered are:-

(a) any person or body claiming title to, or any registrable interest in, any alienated land or any right to such title or interest;

(b) any person or body claiming to be beneficially entitled under any trust affecting any such land or interest; and

(c) the guardian or next friend of any minor claiming to be entitled as mentioned in paragraph (b).

How to enter private caveat?

Section 323 (2) of National Land Code further states that:-

Any such person or body wishing to apply for the entry of such a caveat shall do so in Form 19B and such application shall be attested in accordance with the provisions of Section 211 and shall state therein the nature of the claim on which his application is based, and whether the caveat is to be expressed to bind the land itself or a particular interest only.

Section 323(3) of National Land Code also states that:-

Any application under this section shall be accompanied by the prescribed fee and, so far as it sets out the claim giving rise thereto, be verified by a statutory declaration by the applicant or his advocate and solicitor.

Prosidur Pembelian & Penjualan Hartanah

Saya mendapat banyak email dan private mesej (dalam forum) yang bertanyakan kepada saya bagaimana nak jual rumah, prosidur pembelian hartanah dan lain-lain berkenaan dengan hartanah. Memandangkan banyak soalan yang ditanya itu lebih kurang sama sahaja, maka saya membuat keputusan untuk mewujudkan tajuk khas bagi membincangkan tajuk ini. Semoga dengan penjelasan ringkas ini, akan memberi sedikit gambaran kepada sesiapa yang ingin menjual atau membeli hartanah khas di Malaysia.

Prosidur Pembelian & Penjualan Hartanah.

Memandangkan masa cukup terbatas untuk saya menulis di sini, maka saya senaraikan perkara asas bagi pembelian dan penjualan hartanah. Kepada sesiapa yang ingin maklumat lanjut, sila nyatakan soalan atau kemuskilan anda di ruangan komen, dan saya akan cuba menjawabnya berasaskan pengalaman, pengetahuan dan Undang-undang Malaysia.

Pra-Pembelian

- sebelum membeli rumah atau tanah, anda dinasihatkan melihat sendiri fizikal rumah atau tanah tersebut.

- anda juga dinasihatkan mendapat salinan geran daripada penjual, semak maklumat di dalam geran / Suratan Hakmilik seperti status tanah (i.e bangunan, pertanian), tempoh pemilikan (i.e leasehold / freehold), pemilik , sekatan dan sebagainya.

- buat carian hartanah di pejabat tanah yang berkenaan, ini adalah penting untuk memastikan tiada sekatan ke atas hartanah tersebut.

- semak nilai pasaran semasa, ianya penting agar anda tidak membeli hartanah dengan harga yang lebih tinggi dari nilai pasaran semasa / current market value.

- sekiranya tujuan pembelian hartanah tersebut untuk investment, maka pastikan anda membeli hartanah di lokasi yang mempunyai permintaan tinggi.

................... akan disambung lagi. (anda boleh mengemukakan soalan sekiranya ada)

What is a Will?

A Will is a document where a person states his intentions as to how his Estate is to be administered and distributed after his death and who is to administer the Estate for the deceased. It may include provisions for guardianship, custody and tuition of a child.

A will Must be in writing unless it is Privileged Will. ( A soldier in actual military services, or a mariner or a seaman at sea is entitled to make what is called a "Privileged Will").

A person making a will is called the Testator and he must be at least eighteen (18) years of age and of sound mind unless he is a soldier in actual military service or a mariner or seaman at sea.

Executor: The person named by the Testator to administer and distribute the Estate The Executor need not be a beneficiary.

Beneficiaries: The person who inherit or benefit under the Will.

If there are minor beneficiaries, i.e. person below the age of 18 years named in the Will, you must name at least 2 Executors.

You may also state in you Will that the Executors are also to act as Trustees to hold any assets or invest or use any money for the benefit of the minor Beneficiaries named in the Will.

A Will need not be stamped.

Arrest And Bail

What is arrest?
Arrest consists of a seizure or touching of a person's body for the purpose of holding or detaining him to answer a criminal charge or preventing the commission of a criminal offence.

When can an arrest take place?
An arrest may be made by a police officer or other persons empowered by law to do so. The police officer effecting the arrest can only do so upon reasonable suspicion of an offence having been committed by the person.

All necessary means may be employed to effect an arrest if a person resists attempts to arrest him. Resisting or obstructing the lawful arrest of a person is an offence.

What are your rights upon arrest ? (to be continued)

Road Accidents

What should you do at the accident site?

1. Be calm and do not panic. Neither should you take the law into your hands.

2. Take down the particulars of the vehicles involved in the accident.

i.e: registration numbers, make of the vehicles (year and model), colour.

3. Take down the particulars of the driver / passenggers / witnesses.

i.e: name, address, identity card number, driving licence number, telephone number (work and home).

4. If you have camera with you, take some photographs of the accident site as well as the vehicles involved. Remeber to keep the negatives in a safe place as photographs without their negatives may not be admissible as evidence in court.

What should you do at the Police Station?


................... to be continued