2023年7月14日 · The Perfection of Transfer (POT) and Perfection of Charge (POC) are both essential documents in transferring ownership of a property title. Yet, for some people, these can come as a bit of a shock! We’re all so excited about the Sale and Purchase Agreement (SPA) or even the Memorandum of Transfer (MOT) that we overlook that final hurdle ...

2023年8月31日 · POC is to transfer ownership for an Individual or Strata Title using the MOC (Form 16A), to the bank who supplied the home loan to purchase the property, so that the bank is the owner of the property until the borrower has paid off the loan. To simplify it: POT/POC = the process/action taken MOT/MOC = a specific legal document involved in POT/POC

The Perfection of Transfer (POT) and Perfection of Charge (POC) are both essential dealings in transferring ownership of a property. In most case scenarios, when a person buying an under-construction property from a developer, the property is still under Master Title.

The primary purpose of POC is to provide security to the Bank where the Bank has the right to initiate legal actions against the property charged in the event the purchaser defaults in the repayment of the loan. How much should a purchaser pays for stamp duty? Generally, the stamp duty payable for Perfection of Charge is only RM40.

2022年5月17日 · Perfection of Transfer (POT) and Perfection of Charge (POC) is one of the important legal documents when purchasing a property. However, not many understand what POT and POC are and how important they are in proving the buyer’s property ownership .

2024年5月12日 · In this article, we will talk about two documents home buyers will encounter after signing the Sales and Purchase Agreement (SPA) – the Perfection of Transfer (POT) and Perfection of Charge (POC). The Perfection of transfer is necessary for transferring ownership from the developer’s name to your name as the property owner whereas the ...

2023年5月29日 · PERFECTION OF CHARGE (“POC”) Previously, we have explained about the Perfection of Transfer (“POT”) and for the purpose of this article, we will explain on the Perfection of Charge (“POC”); a complementary process of POT but only applicable to those who are purchasing any property by way of mortgage from any financial institution.

2023年11月2日 · You can wait to pay the Stamp Duty when you’re required to complete the Perfection of Transfer (POT) & Perfection of Charge ( POC ). While buying a complete master title property from a Seller, you have to pay the stamp duty upfront during the signing of the Sale and Purchase Agreement ( SPA ).

It basically is a process of perfecting or registering the separate title to a property i.e. the duly issued Individual or Strata Title by the relevant authority under the name of a property purchaser.

Abstract— This paper summarises the difference between the regional postage stamp method and the new POC(point of connection) charging method used for cost allocation for the transmission...