List of Frequently Asked Question Chieng & Lum Associates Seremban, Negeri Sembilan, Selangor, KL, Malaysia

Chieng & Lum Associates https://www.chienglumassociates.com

How long does it take to get a response from your firm?

We usually respond within the same day during working hours.

Chieng & Lum Associates https://www.chienglumassociates.com

Are consultations free?

More detailed advice may have consultation fee.

Chieng & Lum Associates https://www.chienglumassociates.com

Can I get legal services online?

Yes

Chieng & Lum Associates https://www.chienglumassociates.com

Do I need a lawyer for Sale & Purchase Agreement (SPA)?

Yes — a lawyer is required for subsale transactions to ensure legal compliance.

Chieng & Lum Associates https://www.chienglumassociates.com

How long does bank loan documentation take to prepare?

Usually 2–4 weeks

Chieng & Lum Associates https://www.chienglumassociates.com

Can I buy property without checking documents?

Not recommended — you may have to suffer losses due to hidden liabilities.

Chieng & Lum Associates https://www.chienglumassociates.com

Why is a loan agreement important?

It legally binds the bank and borrower, specifying obligations, interest rates, terms and rights in case of default.

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How long does loan documentation take to be prepared?

Usually 2 weeks, depending on bank processing time.

Chieng & Lum Associates https://www.chienglumassociates.com

Why do companies need legal advise for financing?

To avoid hidden liabilities, protect directors, and ensure clarity of obligations.

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How often should a company seek corporate legal advisory?

Most companies engage monthly or quarterly advisory to maintain compliance.

Chieng & Lum Associates https://www.chienglumassociates.com

Why is a partnership agreement important?

It protects all partners, defines roles, and prevents disputes.

Chieng & Lum Associates https://www.chienglumassociates.com

Why should a lawyer draft my commercial agreement?

To ensure enforceability, prevent loopholes, and protect your business from future disputes.

Chieng & Lum Associates https://www.chienglumassociates.com

Can you review contracts drafted by another party?

Yes, we highlight risks and recommend safer clauses.

Chieng & Lum Associates https://www.chienglumassociates.com

How long does uncontested divorce take?

Around 3–6 months, depending on court dates.

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Who will get custody of children?

Courts prioritise the child’s best interest. Both parents may share rights.

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Do both parties need to attend court?

Yes, for a joint petition.

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What happens if someone dies without a Will?

Assets will be distributed under the Distribution Act 1958, not according to personal wishes.

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How long does probate take?

Typically 3–6 months, but can vary depending on asset complexity.

Chieng & Lum Associates https://www.chienglumassociates.com

Is a handwritten Will valid in Malaysia?

Yes, if it meets the legal requirements. However, many handwritten Wills get rejected due to errors.

Chieng & Lum Associates https://www.chienglumassociates.com

How often should I update my Will?

After major life changes, example, marriage, divorce, new child, buying property, business changes.

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What is the minimum retainer period?

Usually 6 or 12 months, depending on the package.

Chieng & Lum Associates https://www.chienglumassociates.com

Do SMEs need a legal retainer?

Yes — it’s cost-effective and prevents legal mistakes.

Chieng & Lum Associates https://www.chienglumassociates.com

Can I customise my retainer package?

Yes — we tailor the scope based on your industry and needs.

Chieng & Lum Associates https://www.chienglumassociates.com

Is stamp duty for love and affection transfer is fully exempted?

Usually partial exemption applies — depends on relationship & property type.

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Can I transfer property with an existing housing loan?

You must first get bank consent and further to complete the discharge and refinancing

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How long does the discharge process take?

Normally 3–6 weeks, depending on bank speed and land office processing.

Chieng & Lum Associates https://www.chienglumassociates.com

What if my property has no title yet?

A Deed of Receipt & Reassignment (DORA) will be required instead of a charge discharge.

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Can you help with corporate disputes?

Yes — we provide dispute advisory and negotiation support.

Chieng & Lum Associates https://www.chienglumassociates.com

Is a JV the same as a partnership?

No. A JV is usually for a specific project or limited scope, while partnerships are long-term business structures.

Chieng & Lum Associates https://www.chienglumassociates.com

Can a partnership agreement be verbal in Malaysia?

Yes, but strongly discouraged — written agreements protect all partners.

Chieng & Lum Associates https://www.chienglumassociates.com

What happens if a partner wants to leave?

A properly drafted agreement will include exit and buy-out mechanisms.

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Can I pull out after bidding?

No. You will lose your 10% deposit immediately.

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Can I get a loan extension?

Not guaranteed — depends on the bank and auctioneer.

Chieng & Lum Associates https://www.chienglumassociates.com

What if squatters refuse to leave?

You may need a court eviction order — we can assist.

Chieng & Lum Associates https://www.chienglumassociates.com

Can foreign companies enter JV in Malaysia?

Yes — but foreign ownership rules must be considered.

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Is a tenancy agreement mandatory?

Not legally mandatory, but strongly recommended to avoid disputes.

Chieng & Lum Associates https://www.chienglumassociates.com

Who pays for stamping?

Usually the tenant pays, but it can be mutually agreed.

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How long does a caveat last?

Up to 6 years, unless earlier withdrawn or challenged.

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Can a caveat be challenged?

Yes — the landowner may apply to remove it. You must respond with supporting legal grounds.

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Can anyone lodge a caveat?

No — you must have a registrable interest or the caveat can be removed by court.

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Is WhatsApp or verbal agreement enough?

No. It is not entirely reliable in court without supporting documents. (subject to court to determine the issue)

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Can I charge interest?

Yes — as long as it does not violate lending laws in Malaysia. We will advise accordingly.

Chieng & Lum Associates https://www.chienglumassociates.com

Do both parties need to meet in person?

No- as long as signatures are affixed in accordance with laws of Malaysia.

Chieng & Lum Associates https://www.chienglumassociates.com

Can a Executor of a Will be replaced or changed?

Yes, in the event that Executor:- a) Refuse to conduct the application; or b) Delay the legal proceedings; or c) Conflict of interest; or d) Misconduct in managing the estate; or e) Death; or f) Renounced.

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What if there is Tenant staying inside the auctioned Property?

Negotiate with Tenant to verify whether there is subsisting agreement.

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What kind of checking do I need to conduct before bidding an auction Property?

The most ideal way would be engaging a solicitor to conduct due diligence for you.

Chieng & Lum Associates https://www.chienglumassociates.com

What kind of due diligence?

Our law firm will assist with conduct of land search, checking with developer, management body etc subject to terms stated in Proclamation of Sales.

Chieng & Lum Associates https://www.chienglumassociates.com

Can I get your service to advise the terms stated in the Proclamation of Sales?

Yes

Chieng & Lum Associates https://www.chienglumassociates.com

Does your company take responsibility for evicting tenants after a property has been purchased?

Yes, subject to eviction fee agreed thereof.

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What is the advantages of buying/bidding Auction Property?

- acquisition costs is more competitive, good for own use and investment purposes - more transparent in market price and avoiding illegal price marking up transaction - process of transferring could be more efficient in certain circumstances

Chieng & Lum Associates https://www.chienglumassociates.com

What kind of costs I spent in bidding Auctioned Property is claimable?

Subject to terms stated in Proclamation of Sales, costs claimable will be mentioned therein.

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What factors would affecting the payable legal fee in bidding and purchase Auctioned Property?

- Title condition / status of the Auctioned Property - Location of the Auctioned Property - Remaining timeline of the Auctioned Property - Bank and Loan amount approved in favour of Bidder - Existing of third party's restriction and/or management

Chieng & Lum Associates https://www.chienglumassociates.com

Before bidding Auctioned Property, what kind of cost factors shoud I consider?

- Legal Fee involved (Ownership Transfer and Loan) - Developer Charges - Valuer Charges - Bank Loan Interest Rate - Renovation Costs - Eviction Costs (entry costs)

Chieng & Lum Associates https://www.chienglumassociates.com

If I am getting the same bank who auction off the Property to finance my bided Auctioned Property, will it be completed faster?

Subject to terms of the transaction, Yes.

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Can the tenant removes the inventories affixed into the Auctioned Property?

Yes, if the inventories belong to theirs.

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What if Tenant wishes to continue renting the Auctioned Property before expiry of Tenancy Agreement?

Yes, you must allow the Tenant to continue renting the Auctioned Property as per the terms stated in the valid Tenancy Agreement.

Chieng & Lum Associates https://www.chienglumassociates.com

If there is no valid Tenancy Agreement, can I demand the Tenant to yield up the Auctioned Property?

Generally, yes you can

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If Auction Property is not issued with Individual Title, does it affect my ownership over the said Property?

No, you are still the beneficial owner to the Property.

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If the market value of the Auctioned Property is higher than my purchase price, any additional fee I should be paying?

Yes, of which includes but not limited to legal fee, stamp duty, valuation fee, reimbursement charges and etc.

Chieng & Lum Associates https://www.chienglumassociates.com

What is double transfer means?

Means Auctioned Property will be transferred into previous owner first before subsequent transfer to the latest Bidder.

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Should I advance all outstanding fees for the Auctioned Property before I can claim the same from the Auction Bank?

Generally Yes.

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Can you share most of time what kind of outgoings is claimable?

Quit Rent, Assessment, Service Fee, Sinking Fund.

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All the renovation costs I spent on Auctioned Property, can it be used to reduce RPGT tax when I resell later?

Yes, subject to further checking by IRB.

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What should I do after I am allowed to enter the Auctioned Property?

It is advisable to lodge a police report as a precaution step prior to your entry.

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In the event that I bided above reserved price, when should I top up the balance 10% deposit?

Generally, you have to top up right before you get a full stamped Proclamation of Sales.

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If my loan of margin is lesser than 90% of the purchase price, when should I top up the shortfall?

It is advisable to top up soonest after your loan approval due to auction process may have unforeseeable delay from third party that may not allow for extension of time.

Chieng & Lum Associates https://www.chienglumassociates.com

Can I meet the previous owner to conduct handover of the Auctioned Property?

Yes and with proper handover letter.

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If there is caveat lodged by third party after your bid, can you take any legal action against Auction Bank?

Generally, you are not allowed as you are bidding at your own risk.

Chieng & Lum Associates https://www.chienglumassociates.com

Can your law firm ensure the Auction transaction is completed in time?

Yes, our firm is committed to.

Chieng & Lum Associates https://www.chienglumassociates.com

Master Title or Individual/Strata Title which one is better for consideration in investing Auctioned Property?

Both are fine to invest but legal process would be clearer and easier for Auctioned Property with Individual Title/Strata Title.

Chieng & Lum Associates https://www.chienglumassociates.com

What if I realised the Auctioned Property I bided has illegal activity occurring therein?

You are advisable to lodge immediate police report.

Chieng & Lum Associates https://www.chienglumassociates.com

Why should you choose us?

- We respond at our earliest convenience (24 working hours) - We ensure you suffer no loss in monies - We ensure you can sleep tight at night with worries free on on your legal matter - We ensure you get detailed explanation whenever you have enquiries (after we are engaged)

Chieng & Lum Associates https://www.chienglumassociates.com

Can caveat be relodged on same reason?

Yes, subject to the said reason valid at the time of lodgement.

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Can one of the divorcing party lodge caveat against the matrimonial Property?

Yes, if the lodging party is not the registered owner.

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What is the estimated costs for a caveat to be registered at land office?

Different land office have different charges, WhatsApp us for more!

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I am giving a friendly loan to my friend, can i lodge a caveat over his Property?

Generally, if parties have agreed and executed valid agreement with terms involving the Property, you may.

Chieng & Lum Associates https://www.chienglumassociates.com

Do you need a lawyer to lodge a caveat?

Not necessarily, but it is advisable to get your lawyer to check through your documents to ensure your caveat is legit and effective.

Chieng & Lum Associates https://www.chienglumassociates.com

Can Landlord demand additional Restoration Deposit from Tenant?

Yes, must be clearly stated and recorded in Tenancy Agreement.

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If Tenant fails to remit rental promptly, can Landlord imposes penalty or interest on late payment?

Yes, as per terms in the Tenancy Agreement subject to the rate of interest and penalty is allowable by court.

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What kind of outgoing of the Property shall remain be payable by Landlord?

Unless it is otherwise agreed, Landlord shall be responsible for quit rent, assessment and management fee.

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Can Landlord utilities accounts registered under Tenant's name?

Yes, you may.

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Can each Landlord and Tenant engages their own solicitors?

Yes, subject to the parties' arrangement.

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What kind of repairs is under Tenant's responsibility?

All defects that is caused by Tenant. Fair wear and tear excepted.

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If Tenant intends to terminate the tenancy earlier, what is the effect?

Subject to the terms in agreement, Landlord may:- (a) claim for full rental for the unexpired terms; and/or (b) forfeit full Deposit received from the Tenant.

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Can Landlord terminate the agreement earlier?

Unless it is otherwise stated in agreement, Landlord may be required to:- (a) compensate amount equivalent to the Deposit paid by Tenant; and/or (b) refund the Deposit to Tenant; and/or (c) compensate the Tenant's for renovation costs.

Chieng & Lum Associates https://www.chienglumassociates.com

Right to renew the tenancy shall rest with who?

Tenant, unless otherwise agreed in agreement.

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Can tenancy agreement used for renting more than a period more than 3 years?

No, more than 3 years shall be considered a lease.

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Generally what kind of terms mentioned in Partnership Agreement?

Obligation of parties, termination (exit) terms, Consideration, Right of option, Default terms, remedial terms and etc

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Is Partnership Agreement requires stamping?

Advisable, as only stamped documents will be admissible as evidence before court.

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Partnership Agreement must be witnessed by solicitors?

Preferably, as in the event of dispute, signatures of parties can be verified by independent witness.

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Corporate dispute can resolve out of court?

Yes, via settlement agreement.

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How to minimize the occurrence of dispute?

Preferably to have detailed terms incorporated into shareholder agreement and/or any other relevant agreement of equivalent reference.

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What if disputes prolongs?

If parties are unable to negotiate amicably, parties may seek solution via court proceedings.

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Can party refuse to follow the remedies stated in the agreement?

Unless otherwise stated in agreement, it is a best practice for the parties to exercise all the remedies as stated therein the agreement first before initialing further proceedings.

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What is the effect of dispute remains unresolved?

Business may be put on halt and causes financial crises.

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What does discharge process mean (after loan settlement)?

Discharge means Bank that you have fully settled your loan with, cancelling and discharging their right against your Property.

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Can I discharge my Property loan with cash and refinancing thereafter?

Yes, you can but legal and disbursement costs for the entire transaction may be slightly higher if you do not handle it concurrently.

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Can discharge and refinancing being conducted concurrently?

Yes.

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How long does refinancing process to take?

After your loan approval, the entire refinancing transaction generally take lesser than 90 days from the date of your signing with the solicitors.

Chieng & Lum Associates https://www.chienglumassociates.com

Refinancing with same Bank can possibly shorten the process?

Yes, but it is not considered as substantially different if you opt for another bank.

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What is the costs for discharge?

Discharge costs may vary due to Property location as the costs of disbursement different between each land office. The range of costs could be lesser than RM2000.00

Chieng & Lum Associates https://www.chienglumassociates.com

Can your firm recommend bankers that handle the refinancing application?

Yes

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Is the stamp duty of transfer by way of deed of gift between spouse fully exempted?

Yes as of year 2026.

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Can you explain the stamp duty exemption between parents to children?

Parents is transferring Property to children, the stamp duty will be given 100% rebate if market value of the Property is lesser than RM 1million at that point of time of transfer. It means the value can only be determined after parties have signed and submitted the documents to Inland Revenue Board. Balance value above RM 1million shall be calculated at a rebate of 50% (As of year 2026)

Chieng & Lum Associates https://www.chienglumassociates.com

Can girlfriend and boyfriend enjoy any waiver on stamp duty for transfer by way of gift?

No

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Is stamp duty fully exempted for transfer by way of gift between grandparents and grandchildren?

Grandparents is transferring Property to grandchildren, the stamp duty will be given 100% rebate if market value of the Property is lesser than RM 1million at that point of time of transfer. It means the value can only be determined after parties have signed and submitted the documents to Inland Revenue Board. Balance value above RM 1million shall be calculated at a rebate of 50% (As of year 2026)

Chieng & Lum Associates https://www.chienglumassociates.com

Can foreigner entitles for the exemption of stamp duty?

No, only available for Malaysian.

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Is adopted child entitled to enjoy stamp duty exemption for transfer by way of gift?

Yes, as long as the child must be a legitimate child, step child or child adopted in accordance with laws of Malaysia.

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Transfer between aunties uncles and nieces nephew, siblings or girlfriends and boyfriends are still subject to full stamp duty?

Yes

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What is the range of legal costs and disbursement for transfer by way of gift?

Please contact us for quotation as the costs involved would be very much depending on location of Property, title condition and status of the Property as well as stamp duty waiver and/or exemption thereof.

Chieng & Lum Associates https://www.chienglumassociates.com

What kind of entity that is advisable to have retainer services?

Any entity that requires wide range of legal assistances from time to time.

Chieng & Lum Associates https://www.chienglumassociates.com

Will it be more worth it if I am getting retainer service if compare to case to case basis?

Yes, it is more costs efficient to get a legal retainer if you constantly requires legal assistance and/or advise.

Chieng & Lum Associates https://www.chienglumassociates.com

What is the scope of legal retainer?

Depend on your requirements and/or special request and most of time it affects the costs of package.

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If I have obtained my grant of probate, should I do the transmission right away?

It is advisable not to proceed with transmission if you intend to sell the Property. This way is more costs efficient, contact us to know more.

Chieng & Lum Associates https://www.chienglumassociates.com

Is Power of Attorney refers to Will?

No, they are distinct legal documents.

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What is Will?

Will is meant to reflect intention of Testator in distributing his/or her assets after his/or death. It remains valid even after his/or death.

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What is Power of Attorney?

A Power of Attorney is an instrument that only remains valid until the day before your death, especially in circumstances where Giver is having issue of incapacitated.

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What is Deed of Trust?

A Deed of Trust means a legal documents that that meant to dictate the terms for trustee to hold and/or manage on behalf the assets (property, money, investments) as defined therein the documents for beneficiaries.

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Is there any different between grant of probate and letter of administration?

Yes, there are differences. Grant of Probate is a legal process adopted to handle deceased's estate stated therein deceased's Will. Letter of administration on the otherwise is a process that is adopted to handle deceased's estate who left no WIll.

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Grant of Probate and Letter of Administration, which one cheaper in costs?

Grant of Probate will be cheaper.

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How long does Grant of Prabate take to issue?

Generally 3months.

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How long does it take Letter of Administration to issue by Court?

Generally Six months and above.

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Who shall attend the Court for the Grant of Probate?

It is advisable to have the Applicant and Beneficiaries present at the Court to ensure smoothness of process.

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Who shall attend at Court for the process of Letter of Administration?

It is advisable to have the Executor and Beneficiaries to be present at the Court to ensure Court to grant the application.

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In the event that I have obtained Grant of Probate, can I (Beneficiary) resell the Property without my name transferred on the Title of Property?

Yes, but we will requires Court Order for Sale to facilitate the sale of Property.

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How long does a Court Order for Sale to take?

Generally 3 months and above.

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What factors that affect the divorce legal costs?

Correspondences address of Parties, Location of marriage registration, Complexity of the Case.

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Joint Petition or Single Petition will be cheaper in costs?

Joint Petition will be definitely cheaper in costs.

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Generally spouse must be married for two years before filing divorce?

Yes, subject to exemption.

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Is it compulsory for tribunal reconciliation before filing single petition?

It is advisable to attend tribunal reconciliation.

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How to decide which court should we be filing the divorce?

Generally, it is advisable to file at the state where parties registered their marriage.

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What is refinancing?

Is a legal process to create charge over your Property for the purposes of cashing out more fund(s) from the inflated market value of the Property. Some customers are getting refinancing to revise a better loan terms for their existing property mortgage.

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Can it be possible to do refinance with different bank?

Definitely

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Is there any changes on the ownership of the Property in refinancing process?

Not necessary.

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How long does the disbursement of refinancing process take?

After the solicitors is appointed with documents furnished in complete, disbursement will be done in less than 4 months or earlier (depending on the facts of the case).

Chieng & Lum Associates https://www.chienglumassociates.com

Can you recommend banker to handle my refinancing loan approval?

Yes.

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Before refinancing, what do I need to be aware of?

You have to check whether your existing loan is having lock in period terms imposed by your existing bank.

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If my property is still under master title, can I still allowed to do refinancing?

Yes, you are, as long as your refinancing loan is approved.

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What encumbrances that solicitors have to remove from title of the Property in handling refinancing process?

We will remove existing's private caveat, court order, existing bank charge, if any.

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Do we need to go through bank valuation in refinancing?

Yes.

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Refinancing requires re-sign new set of loan documents?

Yes

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Can a Bankrupt person obtains refinancing?

Most of time, no bank will approval refinancing in favour of a Bankrupt.

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If property under master title, do we need to obtain Developer's consent in refinancing process?

Yes, you need their consent.

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If it is a leasehold property, do we need the state consent in refinancing property?

Yes, you need the state consent (may vary in accordance with Title condition of the Property)

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Do I need to clear my quit rent, assessment and management fee before refinancing disbursement?

Yes, you must settle the bills in full.

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Can refinancing adjust my loan tenure to a longer period?

Yes, but depends on Banks' approval.

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Can I choose your firm to handle the refinancing?

Yes.

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Can I buy Property with Tenant staying inside?

Yes, Legal Possession with sale subject to assignment of tenancy.

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Vendor is allowed to engage their own solicitors for sale of Property?

Yes, preferably. Despite the costs is slightly higher, it is advisable to engage your own legal representation. Call us for more.

Chieng & Lum Associates https://www.chienglumassociates.com

How long does a sale and purchase agreement to complete?

Generally around 3-4 months, depending on facts of the case.

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When should I start paying my instalment as purchaser?

Whenever your financier has disbursed the loan amount or any part thereof, you are required to start paying instalment.

Chieng & Lum Associates https://www.chienglumassociates.com

Whenever I start paying instalment for my property loan, am I expecting keys for the Property?

Not necessary you will get the keys, you are only entitled to keys when all your approved loan amount from your financier has been fully disbursed. Please contact us for more.

Chieng & Lum Associates https://www.chienglumassociates.com

In the event that bankers and/or agents recommend you law firm, can I still choose my own solicitors?

Yes, you can choose your own solicitors

Chieng & Lum Associates https://www.chienglumassociates.com

What is freehold property?

It is a kind of property that you are entitled to own the same forever.

Chieng & Lum Associates https://www.chienglumassociates.com

If say I am buying leasehold property, what should I take note of?

You have to take not the remaining balance of years for the lease to ensure you are easier to resell the same.

Chieng & Lum Associates https://www.chienglumassociates.com

There are how many types of title?

Generally, there are three types, which is Master Title, Strata Title and Individual Title.

Chieng & Lum Associates https://www.chienglumassociates.com

Master title means?

Means land is held under name of Developer and/or Proprietor.

Chieng & Lum Associates https://www.chienglumassociates.com

Strata Title means?

Means property ownership for multistorey building(s) and/or gated development(s) have been issued with separate legal and registrable title(s) for each and specific unit(s) erected therein.

Chieng & Lum Associates https://www.chienglumassociates.com

In buying a sub-sale property, what kind of Title risks should Purchaser take note?

You should have take note legal issue as follows:- -Freehold vs Leasehold -Master Title vs Strata Title/Individual Title -Encumbrances (Tenancy, Caveat, Court Order, if any) -Condition of Title (Bumi or Non-Bumi, Low Cost, Purpose of Land etc) Call us for more advice.

Chieng & Lum Associates https://www.chienglumassociates.com

Costs that Purchaser has to take note when getting second house?

Includes:- (a) legal fee, stamp duty and disbursement (SPA & Loan); (b) valuation fee; (c) insurance costs; (d) outgoings costs of the property.

Chieng & Lum Associates https://www.chienglumassociates.com

If property is renovated, should I ask for the copy of approved plan?

It is advisable to get a copy.

Chieng & Lum Associates https://www.chienglumassociates.com

Can I claim for defect liability from Vendor after I take the keys?

Property will be delivered on as is where is basis. Should defects occurred during your first inspection before your purchase booking is made, such defect remedial costs is not claimable unless it is otherwise requested on booking form and/or agreement.

Chieng & Lum Associates https://www.chienglumassociates.com

If there are inventories included in my purchase, should I include the same into the sale and purchase agreement?

Yes, it is advisable to include.

Chieng & Lum Associates https://www.chienglumassociates.com

Being a Vendor, what kind of costs I should take note when I am disposing my property?

It is advisable to take note on the following costs:- (a) Real Property Gain Tax; (b) Legal Fee Cost; (c) Agent Commission; (d) Sale and Service Tax; (e) Lock In Period of property loan.

Chieng & Lum Associates https://www.chienglumassociates.com

What will generally be covered via a friendly loan agreement?

Generally, will dictates the terms below:- - Loan Amount - Period or Tenure of Loan - Terms to disburse payment - Repayment terms - Termination Clause (punitive)

Chieng & Lum Associates https://www.chienglumassociates.com

What are the example of commercial or corporate agreement?

Some examples include Shareholder Agreement, Subscription Agreement, Allotment Agreement, Partnership Agreement, Deed of Trust, Collaboration Agreement, Power of Attorney, Joint Venture Agreement, Service Agreement etc.

Chieng & Lum Associates https://www.chienglumassociates.com

What is Shareholder Agreement?

It is a legally binding agreement that regulates the duties, obligations, rules of share transfer, conflict management and business operation.

Chieng & Lum Associates https://www.chienglumassociates.com

What is Subscription Agreement?

Different from Allotment Agreement, Subscription Agreement is a type of agreement that outlines new price of shares, new number of shares and investment terms for new investor of the company.

Chieng & Lum Associates https://www.chienglumassociates.com

What is Allotment Agreement?

Allotment Agreement outlines new price of shares, new number of shares and investment terms for existing shareholder of the company.

Chieng & Lum Associates https://www.chienglumassociates.com

What is Joint Venture Agreement?

It is an agreement that used to outline combination of capitals, obligations and contribution of resources of each involving party.

Chieng & Lum Associates https://www.chienglumassociates.com

Should I engage a solicitors before applying for loan to finance purchase of Property?

It is advisable to conduct a preliminary due diligence check first before proceed to apply for loan approval.

Chieng & Lum Associates https://www.chienglumassociates.com

What are the basic step flows to complete a sale and purchase transaction?

1) Viewings conducted with or without involvement of an agent 2) Videos taking of the property condition 3) Before signing agent's booking form, engage a solicitor to carry out simple and basic due diligence as well as vetting through the booking form 4) Handling your loan approval 5) Loan approved and proceed to share relevant details to your solicitors 6) Solicitors to prepare SPA and Loan Documents for signing. 7) The rest of works you may leave to your Solicitors to advise. Contact us for more!

Chieng & Lum Associates https://www.chienglumassociates.com

Why should your law firm being elected?

We ensure prompt and swift revert with guaranteed zero loss in handling your conduct of matter.

Chieng & Lum Associates https://www.chienglumassociates.com

What should I do next after I obtained Grant of Probate?

If you plan not to resell the estate, it is advisable to proceed with transmission of the estate in accordance with Grant of Probate. This is to ensure cheaper costs before the inflation of costs.

Chieng & Lum Associates https://www.chienglumassociates.com

What is Service Agreement?

Agreement of this kind will generally cover binding terms between a service provider and a customer/hirer that dictates the terms including but not limited to :- (a) scope and nature of duties and obligation of service provider; (b) consideration and cost of services to be rendered with its manner of payment clearly laid out; (c) termination clause (punitive nature); (d) tenure of service to be rendered. Contact us for more.

Chieng & Lum Associates https://www.chienglumassociates.com

Can I demand full sets of keys for the Property after the completion of sales?

Vendor is only duty bound to deliver keys that he have as of date of booking unless sale and purchase agreement has mentioned all keys shall be delivered.

Chieng & Lum Associates https://www.chienglumassociates.com

What are the basic steps to apply Grant of Probate?

a) Furnish original Will to solicitors (Solicitors will check whether the Will is valid) b) Identify the Executor (Solicitors will check whether Executor is available to carry out the Will) c) Gather complete documents to prepare cause paper d) Relevant parties to sign cause paper e) Filing to Court and waiting for Hearing Date f) Attended Hearing and Grant of Probate is issued Contact us for more!

Chieng & Lum Associates https://www.chienglumassociates.com

What documents I should prepare for your firm to handle Grant of Probate?

In common, law firm will require the following documents:- a) Original Documents, b) Death Certificate, c) Executor's IC, list of assets and liabilities, d) Beneficiaries' IC.

Chieng & Lum Associates https://www.chienglumassociates.com

In the event of Letter of Administration, how to identify the right person to be Administrator?

Preferences will usually goes to:- a) spouse; or b) children; or c) siblings; or d) parents; or e) other beneficiaries.

Chieng & Lum Associates https://www.chienglumassociates.com

What should list of assets and liabilities covers?

Includes but not limited to Properties, Bank Accounts, EPF/Investment(s), Shares, Vehicles, Jewelries, Fix Deposits and etc. private assets (may it be moveable or immovable)

Chieng & Lum Associates https://www.chienglumassociates.com

What is the steps flow for application Letter of Administration?

Basic steps shall includes the followings:- 1) Identify the candidate for Administrator; 2) Identify the List of Assets and Liabilities of deceased's; 3) Appointment of Administrator; 4) Prepare Cause Paper for relevant parties to sign; 5) File signed documents to court; 6) Court reviews documents and set Hearing Date; 7) Issuance of Letter of Administration.

Chieng & Lum Associates https://www.chienglumassociates.com

What should I do next after I obtained Letter of Administration?

Administrator now is legally allowed to carry out the following actions:- a) Sell Property; b) Deal with banks on its fund therein; c) Transfer any assets covered by the Letters; d) Pay debts and taxes on deceased's behalf; e) Distribute assets as per the Letters.

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How long does it take to get a response from your firm?

Are consultations free?

Can I get legal services online?

Do I need a lawyer for Sale & Purchase Agreement (SPA)?

How long does bank loan documentation take to prepare?

Can I buy property without checking documents?

Why is a loan agreement important?

How long does loan documentation take to be prepared?

Why do companies need legal advise for financing?

How often should a company seek corporate legal advisory?

Why is a partnership agreement important?

Why should a lawyer draft my commercial agreement?

Can you review contracts drafted by another party?

How long does uncontested divorce take?

Who will get custody of children?

Do both parties need to attend court?

What happens if someone dies without a Will?

How long does probate take?

Is a handwritten Will valid in Malaysia?

How often should I update my Will?

What is the minimum retainer period?

Do SMEs need a legal retainer?

Can I customise my retainer package?

Is stamp duty for love and affection transfer is fully exempted?

Can I transfer property with an existing housing loan?

How long does the discharge process take?

What if my property has no title yet?

Can you help with corporate disputes?

Is a JV the same as a partnership?

Can a partnership agreement be verbal in Malaysia?

What happens if a partner wants to leave?

Can I pull out after bidding?

Can I get a loan extension?

What if squatters refuse to leave?

Can foreign companies enter JV in Malaysia?

Is a tenancy agreement mandatory?

Who pays for stamping?

How long does a caveat last?

Can a caveat be challenged?

Can anyone lodge a caveat?

Is WhatsApp or verbal agreement enough?

Can I charge interest?

Do both parties need to meet in person?

Can a Executor of a Will be replaced or changed?

What if there is Tenant staying inside the auctioned Property?

What kind of checking do I need to conduct before bidding an auction Property?

What kind of due diligence?

Can I get your service to advise the terms stated in the Proclamation of Sales?

Does your company take responsibility for evicting tenants after a property has been purchased?

What is the advantages of buying/bidding Auction Property?

What kind of costs I spent in bidding Auctioned Property is claimable?

What factors would affecting the payable legal fee in bidding and purchase Auctioned Property?

Before bidding Auctioned Property, what kind of cost factors shoud I consider?

If I am getting the same bank who auction off the Property to finance my bided Auctioned Property, will it be completed faster?

Can the tenant removes the inventories affixed into the Auctioned Property?

What if Tenant wishes to continue renting the Auctioned Property before expiry of Tenancy Agreement?

If there is no valid Tenancy Agreement, can I demand the Tenant to yield up the Auctioned Property?

If Auction Property is not issued with Individual Title, does it affect my ownership over the said Property?

If the market value of the Auctioned Property is higher than my purchase price, any additional fee I should be paying?

What is double transfer means?

Should I advance all outstanding fees for the Auctioned Property before I can claim the same from the Auction Bank?

Can you share most of time what kind of outgoings is claimable?

All the renovation costs I spent on Auctioned Property, can it be used to reduce RPGT tax when I resell later?

What should I do after I am allowed to enter the Auctioned Property?

In the event that I bided above reserved price, when should I top up the balance 10% deposit?

If my loan of margin is lesser than 90% of the purchase price, when should I top up the shortfall?

Can I meet the previous owner to conduct handover of the Auctioned Property?

If there is caveat lodged by third party after your bid, can you take any legal action against Auction Bank?

Can your law firm ensure the Auction transaction is completed in time?

Master Title or Individual/Strata Title which one is better for consideration in investing Auctioned Property?

What if I realised the Auctioned Property I bided has illegal activity occurring therein?

Why should you choose us?

Can caveat be relodged on same reason?

Can one of the divorcing party lodge caveat against the matrimonial Property?

What is the estimated costs for a caveat to be registered at land office?

I am giving a friendly loan to my friend, can i lodge a caveat over his Property?

Do you need a lawyer to lodge a caveat?

Can Landlord demand additional Restoration Deposit from Tenant?