Tuesday, 15 October 2013

Malaysia Properties - Progressive Payment

Third Schedule

(Clause 4)
Schedule of Payment of Purchase Price

Installment Payable%
1. Immediately Upon the signing of the Agreement10
2. Within 21 working days after receipt by the Purchaser of the Vendor's written notice of the completion of

a)the work below ground level of the said Building comprising the said parcel including foundation of the said building".

b)the structural framework of the said Parcel

c)the walls of the said parcel with door and window frames placed in position.

d)the roofing, electrical wiring, plumbing (without fittings), gas piping (if any) and internal telephone trunking and cabling to the said parcel.

e)the internal and external finishes of the said Parcel including the wall finishes.

f)the sewerage works serving the said Building.

g)the drains serving the said Building

h)the roads serving the said Building




10


15

10

10


10

5

5

5
3.On the date the Purchaser takes vacant possession of the said Parcel with water and electricity supply ready for connection12.5
4.On the date of the Purchaser takes vacant possession of the said Parcel as in item 3 and to be held by the Vendor's Solicitors as stakeholder for payment to the Vendor within twenty-one (21) working days after the receipt by the Purchaser of the written confirmation of the Vendor's Submission to and acceptance by the Appropriate Authority of the application  for subdivision of the said Building or Land, as the ease may be 2.5
5.On the date the Purchaser takes vacant possession of the said Parcel as in item 3 and to be held by the Vendor's solicitor as stake holder for payment to the Vendor as follows:-
a)two point five per centum(2.5%) at the expiry of eight(8) months after the date the Purchaser takes vacant possession of the said Parcel; and
b)two point five per centum (2,5%) at the expiry of twenty four (24months) after the date the Purchaser takes vacant possession of the said Parcel.
5



*To use as reference and may subject to developer Development.