Saturday, March 15, 2008

Title

Title

There are two categories of title in Malaysia. Freehold which gives the owner full, permanent ownership of the property and leasehold which allows the owner to stay in possession for a limited period. Most leaseholds titles are for 99 years and can be extended on paying a further sum.

A house receives a title and an apartment or condominium is given a strata title. In the case of new apartment buildings the strata title may not be issued for some time after the building is completed.

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