Saturday, November 19, 2011

REINSTATEMENT OF LEASE TO 99 YEARS IN SELANGOR

THE STATE GOVT OF SELANGOR is giving "fast track" approval for the reinstatement of lease from remaining balance to 99 years. This process is opened from 22nd to 27th of November 2011. From the check list given the State Government will be collecting good revenue from this exercise. This will include official land search fees, attestation, submission fees, new premium rates. The Rakyat will also have to cough out banking charges if their properties are under charge or debenture...

Solicitors are also gaining from this fast track transformation.

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