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About KLCC-Property.com
Utilizing our exceptional experience and knowledge of the luxury residential markets, KLCC Team serve an extensive and elite worldwide client base.
Our Mission
Providing tailored solutions, fostering homeownership dreams, and creating value. Our commitment to integrity and satisfaction drives innovation and community growth
Our Values
With our years of experience, impressive property portfolio, celebrity clientele, and unparalleled knowledge of the market and pedigree estates, our estimable business is sophisticated and renowned.
Our Vision
Leading real estate innovation, enriching lives. We aspire to redefine industry standards, creating vibrant communities, and empowering individuals through exceptional services and sustainable growth.
Our Resources
A dynamic blend of skilled professionals, cutting-edge technology, vast market knowledge, and strategic partnerships. These assets drive our excellence, efficiency, and successful real estate endeavors
Meet our team
If you want the best care possible for your real estate needs, our certified professionals are here to help
Testimonials
Our client testimonials
Happy Buyer
With Luke, the transaction is hassle-free and pleasant. We engaged him during our wedding preparatory period and with his expertise and dedication, we managed to secure our first dream house without any issues. His response has always been prompt and his friendliness always make you feel like a friend instead of your agent. Besides, he is humble, easy to approach to and most importantly, being honest and sincere to bring up the pros and cons of every unit. All in all, a very highly recommended agent, housing adviser and friend.
Happy Seller & Buyer
Luke is responsive agent who is able to answer to my queries promptly. He is friendly and has a positive working attitude. He is always there for me whenever I need any assistance on housing issues. I wish him all
the best in his career.
Happy Buyer
Luke is very professional and patient with his client. He assisted us in searching for our dream home from initial screening of units to the final deal negotiations. He has helped us to get discount over the initial asking price. Luke is also very meticulous and detailed in the applications and he provided us a lot of useful insights. He is always there to answer our queries and this is very helpful for us as first time buyer especially when we are clueless at a lot of things. 5 stars for his service and definitely will recommend him to all my friends and family!
Frequently Asked Questions
You can use this guide to familiarize yourself with rules, laws and other important information relating to your property.
SPA stands for “Sales and Purchase Agreement.” It is a legally binding contract used in real estate transactions to outline the terms and conditions of the sale or purchase of a property. The SPA details important information such as the parties involved, property description, purchase price, payment terms, completion date, and other relevant terms and conditions. Once both parties agree to the terms and sign the SPA, it becomes a binding agreement that governs the transaction. It is a crucial document that helps ensure a smooth and transparent property transaction between buyers and sellers.
A tenancy agreement, also known as a lease agreement or rental agreement, is a legal contract between a landlord (property owner) and a tenant (individual or entity) for the rental of a property. The tenancy agreement outlines the terms and conditions of the rental arrangement, including rights and responsibilities of both parties. It serves as a reference point to avoid misunderstandings and disputes during the tenancy period.
Key components of a tenancy agreement typically include:
1. Parties Involved: Names and contact details of both the landlord and the tenant.
2. Property Description: Clear description of the rented property, including address and details of the premises.
3. Rental Terms: Rent amount, frequency of payments, and due dates. It may also specify whether utilities or maintenance fees are included.
4. Security Deposit: Amount of the security deposit, conditions for its refund, and how deductions will be determined.
5. Duration: Start and end dates of the lease term. This could be a fixed-term lease (e.g., one year) or a periodic lease (e.g., month-to-month).
6. Renewal and Termination: Procedures for renewing or terminating the lease, notice periods required by both parties, and penalties for early termination.
7. Maintenance and Repairs: Responsibilities for property maintenance and repairs, including who is responsible for specific repairs and maintenance tasks.
8. Rules and Regulations: Any rules, regulations, or restrictions related to the use and care of the property, such as restrictions on subletting or pets.
9. Entry and Inspection: Conditions under which the landlord can enter the property for inspections or repairs, along with notice requirements.
10. Liability and Insurance: Indication of who is responsible for insurance coverage, liability for damages, and what insurance each party should have.
11. Dispute Resolution: Procedures for resolving disputes between the landlord and tenant.
12. Signatures: Signatures of both parties, indicating their agreement to the terms and conditions outlined in the agreement.
Tenancy agreements may vary in content and specific clauses based on local laws and regulations. It’s important for both landlords and tenants to carefully review and understand the terms of the agreement before signing. Consulting legal professionals or real estate experts can provide additional guidance and ensure that the agreement is fair and legally sound.
Yes, in many countries, including Malaysia, you are typically required to pay stamp duty when buying a house. Stamp duty is a government tax imposed on various types of transactions, including property purchases, to validate and legalize the documents involved in the transaction.
In the context of buying a house in Malaysia, you would be subject to stamp duty for various documents related to the property transaction, including:
1. Sales and Purchase Agreement (SPA): This is the main agreement that outlines the terms and conditions of the property purchase. Both the buyer and seller are required to pay stamp duty on the SPA.
2. Loan Agreement: If you are obtaining a housing loan to finance the purchase, you may need to pay stamp duty on the loan agreement as well.
3. Transfer of Ownership (Transfer Deed)/ Memorandum of Transfer (MOT): When the property ownership is officially transferred to your name, stamp duty is also applicable for this document.
The exact amount of stamp duty varies based on factors such as the property value, type of property, and location. Stamp duty rates are typically specified by the government and may be a percentage of the property’s purchase price or value.
It’s important to check with the relevant government authority or consult with legal professionals or real estate experts in your area to determine the specific stamp duty rates and requirements for property transactions. Properly accounting for stamp duty and other associated costs is crucial when budgeting for a property purchase.
In Malaysia, the responsibility for paying stamp duty on a tenancy agreement (also known as a lease agreement or rental agreement) is typically borne by the tenant. The tenant is the party renting the property, and as part of the rental agreement process, they are often required to cover the cost of the stamp duty.
The amount of stamp duty payable for a tenancy agreement depends on various factors, including the duration of the lease and the total rental amount over the lease period. Stamp duty rates are determined by the government and are subject to change, so it’s important to verify the current rates and regulations applicable to your specific situation.
It’s recommended for both landlords and tenants to consult with legal professionals or relevant authorities to ensure compliance with stamp duty requirements and other legal obligations when entering into a tenancy agreement.
In Malaysia, legal real estate agents are individuals who are registered and licensed by the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP). BOVAEP is the statutory body responsible for regulating valuers, appraisers, estate agents, and property managers in Malaysia.
To verify the status of a real estate agent’s license in Malaysia, you can visit the official website of the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) and use their online search tool. This tool allows you to check the registration and licensing details of real estate agents operating in Malaysia.
It’s NOT advisable to pay cash directly to a real estate agent for transactions. Instead, it’s recommended to follow proper and secure payment methods to ensure transparency, accountability, and legal compliance. Here’s why:
1. Transparency: Using electronic payment methods or checks provides a clear and documented record of the transaction, which helps prevent misunderstandings and disputes.
2. Legality: Many countries have regulations and anti-money laundering measures in place that require certain financial transactions to be traceable and transparent. Paying cash may raise concerns about compliance with these regulations.
3. Receipts and Records: When you make a payment electronically or by check, you typically receive a receipt or confirmation that serves as evidence of the transaction. This can be important for your records and for future reference.
4. Security: Cash payments can be risky, as they may be subject to theft or loss. Using electronic payment methods reduces these risks.
5. Professionalism: Conducting transactions through proper payment channels enhances the professionalism of the real estate process and helps maintain the credibility of both parties involved.
If you’re making a payment to a real estate agent for their services, it’s recommended to discuss and agree upon the payment method in advance. Real estate agents often prefer electronic transfers or checks for their own record-keeping and financial management. Always ensure that you receive a proper receipt or confirmation of payment for your records.
If you have any doubts or concerns about payment methods, it’s advisable to consult with your real estate agent, legal advisor, or financial institution to ensure that you’re following appropriate procedures and complying with any legal requirements in your region.
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