Common use of Strata Title Clause in Contracts

Strata Title. Strate Title has been issued The Bank shall pay only the outstanding maintenance charges (including late penalty charges, sinking fund and quit rent) which is unpaid for up to a maximum of 6 years preceding the successful auction date, and subject always to a maximum amount of 10% of the reserve price. The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance charges and quit rent by way of original receipt(s) and/or copy of the original receipt(s) duly certified by issuer of the said receipt(s) and itemized billing of the respective charges to the Assignee/Lender together with the payment of the Balance of Purchase Price. For the avoidance of doubt, in the even such receipt(s) and itemized billing are not submitted, any subsequent claims made thereunder will not be entertained by the Assignee/Lender. ▇▇. ▇▇ (▇▇▇▇▇▇▇▇ ▇▇▇▇), (LICENSED AUCTIONEER)

Strata Title. Strate Strata Title has been issued The Bank shall pay only the outstanding maintenance charges (including late penalty charges, sinking fund and quit rent) which is unpaid for up to a maximum of 6 years preceding the successful auction date, and subject always to a maximum amount of 10% of the reserve price. The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance charges and quit rent by way of original receipt(s) and/or copy of the original receipt(s) duly certified by issuer of the said receipt(s) and itemized billing of the respective charges to the Assignee/Lender together with the payment of the Balance of Purchase Price. For the avoidance of doubt, in the even such receipt(s) and itemized billing are not submitted, any subsequent claims made thereunder will not be entertained by the Assignee/Lender. ▇▇No. ▇▇ 7A (▇▇▇▇▇▇▇▇ ▇▇▇▇Opposite LHDN), (LICENSED AUCTIONEER)

Strata Title. Strate Strata Title has been issued The Bank shall pay only the outstanding maintenance charges (including late penalty charges, sinking fund and quit rent) which is unpaid for up to a maximum of 6 years preceding the successful auction date, and subject always to a maximum amount of 10% of the reserve price. The Successful Purchaser shall submit evidence of the relevant payments in respect of maintenance charges and quit rent by way of original receipt(s) and/or copy of the original receipt(s) duly certified by issuer of the said receipt(s) and itemized billing of the respective charges to the Assignee/Lender together with the payment of the Balance of Purchase Price. For the avoidance of doubt, in the even such receipt(s) and itemized billing are not submitted, any subsequent claims made thereunder will not be entertained by the Assignee/Lender. ▇▇. ▇▇ (▇▇▇▇▇▇▇▇ ▇▇▇▇), (LICENSED AUCTIONEER)