Title and Characteristics of Property Sample Clauses

Title and Characteristics of Property. Seller, as of the date of execution of this Agreement, owns the Property in fee simple and has marketable and good title of public record and, in fact, the Property at Closing shall have the title status as described in Section VIII of this Agreement.
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Title and Characteristics of Property. The Grantor, as of the Effective Date, owns the Property in fee simple and has marketable and good title of public record.

Related to Title and Characteristics of Property

  • PARTICULARS OF PROPERTY Strata title of the subject property has been issued by relevant authority. Strata Title No & Lot No : Geran 58203/M1B/19/115, Xxx 000 Xxxxxxx 00, Xxxxxx xx Xxxxx Xxxxxx, District of Kuala Lumpur and State of Wilayah Persekutuan Kuala Lumpur. Developer’s Parcel No : BT-19-2, Type X0, Xxxxxx Xx. 00, Xxxxxxxx Xx. Xxxxx Xxxxxx Xxxxx, The Binjai on The Park Floor Area : 207 square metres (approximately 2,228 square feet) Tenure : Freehold Vendor : Layar Intan Sdn Bhd (268199-D) Beneficial Owner(s) : CHAN XXXX XXXXX & XXX XXX LENG Encumbrance : Assigned to Standard Chartered Bank Malaysia Berhad Category of land use : Bangunan Express Condition : Pangsapuri Kos Mewah LOCATION AND DESCRIPTION OF THE PROPERTY The subject property is located within a luxury housing development known as The Binjai on The Park whick is located along Persiaran KLCC within the Golden Triangle of Kuala Lumpur. The property is a condominium unit and bearing postal address is Unit No. BT-19-2, The Binjai On The Park, Xx. 00, Xxxxxxxxx XXXX, 00000 Xxxxx Xxxxxx. RESERVE PRICE The property will be sold on an “as is where is” basis and subject to a reserve price of RM3,900,000.00 [RINGGIT MALAYSIA: THREE MILLION NINE HUNDRED THOUSAND ONLY], and the Conditions of Sale by way of an Assignment/Transfer from the above Assignee/Bank or Developer and subject to the consent being obtained by the Purchaser from the relevant authorities, if any, including all term, conditions, stipulations and covenants which were and may be imposed by the relevant authorities. The Assignee/Bank will bear the outstanding charges of the property (including developer/proprietor/management office’s service/maintenance charges, sinking fund, quit rent and assessment, late penalty charges) up to the date of auction sale only but subject to a maximum amount of 50% of the Reserve Price of the subject property. The successful bidder (“the Purchaser”) shall have firstly settled all sums outstanding due and owing to the relevant authorities or the developer/proprietor/management’s office in respect of the said Property and forward a copy of the receipt of payment together with outstanding xxxx/statement of account to the Assignee/Bank or the Assignee/Bank’s solicitors within sixty (60) days from the date of the sale, unless there has been prior agreement by the Assignee/Bank otherwise. The successful bidder (“the Purchaser”) shall be liable to pay any arrears of taxes, utilities charges (telephone bills, electricity bills, water bills (for landed property) and sewerage charges) which may be due in respect of the said property together with the payment of administrative cost and legal fees in respect of the Assignment/Transfer and/or the consent from the Developer of the said property. All intending bidders are required to deposit 10 % of the fixed reserve price BY BANK DRAFT before commencement of Auction made in favour of STANDARD CHARTERED BANK MALAYSIA BERHAD for (CHAN XXXX XXXXX & XXX XXX LENG) and pay the difference between the initial deposit and the sum equivalent to 10% of the successful bid price either in cash or bank draft or cashier’s order to the Assignee/Bank. The balance of the purchase price is to be settled within Ninety (90) days from the date of the sale via XXXXXX/BY BANK DRAFT made payable to STANDARD CHARTERED BANK MALAYSIA BERHAD for (CHAN XXXX XXXXX & XXX XXX LENG) to Messrs Seow & Megat Solicitors for the Assignee/Bank. Alternatively intending bidders who are interested to bid online are required to deposit 10 % of the fixed reserve price by BANK DRAFT in the name of STANDARD CHARTERED BANK MALAYSIA BERHAD for (CHAN XXXX XXXXX & XXX XXX LENG) via Pos Laju services (Pos Malaysia) or by hand to the Auctioneer at least one (1) working day before the auction date. The said intending bidders must register at xxx.xxxxxxxxxxxxxxxx.xxx or URL xxxxx://xxx.xxxxxxxxxxxxxxxx.xxx/ and are further subjected to the Online Terms and Conditions. For further particulars, please apply to Messrs. Seow & Megat, Solicitors for the Assignee/Bank at Suite 17.03, Level 17, Wisma MCA, 000, Xxxxx Xxxxxx, 00000 Xxxxx Xxxxxx. (Ref.: Please Advise, Tel.: 00-00000000 Fax: 00-00000000) or the under mentioned Auctioneer:- EHSAN AUCTIONEERS SDN. BHD. (Co. No. 617309-U) DATO’ HAJI XXXXX XXXXX BIN P.V. ABDU (D.I.M.P) Xxxxx X-00-0X, Xxxxx 00, Xxxxx X, Xxxxx Xxxxxx II, / XXXXX XXXXX BIN XXXXXX 00, Xxxxx Xxx Xxxx Xxxx, 50450 Kuala Lumpur (Licensed Auctioneers) Tel No.: 00-0000 0000 Fax No.: 00-0000 0000 Our Ref: ALIN/SCB1571/SM E-mail: xxxxxx@xxxxxxxxxxxxxxxx.xxx Website: xxx.xxxxxxxxxxxxxxxx.xxx HP NO. : 000-0000 000 (CALL, WHATSAPP & SMS) PERISYTIHARAN JUALAN DALAM PERKARA PERJANJIAN KEMUDAHAN, PENYERAHANHAK (PIHAK PERTAMA) XXX XXXXX XXXXX XXXXX XXXXXXXXXX XXXXXXXXX 00XX JANUARI, 2011 DIANTARA STANDARD CHARTERED BANK MALAYSIA BERHAD [No. Syarikat: 198401003274 (115793-P)] PEMEGANG SERAHHAK/BANK XXX XXXX XXXX XXXXX (PASPORT REPUBLIK SINGAPURA NO.: S1108207F)‌ XXX XXX LENG (PASPORT REPUBLIK SINGAPURA NO.: E1686173N) PENYERAHHAK/PEMINJAM Menurut kuasa xxx xxx xxxx telah diberikan kepada Pemegang Serahhak/Bank di bawah Perjanjian Kemudahan, Penyerahanhak (Pihak Pertama) xxx Surat Kuasa Wakil kesemuanya bertarikh 10hb Januari, 2011 di antara Pemegang Serahhak/Bank xxx Penyerahhak/Peminjam, adalah dengan ini diisytiharkan bahawa Pemegang Serahhak/Bank dengan dibantu oleh Pelelong yang tersebut di bawah akan menjual hartanah yang diterangkan di bawah secara:- LELONGAN AWAM PADA HARI SELASA, 16HB NOVEMBER 2021, JAM 3.00 PETANG, TEMPAT: XX XXXXX LELONGAN “EHSAN AUCTIONEERS SDN.BHD.” SUITE C-0-3A, LEVEL UG, BLOCK C, MEGAN AVENUE II, 00, XXXXX XXX XXXX XXXX, 50450 KUALA LUMPUR XXX XXXXXX ELEKTRONIK XX XXXXX WEB XXX.XXXXXXXXXXXXXXXX.XXX (BAGI TAWARAN SECARA ATAS TALIAN). NOTA : Sebelum lelongan, semua penawar yang berminat adalah dinasihatkan seperti berikut:-

  • Title and Risk 6.1 The risk in the Goods shall pass to the Customer on completion of delivery.

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