Why Did the Developer Ask Me to Do “Perfection of Transfer & Charge” After So Many Years?
You bought your dream property back in 2013. After years of waiting, you finally collected vacant possession in 2016 and moved on with life. Then one day, a letter suddenly arrives from the developer: “The strata title for your property has been issued. Please attend to our panel solicitor’s office for Perfection of Transfer and Charge.” Naturally, you start wondering: What is “Perfection of Transfer”? Why do I need to do this now? Is it compulsory? What happens if I ignore it? Must I use the developer’s lawyer? If you are facing this situation, don’t worry — this is a very common process for stratified properties in Malaysia such as condominiums, apartments, serviced residences, and townhouses.