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Saturday, February 1, 2014

Leasehold Properties: How to extend


National Land Code (Act 56 of 1965) under section 197 underlines procedures to extend the lease of a leasehold property.
(In Selangor, the extension of lease is governed by the Selangor Land Rules 2003 and Selangor Quarry Rules 2003)

Lease Extension Process

The owner of the property will have to complete:

  • Borang 12A Permohonan Untuk Menyerahkan Balik Tanah (application to surrender and re-alienate land to extend lease duration)
  • Borang Perihal Tanah dan Peribadi Pemohon
  • Jadual 1 (Peraturan 2) Kanun Tanah Negara Perintah Tanah Kerajaan
  • Butir-Butir Permohonan Tanah Oleh Individu
  • To provide copies of your quit rent (cukai tanah) and assessments (cukai taksiran) receipts for the current year
  • To provide the original title of the property
  • To provide a copy of their National Registration Identity Card (NRIC)
The process usually takes aproximately 2 years from the beginning to issuance of new title. Have to wait la :) 

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