How to extend your lease for leasehold properties

shonhock

在市场上有几百万位投资家、买家和屋主，他们任何一个人都比我们更加紧张知道leasehold 到期，会发生什么事。
政府一早已经有了对策了啦～　

leasehold renew之前，不是说下个月、多半年就要99年到期，才开始apply如何renew这么笨的做法。
而是还有１０年就要到期，就已经开始和政府renew了～

这个link有详细的解说　"how to extend leasehold properties"
还有 formula　给买家计算　大概需要给多少钱～

How to extend your lease for leasehold properties

How to calculate the premium in Selangor

If you wish to renew your lease for a residential property within the state of Selangor, the formula for the calculation of the rate of premium is as stated below. The formula is derived from Section 7 entitled ‘Premium’ of the Selangor Land Rules 2003 & Selangor Quarry Rules 2003.

Premium = ¼ x 1/100 x Market Value of land (in sq ft) x number of years to renew x land area (in sq ft)

Example: For a 3,000 sq ft residential property in PJ with 10 years remaining on the lease (assuming it was valued @ RM120 per sq ft by the Authorities), the lease renewal fee calculation is= 0.25 X 0.01 X 120 X 89 X 3,000 = RM 80,100.

Leases are usually renewed so that there are 99 years of lease on the title. Therefore, if you have 10 years remaining on your lease, you need only pay for an extension of 89 years (99 years-10 years).

After deducting the 30% rebate, the fee payable would be RM 56,070.

The calculation of the rate of premium as mentioned above is on the land itself and does not include the building erected on the land.

Under Option no. 1 and no. 2, there is a further RM500 to be paid as contribution to the state’s cemetery trust fund, Tabung Amanah Perkuburan. The fund will enable the State Government to buy land for cemeteries.

Process of lease extension

The process of lease extension involves the government department called ‘Pentadbir Tanah Daerah Petaling’.

Among other things, the applicant (who is also the owner of the property) has to do the following:

• To complete Borang 12A ‘Permohonan Untuk Menyerahkan Balik Tanah (Mengenai kesemua tanah itu)’ (application to surrender and re-alienate land to extend lease duration);
• To complete ‘Borang Perihal Tanah dan Peribadi Pemohon’;
• To complete ‘Jadual 1 (Peraturan 2) Kanun Tanah Negara Perintah Tanah Kerajaan’;
• To complete the Form ‘Butir-Butir Permohonan Tanah Oleh Individu’;
• To give the original title of the property;
• To give copies of your quit rent (cukai tanah) and assessments (cukai taksiran) receipts for the current year;
• To give a copy of his/ her National Registration Identity Card (NRIC)
  
  

The whole process may take approximately 2 years from the time of submission of the application right up to the obtaining the new title.

ahdar

Renew 也要用不少钱,银行接受 renew 的贷款吗

shonhock

ahdar 发表于 26-9-2013 03:11 PM
Renew 也要用不少钱,银行接受 renew 的贷款吗

现在你不需要担心这种renew的问题啦～～　

目前，市场上好像都还没有 "Leasehold renewal fees loan",　对吗？？　

lhshyong

Premium = ¼ x 1/100 x Market Value of land (in sq ft) x number of years to renew x land area (in sq ft)

假设更新100 年， 那就是
¼  x Market Value of land (in sq ft) x land area (in sq ft)

也就是说 = 当时地价的25% ，
如果到时地价500 per sqf , 屋子地 2000 sqf
500 X 2000 X 25% = 250000.

ss24

之前好像发生过renewal fee太贵的事件，经过投诉，好像不懂几千还是几十千搞定了。

shonhock

lhshyong 发表于 26-9-2013 03:29 PM
Premium = ¼ x 1/100 x Market Value of land (in sq ft) x number of years to renew x land area (i ...

８０年后的rm250,000 可以买什么？　

你好像　少看了formul里的　  1/100

shonhock

ss24 发表于 26-9-2013 04:05 PM
之前好像发生过renewal fee太贵的事件，经过投诉，好像不懂几千还是几十千搞定了。

几千不可能啦～　
几十千就有...他们给的例子也是几十千而已

Premium = ¼ x 1/100 x Market Value of land (in sq ft) x number of years to renew x land area (in sq ft)

Example: For a 3,000 sq ft residential property in PJ with 10 years remaining on the lease
(assuming it was valued @ RM120 per sq ft by the Authorities),
the lease renewal fee calculation is= 0.25 X 0.01 X 120 X 89 X 3,000 = RM 80,100.

Leases are usually renewed so that there are 99 years of lease on the title.
Therefore, if you have 10 years remaining on your lease, you need only pay for an extension of 89 years (99 years-10 years).

After deducting the 30% rebate, the fee payable would be RM 56,070.

Andy66888

雖然我是美國劍橋大學畢業，但是，我是主修中文的，所以英文看不懂！Sorry

Andy66888

雖然我是美國劍橋大學畢業，但是，我是主修中文的，所以英文看不懂！Sorry

Johnson_Wong

我比较想知道lease可以转freehold吗？

Py1984

ss24 发表于 26-9-2013 04:05 PM
之前好像发生过renewal fee太贵的事件，经过投诉，好像不懂几千还是几十千搞定了。

http://www.theedgemalaysia.com/highlights/198096-lease-renewal-for-just-rm1000.html





只限民联的雪兰莪
Residential properties only
RM1,000 only, renewal for lease
若要转卖/转名者，就必须跟回formula计算给回full premium

picasoho

lhshyong 发表于 26-9-2013 03:29 PM
Premium = ¼ x 1/100 x Market Value of land (in sq ft) x number of years to renew x land area (i ...

不是用100年后的地价算， 是用现在的政府部门估价师的现在的地价来算。formula 就不确定对不对，那天和土地局的官员谈到的时候他们有帮我算我的一块地extend , 用上面的 formula 得不到接近的数目。大概是15% of land value 罢了。

但是确定是用现在的地价，我也是雪州。 算法以前和现在好像没有变， 只是 selangor 政府多设了一个选择，如果你要 extend 然后继续拥有，你只需要付 RM1000 加一点点地费用，就能够extend 到99 年，但是如果你extend 了之后， 卖了出去转名的时候就要把那个地的 premium 还给政府，才能够成功割名。

其实以前 extend 的时候就还 premium 是比较值得的，因为是用 apply extend 的时候的地价， 比如说是 2013 年，地价RM 50 一方尺， 15% 才 RM7.5

但是用现在的算法，先甜后苦，只需要付rm1000 就能extend 了， 但是如果5年十年后打算卖， 就用那个时候的地价来算 premium , 不是用10年前 apply extend 的时候的土地价格。十年后那片地价格去到了RM 100 的话，15% 就是 RM15 / sqft 的 premium 了，先有一点小甜头，后面才来赚够他。除非是确定永远都不卖地的人，否则现在雪州的土地extend 算法肯定会让你呕更多出来，越迟卖呕越多。而且民联也能够用 rm1000 的“低”价得到宣传的机会。非常聪明的做法。但是我个人是认为几乎没有土地是“永远”都不会卖的， 除非是我的祖宗墓地罢了。

财聚人散

Premium = ¼ x 1/100 x Market Value of land (in sq ft)x number of years to renew x land area (in sq ft)

那么请问condo的算法又如何呢？condo被分成这么多个单位，“market value of land” 这块要怎么算？

假设讲某间condo单位的built up是1200sf ？