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selling residential land

296 Views  ⚫  Asked 4 Years Ago
asked on Aug 13, 2014 at 02:54
by   liewmunyaw
Hi all,

I would like to understand more about the sale process. The residential land has 3 ownership title.

After accepted the buyer’s offer, on the signing day, I understand that will receive a deposit of 10% of the purchase price.

Will this 10% deposit and balance separate to 3 different ownership ?

Do we need to inform the lawyer to separate to 3 different ownership ?

Or there is a standard procedure that it is compulsory to separate to 3 different ownership ?

If not, which of the ownership will receive the money if nothing is inform to the lawyer?

Pls advice.

Thanks
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