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Property ownership costs

Property ownership costs

Old Apr 18th 2013, 1:25 pm
  #1  
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Default Property ownership costs

'Quit rent' and 'Assessment tax' are two new terms that I've uncovered as we research the possibility of buying a place in KL. it would really help in our financial model to know what the rates and frequencies of these charges are but I can't find a suitable website. Can any property owners in KL (I guess rates are state dependent) shed any light on this?
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Old Apr 20th 2013, 2:09 am
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Default Re: Property ownership costs

I think you will find these vary depending on the property. A local real estate agent and/or lawyer should be able to give you details. One important factor when buying a property is to ensure the vendor/developer is up to date with quit rent payments.
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