tiktok³ÉÈË°æ

The Tax Lien Certificate Sale document is a crucial instrument in Malaysian property tax administration, used when property owners have failed to pay their property taxes. This document facilitates the sale of tax liens to private investors, allowing local authorities to recover unpaid taxes while transferring collection rights to the certificate purchaser. It is specifically designed to comply with Malaysian taxation and property laws, including the Local Government Act 1976 and National Land Code 1965. The document includes essential details such as property information, delinquent tax amounts, interest rates, redemption periods, and foreclosure rights, ensuring all parties understand their rights and obligations under Malaysian law.

1. Parties: Identification of the tax authority issuing the certificate and the purchaser of the tax lien

2. Background: Context of the tax delinquency, legal basis for the tax lien sale, and property identification

3. Definitions: Key terms used throughout the document including technical and legal terminology

4. Property Details: Specific description of the property subject to the tax lien, including legal description and address

5. Tax Lien Details: Amount of delinquent taxes, interest, penalties, and other charges comprising the lien

6. Purchase Price and Payment Terms: Total purchase amount and payment requirements for the tax lien certificate

7. Rights and Obligations: Specific rights granted to the purchaser and ongoing obligations of all parties

8. Redemption Period: Timeframe and conditions under which the property owner can redeem the property

9. Interest Rate and Penalties: Applicable interest rates and penalties during the redemption period

10. Foreclosure Rights: Conditions and procedures for initiating foreclosure if redemption doesn't occur

11. Governing Law: Specification of Malaysian law and relevant jurisdictional authorities

12. Execution: Signature blocks and attestation requirements