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- W4385276645 abstract "The developer transferred a 99-year lease to the purchasers in a PLS instead of transferring the property ownership. Upon lease expiry, the property shall be reverted to the owner. In Malaysia, the Housing Development (Control & Licensing) Act 1966 (HDA 1966) regulates that a developer must transfer property ownership to the purchasers. Build and lease under the PLS does not comply with the law. This article is a conceptual paper that employs doctrinal research to analyse the legal position of property sale under a PLS and examine its compatibility with the existing law. The Courts' decisions on cases related to a PLS property are analysed to determine the PLS's implication on the purchasers' interest. Ultimately, to safeguard the purchasers, the amendment of the laws is recommended as a legal platform to legitimise the PLS." @default.
- W4385276645 created "2023-07-27" @default.
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- W4385276645 date "2023-07-26" @default.
- W4385276645 modified "2023-09-25" @default.
- W4385276645 title "THE LEGALITY OF A PRIVATE LEASE SCHEME: PULL THE WOOL OVER THE PURCHASER’S EYES?" @default.
- W4385276645 cites W2169587945 @default.
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- W4385276645 doi "https://doi.org/10.21837/pm.v21i27.1288" @default.
- W4385276645 hasPublicationYear "2023" @default.
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