Quit rent: Implications facing errant landowners

Bernama
16 June, 2021Updated:almost 5 years ago
(freepik)

KUALA LUMPUR (March 18): The arrears in quit rent by landowners in the Federal Territory of Kuala Lumpur as at December 31, 2020,  amounted to RM19,584,478.00 and  involved 15,727 titles, said the Federal Territory Land and Mines director Datuk Muhammad Yasir Yahya.

He said based on records, there were 165,371 registered land titles in Kuala Lumpur in early 2020, with 16 per cent of them (26,551 land titles) having quit rent arrears amounting to  RM28,809,508.30.

He said various efforts were made by the Federal Territory Land and Mines Office to reduce the amount of the arrears.

"Among them were conducting Ops Ketuk, serving notices by hand to the errant landowners, holding engagement sessions with landowners, opening of payment counters after office hours, data clearing and enforcing the law,” he said in a statement today.

Apart from that, he said, various initiatives were made by the office to facilitate landowners to pay their quit rent, including introducing online payment (FPX) through the land office portal at www.ptgwp.gov.my and , Internet Banking (M2U, Cimbclicks and RHB Online) and cash payment at  the Post Office and DBKL Counters.

Meanwhile, Muhammad Yasir said  failure by the landowners in settling their quit rent arrears could impede any transactions involving the property.

These include to sub-divide and develop the land, as well as to merge the land and change the land category, transfer of ownership, to lease or mortgage the land, he added.

The greater risk, he said, is the landowners facing forfeiture of the property by the government as provided by  Section 97 and Section 100 of the Land Code.

For the record, since the establishment of the Federal Territory of Kuala Lumpur in 1974, the quit rent has been revised four times, in 1975, 1984, 1994 and 2006.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories

Latest publications

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

whatsapp
telegram
facebook
CLOSEclear

Malaysia's Most
Loved Property App

The only property app you need. More than 200,000 sale/rent listings and daily property news.

App StoreGoogle Play
Mobile logo