General Authorisation to Sell (MNKL)

MN ASSOCIATES (KL) SDN BHD is hereby authorized to collect and accept from the Purchaser(s) on behalf of the Vendor a sum equivalent to 3% plus Tax (if any) of the Purchase Price (“Earnest Deposit”) as Stakeholder, and MN ASSOCIATES (KL) SDN BHD is authorized to deduct the said agreed professional fee and Tax (if any) due from the Earnest Deposit upon execution of the SPA before releasing the balance (if any) to the Vendor. In the event the said Earnest Deposit is insufficient to pay MMN ASSOCIATES (KL) SDN BHD’ full professional fees and relevant Tax, the Vendor hereby undertakes and agrees to make good the shortfall immediately.
In the event Earnest Deposit has been paid and the sale transaction is aborted by the Vendor or by the Purchaser(s) before the execution of the SPA, the Vendor agrees to pay MN (KL) ASSOCIATES SDN BHD a professional fee equivalent to 50% of the Earnest Deposit or forfeitable deposit or 50% of the agreed full fees, whichever is lesser, plus the relevant applicable Tax.
The Vendor agrees to fully indemnify MN ASSOCIATES (KL) SDN BHD against all losses/damages or claims by the Purchaser(s) if the Vendor for any reasons whatsoever fail to execute, or does not proceed with the execution of the SPA after the Earnest Deposit has been paid or collected.
The Vendor hereby authorizes MN ASSOCIATES (KL) SDN BHD to utilize any form of advertisement to promote the sale of the said Property, including but not limited to putting up a “FOR SALE” signboard at the said Property or to advertise the said Property through any form of media.

General Authorization to Sell (MNKL)

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General Authorization to Sell (MNKL)

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