02Dec2024 Thomas MJC Shop Lot2597
Designation: REA
Commercial Property

SOLE AUTHORIZATION TO SELL

I/We Lee Siew Poh(NRIC No.560913105874), the registered/beneficial owner(s) for the property held under title Lot 2597 Block 217 Kuching North Land District bearing the postal address BL106, Jalan Batu Kawa, Batu Kawah New Township, 93250 Kuching, Sarawak (the “said Property”) hereby engage you SINJUN PROPERTIES as my/our SOLE AGENT for a period of THREE (3) calendar months commencing from the 02 Dec 2024 (02-12-2024) and expiring on the 01 Mar 2024 (01-03-2025) (“Sole Period”) to sell the said Properties to any purchaser(s) at the selling price of RM495,000 (Ringgit Malaysia Four Hundred and Ninety Five Thousand Only ONLY) or the nearest offer to be agreed by the Vendor (“Purchase Price or Sale Price”) subject to the following terms and conditions:-

In consideration of Sinjun Properties providing the service for the marketing and sale of the said Property, the Vendor hereby agrees to pay Sinjun Properties a professional fee equivalent to 3% of the Sale Price of the said Property, OR a professional fee equivalent to NIL, plus 8% Government Service Tax (SST) on the professional fees:-

1. upon the sale of the said Property to any Purchaser(s) procured and/or introduced by Sinjun Properties on the terms specified herein and upon the execution of the formal Sale and Purchase Agreement (“SPA”); OR

2. When the said Property is sold, or contracted to be sold, OTHER than by the Vendor personally, during the Sole Period or early termination/revocation of his Sole Authorization, if any; OR

3.Even if after the expiry of the Sole Period, the Vendor enters into a formal SPA with a Purchaser(s) who was introduced or procured by Sinjun Properties prior to the expiry of the Sole Period.

This Sole Authorization to sell the said Property shall remain valid during the Sole Period. The said Sole Agency shall expire at the end of the term unless it is renewed by the Vendor and Sinjun Properties by mutual consent.

Sinjun Properties is hereby authorized to collect and accept from the Purchaser(s) on behalf of the Vendor a sum equivalent to 3% or RM 14,850.00 of the Sale Price or best offer (“Earnest Deposit”) as Stakeholder and pay to Sinjun Properties Client’s Account within the NEXT WORKING DAY.

Sinjun Properties is authorized to deduct the said agreed professional fee and SST due from the Earnest Deposit upon execution of SPA before releasing the balance (if any) to the Vendor. In the event the said Earnest Deposit is insufficient to pay Sinjun Property full professional fees and SST, 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 Sinjun Properties 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 SST.

This engagement shall be naturally terminated upon completion of the engagement duration. On the other hand, both parties have the avenue to terminate the engagement in writing at any time in event of force majure (which includes prolonged Movement Control Order imposed by authority). A two (2) months prior notice should be given in writing to signify such intention to terminate. All outstanding payments must be cleared irrespective of the stages of the dealings, until the last client is fully served for the conclusion to the Sale and Purchase Agreement, that this agreement would be ended in good faith.

The Vendor agrees to fully indemnify Sinjun Properties against all losses/damages or claims by the Tenant(s) if the Vendor for any reason whatsoever fails 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 Sinjun Properties to utilize any form of advertisement to promote the sale of the said Property/Development, including but not limited to putting up a “For Sale” signboard at the said Property/Development or to advertise the said Property/Development through any form of media.

This instruction contained herein is given to Sinjun Properties in the Vendor’s capacity as: (DELETE whichever not applicable)
The registered proprietor/absolute beneficial owner of the said Property

Terms and Conditions of Sale:
10% of the Purchase Price of the Said Property (inclusive of Earnest Deposit) to be paid by the Purchaser(s) upon execution of the SPA.
The balance 90% of the Purchase Price to be paid within three (3) months from the date of execution of the SPA OR date of receipt by the Purchaser’s Solicitors of the Developer’s Confirmation/Developer’s Consent/State Authority’s Consent/Statutory Body Consent and/or the issuance of the Certificate of Completion and Compliance/Certificate of Fitness/Occupation Permit, whichever is later and whichever is applicable.
An extension of a further One(1) months may be granted to the Purchaser(s) to enable him to settle in full whatever is the outstanding balance, provided interest is chargeable on the unpaid balance at 6% (Six percent) per annum calculated on a day to day basis.

The Said Property is sold on an “As Is Where Is” basis with Without Vacant Possession (with Tenancy) and subject to the inventory list as per attached (if any).

Declaration:

Declaration by Landlord as the information provided is true and correct. I also understand that any willful dishonesty may render for refusal of this application or immediate termination of SOLE engagement/appointment/authorization.

Signed by the registered proprietor/
Beneficial owner of the said property
at below E-signature

Name: Lee Siew Poh
IC No.: 560913105874
Tel: 0163390782

Witnessed by 3009 of Sinjun Properties E(3)2077
This is a digital generated copy of Sole Authorization to Sell, no signature is required of REN/PEA/REA who generated this document as their identity are already captured as approved user.

Date of Engagement: 02/12/2024