Letting Of Landed Property Companies in Malaysia
Landed property companies in Malaysia are required to obtain a licence from the Ministry of Urban Wellbeing, Housing and Local Government (KPKT) in order to operate. The licence is valid for a period of one year and must be renewed annually.
Landed property companies are required to comply with the following criteria:
1. The company must be registered with the Companies Commission of Malaysia (SSM).
2. The company must have a minimum paid-up capital of RM2 million.
3. The company must have a minimum of five years’ experience in the property development or management industry.
4. The company must have a valid professional indemnity insurance policy with a minimum coverage of RM5 million.
5. The company must have a valid workers’ compensation insurance policy.
6. The company must have a valid public liability insurance policy with a minimum coverage of RM5 million.
7. The company must have a valid performance bond of RM1 million from a financial institution.
8. The company must have a valid bank guarantee of RM1 million from a financial institution.
Landed property companies are required to comply with the following criteria:
1. The company must be registered with the Companies Commission of Malaysia (SSM).
2. The company must have a minimum paid-up capital of RM2 million.
3. The company must have a minimum of five years’ experience in the property development or management industry.
4. The company must have a valid professional indemnity insurance policy with a minimum coverage of RM5 million.
5. The company must have a valid workers’ compensation insurance policy.
6. The company must have a valid public liability insurance policy with a minimum coverage of RM5 million.
7. The company must have a valid performance bond of RM1 million from a financial institution.
8. The company must have a valid bank guarantee of RM1 million from a financial institution.
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