Section 10
of Housing Control And Licensing Developers Rules 1980
State Subsidiary LegislationIn forceProvision 10 of 17
Section 10
(1)
A purchaser of housing accommodation including the land shall not be required to pay a booking fee of a sum exceeding 2.5 per centum of the purchase price of such housing accommodation including the land.
(2)
Notwithstanding paragraph (1) of this rule, no purchaser of a housing accommodation including the land shall be required to pay a booking fee of a sum exceeding one thousand ringgit.
(3)
For purposes of this rule, the term “booking fee” shall include any payment by whatever name called which payment gives the purchaser an option or right to purchase the housing accommodation including the land.
Proprietor to be a party to a contract of sale.