KL Landowners Owe Nearly RM20 Million In Quit Rent As Of End-2020

March 19, 2021

KL Landowners Owe Nearly RM20 Million In Quit Rent As Of End-2020

In the Federal Territory of Kuala Lumpur, landowners registered a total quit rent arrear of RM19,584,478, involving 5,727 titles as at 31 December 2020, said Datuk Muhammad Yasir Yahya, director of the Federal Territory Land and Mines.

Landowners who fail to settle their arrears in quit rent could impede any transaction that they may have involving their property, said Muhammad Yasir as quoted by Bernama.

Among them are transactions to transfer ownership, subdivide and develop the land, lease or mortgage the land, change the land category and merge the land, reported Bernama.

Check Out The Guide To Quit Rent, Parcel Rent, And Assessment Rates In Malaysia Here.

Muhammad Yasir noted that the greater risk facing landowners is the forfeiture of their property by the government under Sections 97 and 100 of the Land Code.

According to him, the Federal Territory Land and Mines Office made various efforts to lower the amount of quit rent 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.

Various initiatives were also implemented to facilitate the payment of quit rent, which include online payment (FPX) via the land office portal at www.ptgwp.gov.my, cash payment at DBKL Counters and Post Office, and Internet Banking (M2U, Cimbclicks and RHB Online), said Muhammad Yasir.

Since the Federal Territory of Kuala Lumpur’s establishment in 1974, the quit rent had been revised four times – namely, in 1975, 1984, 1994 and 2006.

 

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