top of page
Collection of Vacant Possession ('VP')
It is important for homebuyers to familiarize themselves with the terms and conditions stated in the Sale and Purchase Agreement ('SPA'), including provisions related to vacant possession, liquidated ascertained damages ('LAD'), defects, and dispute resolution.
We explain to you the rights and obligations, helping you understand the legal implications of taking Vacant Possession ('VP') and advising you on the best course of action.
Messrs Lui & Bhullar's Pro-Bono initiative to accompany Homebuyers during the Collection of Vacant Possession
In Malaysia, the term "vacant possession" refers to the process of handing over a property to the Homebuyer in a condition where it is ready for occupancy. It is an important stage in property transactions, especially in the context of housing development projects.
bottom of page