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Deposit and Purchase Price Calculation Guide

Puan Jamilah is purchasing a bungalow for RM 600,000 and has paid RM 1,000 in earnest money, with a 15% deposit required, resulting in a balance of RM 89,000 to be paid upon signing the agreement. The total balance of the purchase price after the deposit will be RM 510,000, and if she refuses to buy the house after paying the deposit, it will be forfeited. The document also includes calculations for other buyers regarding their deposits and balances.

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Abu Sabil
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10 views3 pages

Deposit and Purchase Price Calculation Guide

Puan Jamilah is purchasing a bungalow for RM 600,000 and has paid RM 1,000 in earnest money, with a 15% deposit required, resulting in a balance of RM 89,000 to be paid upon signing the agreement. The total balance of the purchase price after the deposit will be RM 510,000, and if she refuses to buy the house after paying the deposit, it will be forfeited. The document also includes calculations for other buyers regarding their deposits and balances.

Uploaded by

Abu Sabil
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd

TUTORIAL

Puan Jamilah wish to buy a double storey bungalow


house in Manjung at RM 600,000. Before she sign an
agreement, she has already paid earnest money at RM
1,000. Assuming deposit is 15%.
Advise her on the balance of deposit to be paid and

proper time to pay the deposit to the owner


What is the balance of purchase price she need to

settle
What is the consequences if she refused to buy the

house after deposit paid.


What happen if the transaction was not approved by

the Menteri Besar


TUTORIAL-Answer
[Link] 15% X RM600,000 =RM90,000
Earnest money RM1,000
Balance of deposit : RM90,000-RM1,000 =RM89,000
Deposit normally collected upon signing the agreement

[Link] of purchase price =RM600,000-RM90,000


RM510,000

[Link] deposit will be forfeited

d. ?????????
TUTORIAL
Calculate the balance of deposit and purchase price:
i. Encik Ali paid 1.5% of earnest money, 10% deposit and

selling price RM 500,000


ii. Mr Lim paid 5% booking fee , 5% deposit and selling
price is RM380,000
iii. Miss Zee paid 15% deposit and selling price

RM900,000
iv. Mr Chee paid by six (6) installment for a land worth

RM38,000. First payment is RM8,000 and second


installment RM6,000. Calculate the balance of other
installments.

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