A land title is a legal document issued by the
Malaysian government through the Land Office that details the rightful owner of
a piece of land or property.
The common land title in Malaysia is:
a) Town lease (TL) – Generally the land is
classified within the town area. Leases are to be 99, 60 or 30 years.
b) Country lease (CL) — also known as mixed zone
– Land classified outside the town area. Leases are to be Freehold, 999, 99 or
60 years.
c) Native title (NT) – Land classified for
native own and is perpetual basis. Their practical bankable value for financing
purposes is lower than other forms of leases due to their restriction of
dealing limited between natives.
d) Malay Reserve – Land classified for Malay own
and is perpetual in basis, their practical bankable value is as what NT is.
e) Field Register (FR) – Land classified under
NT. It is a temporary title which land office has yet to issue the final title.
f) Provisional Lease (PL) – Provisional title
issue during the time of Her Majesty. Any land with PL is to be recommended to
be re-surveyor prior to development and normally converted into CL.
g) Temporary Occupation Lease (TOL) – As stated,
it is a lease granted by the state government to lease the land to you for a
certain amount of years with a certain amount of annual rent. Usage such as
extraction of timber, sand, rock, and minerals falls into Temporary Occupation
Lease.
All of the above land titles contain such
information:
a) Land type (TL, CL, NT, etc)
b) Title number
c) The date that this title is registered and
expires
d) Annual rent
e) Special terms if any
f) Land size and site plan
g) Owners name