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Charge Form (Form 16a)

This document is a standard form (Form 16A) for creating a charge (lien) on land in Malaysia to secure repayment of a principal loan sum. The form outlines the parties to the charge (the chargor and chargee), describes the land being charged, and acknowledges receipt of the loan. It secures repayment of the loan sum plus any interest to the chargee. The chargor and chargee sign the form, which may include additional provisions regarding payment terms, interest rates, etc. in an attached annexure.

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3K views2 pages

Charge Form (Form 16a)

This document is a standard form (Form 16A) for creating a charge (lien) on land in Malaysia to secure repayment of a principal loan sum. The form outlines the parties to the charge (the chargor and chargee), describes the land being charged, and acknowledges receipt of the loan. It secures repayment of the loan sum plus any interest to the chargee. The chargor and chargee sign the form, which may include additional provisions regarding payment terms, interest rates, etc. in an attached annexure.

Uploaded by

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

National Land Code

Act No 56 Of 1965
FIRST SCHEDULE

Form 16A [Section 242] - Charge (To secure payment of a principal sum)
[Heading]
National Land Code
Form 16A
(Section 242)
CHARGE
(To secure payment of a principal sum)
[Heading]

I,.......................... of.................................
*proprietor of the land/undivided share in the land described in the schedule below;
*lessee/sub-lessee under the *lease/sub-lease described in the schedule below of the land so
described;
For the purpose of securing*(a) the repayment to the chargee named below, with/without interest of a loan of RM..........., the
receipt of which I hereby acknowledge;
*(b) the payment to the chargee named below, with/without interest, and in consideration of-*
......................................................... of the sum of RM .............................;
*(c) the payment to the chargee named below, with/without interest, of the sum from time to time
due to him on *my current account/the following account kept between us;
Hereby charge the said *land/the undivided share in the land/lease/sub-lease with the payment to
him of the said sum and interest thereon, if any in accordance with the provisions annexed
hereto.
Dated this ..............day of ............, 19 ...........
..........................................................
Signature (or other form of execution)
by or on behalf of chargor
[Attestation Clause]

I, ............................. of ................................... accept this charge.


..........................................................
Signature (or other form of execution)
by or on behalf of chargee
[Attestation Clause]
[Schedule]
ANNEXURE
(......................................)
(Provisions as to payment,rate of interest,etc.)
______________________
*Delete as appropriate.

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