Comments on: Legal Fees for Property Transaction – Sales & Purchase

By: pablopabla

pablopabla — Mon, 21 Mar 2011 02:36:54 +0000

Wilson : Ask for a copy of the Invoice for the Legal Fees & Disbursements from the lawyer. Based on a selling price of RM246,000.00 and being a purchase from a developer, the legal fees (excluding disbursements) alone would be RM1,520.40.

By: WILSON SELING JALONG

WILSON SELING JALONG — Fri, 18 Mar 2011 17:37:50 +0000

I bought a house for RM248,000 end of 2007. I paid RM500 for booking fee. Sales/marketing officer asked for RM1000.00 for commission. i paid Rm1500.00 on 16 Feb 2008 for legal fee but was given a temporray receipt value at RM3,388.00. the developer informed me that the price of my house was revised to RM246,000.00 on 10 Dec 2007. When i asked for the difference of RM2,888.00, i was told that the money is for paying legal fee. How come i have to pay another RM2888.00 when the price of the house was reduced to RM246,000.00. I got confused and do not know what the developer and legal firm are doing. Would you mind explain all these to me?
TQ

By: JS SIOW

JS SIOW — Wed, 29 Dec 2010 05:48:26 +0000

thank so much for ur feed back. tqvm!

By: pablopabla

pablopabla — Wed, 29 Dec 2010 04:21:49 +0000

JS Siow : The fees are as per the law. Disbursements are also accurately reflected.

By: JS SIOW

JS SIOW — Wed, 29 Dec 2010 03:36:13 +0000

this is my first time pur house, i just received quotation from my lawyer, and i feel quite expensive…so anybody can give me advise?

By: JS SIOW

JS SIOW — Wed, 29 Dec 2010 03:26:44 +0000

ANYONE CAN TELL ME, MY LAWYER CHARG IS REASONABLE?
HOUSE PUR PRICE RM 183,000

LEGAL FEE RM 1731
CKHT 2 RM 300(MY DAD N ME)
5% GOV TAX RM 96.55
STAMPING S&P RM 40
STAMP DUTY RM 1330(50%)
REGISTRATION RM 300
5% GOV TAX AGAIN RM 96.55
BY POST RM 300

TOTAL RM 4194.10

By: sherry

sherry — Tue, 28 Sep 2010 09:27:50 +0000

thanks for your feed back regarding the transfer among siblings share/portion for love and affection. The apartment assessment value is RM160K. What is the cost I should pay for the transfer of my sister’s share to me as a gift??

By: pablopabla

pablopabla — Tue, 07 Sep 2010 04:56:02 +0000

AL : On the 2nd part of your question, again, this lawyer is quoting based on what the law stipulates. I am not in a position to recommend another lawyer. If you were to come to me, I will also be charging the same. Do note that any lawyer who gives a discount are in breach of the Solicitor’s Remuneration Order 2005. Would you willingly pay a lawyer to do your job albeit at a discount if this very lawyer is one who knowingly breaks the law?

By: pablopabla

pablopabla — Tue, 07 Sep 2010 04:52:27 +0000

AL : On the first part of your question, the lawyer’s quote is correct and follows the provisions under the Legal Profession Act 1976 and the Solicitor’s Remuneration Order 2005. Under the SRO 2005, no discount may be given for the legal fees charged – which is RM4,150.00 only in your case. Whilst you may feel that it is a friendly transaction, the solicitor is rendering a professional service and he is taking his work seriously.

By: AL

AL — Mon, 06 Sep 2010 22:40:07 +0000

sorry, i accidentally sent the incomplete email to you.

Continue
————

My cousin’s fee is :

RM300.00

Receipt & Reassignment RM 400.00

Direct Consent RM300.00

CKHT 1 RM300.00 RM1,300.00

=========
RM 1,300.00
5% GST 65.00
Disbursement
1. Affirmation on Statutory Declaration RM 20.00
2. Stamping on the Deed of Receipt & Reassignment RM 50.00
3. Registration of Power of Attorney RM 20.00
4. Telephone, photostating & fax RM 100.00
5. Travelling charges RM 200.00
6. Courier Charges & Posting RM 150-00
7. Miscellaneous RM 60.00 RM 650.00
==============
RM 2,015.00 ==============

May I know if this fee is reasonable considering that we are using the same lawyer and that I am paying cash and paying off her bank loan soon. I am paying her the total of 500k directly without going through the lawyer. We just go and sign the S&P without question. My cousin and I are very close and we have no problem. In fact, I have already paid half of the amount and waiting for bank to let us know the redemption amount to settle off her loan. We just need an S&P to transfer the condo to my name. Will I be able to get a cheaper rate than the above from another lawyer? We thought by using her existing lawyer (whom she bought the condo from), we can save some money. But it appears to be quite expensive. Do you think the fee is reasonable? If not, can you recommend me another lawyer? Thank you.

Thank you.