You should be Malaysian Bar chairman la, taikor

so you mean it's optional then?

It's their option, not yours,mate.

Hi there, thanks.

Tax is 6%, she used the old quotation for last year

11> bankcrupcy done in SPA, so no need in loan.
14> same, charged in SPA more, so lesser on loan.

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Added on April 14, 2011, 3:53 pmhaha, okay. then I can't do anything then...

thx for ur help again!

This post has been edited by surf-it: Apr 14 2011, 03:53 PM

Surt-it: Ok, I got it.

Hi Dario,
Normally it takes how long to transfer a master title to a strata title?
My S&P lawyer told me that i need at least 10mths then only can get the key
Coz the owner is now in the midst of transfer strata title from the developer.

Can't the developer undertake to execute a direct transfer in favour of you as the new purchaser? It's done all the time.

Execute S&P already?

10 months is a long time but perhaps your S&P lawyer ought to know better as to how he estimated that 10 months' timeframe.

thanks dariofoo , you are so helpful , how about the 50% off on stamp duty work ?

Hi, may i know is the bankruptcy search for loan agreement is searching who? i kena charge 80 and call up the lawyer say suppose to be 12/pax and she saying that not only search on the borrower only but also the developer la, this and that la... is this true?
the other thing like land search she say need do 2 time one time is RM30
and when i ask for the receipt from her she say cannot la, stamping no receipt la, the troublesome to pass all receipt la, this and that...

Just wish to know what is our right? Lawyer also hard to be trusted... aih...

Bro, Call up the Jabatan Insolvency or MYEG company to know how much. MYEG also got advertise in TV.

Bankruptcy Search need to be done on all party involve. Purchaser, Vendor, Developer and Proprietor. Without them, the process will get stuck and cann't proceed.

Land Search you can call up the land office or go have a visit if you want to.

If you don't trust your lawyer, go to your lawyer office to check it out from them. You can ask the leng lui incharge the file bring out your file and see it yourself in the signing room. After everything complete.

It is quite troublesome to deliver all those receipt to you by mail or courier or fax.

Thanks for the info. I had signed th SPA...
I hv no idea about that, my lawyer just told me that they are in the midst of transferring the strata title.
Anyway thank you so much.. will ask her opinion again

http://forum.lowyat.net/topic/1748580

Bankruptcy search - RM12/pax - you can search online at Jabatan Insolvensi Malaysia website.
Search will be done on you and the proprietor (assuming that the developer does not own the land, and that the land belongs to an individual)

Company search - RM15/search - you can search online at SSM website
Search will be done on developer and proprietor (assuming that developer does not own the land, and that the land belongs to a company)


How can she say like that? Stamping is nominal RM10 and will be reflected on the agreement itself. For others there would be receipts.
Disbursements are for exact costs incurred by the lawyer on your behalf. Any excess (which means that the lawyer overcharged you) ought to be refunded.

1. Trust your lawyer
2. Choose another lawyer whom you can trust; OR
3. Do it yourself and trust yourself, of course.

If u don't trust your lawyer then tell your lawyer that that you will do everything by yourself , i.e

i) land search, caveat search
ii) winding up search, company search
iii) liase with developer and/or proprietor
iv) adjudicate the transfer/deed of assignment online
v) register document at land office
vi) file document at the High Court
vii) affirming documents before commissioner for oaths
viii) sending & collecting documents yourself
ix) file your tax documents (for selling & buying properties)
x) print the documents

wow, that's only some of it. REMEMBER, cheap things are never good & good things are never cheap, you pay peanuts you get monkeys ....

That would be on the surface of things, and is correct to that effect.

However, the rationale for scaled legal fees (i.e. the higher the price, the higher the fees) would be that when you appoint a solicitor to act for you, you are essentially passing the risk of the transaction to the solicitor (hence the rationale for solicitors to purchase professional indemnity insurance). The solicitor bears the risk of everything.

The higher the price of the property - the higher the risk attached to it.



Sometimes pay in full also the work gets sub-con to 'monkeys'



This post has been edited by dariofoo: Apr 15 2011, 03:54 PM

Thx to all who give valuable info to me, appreciate you all's help especially dariofoo,

tomorrow will proceed to sign s&p already, hope all going smoothly... then the lawyer agree to reduce some fee already so just accept it, hope that nothing go wrong after this...

and lastly, the DOA and PA and loan agreement normally is standard right? so many pages see until pening kepala...



This post has been edited by ykl: Apr 15 2011, 04:45 PM

If you don't read and merely sign, next time when got problem I'm sure the pening kepala will be much bigger and you'll go like this ->

Hi all,

I wonder if any of you sifus out there can help me or give me a good advise. My wife put down a 2k as a deposit to purchase a condo 1400sq that comes with 2 car park at cheras perdana around 240k. We are waiting for the developer to arrange for us to sign the s&p and get us a bank to give us the housing loan through their panel lawyer.

Bad news was 2 months later the developer called us up to tell us we have to fork out an extra 11k to purchase a 3rd car park which was not mention to us earlier when we put down our 2k as a deposit. The sales people apologised but said it was their hq decision, nothing can be done.

I have refer this to my lawyer friend, advised us to go ahead with the purchase as the car park can add value to our property and can also be rent out if not in use. I came to find out that not only our unit are 'force' to buy the extra parking lot but so do other unit owners who bought the same unit as us. To me this is very frustrating as i know we are at the disadvantage coz no s & p been sign yet, so the developer can do anything. If not we are advised to take back out deposit and cancel our intention to purchase the property.

Looks like either i buy the parking lot or cancel the deal and take back my deposit!!

Hope sifus out there can advise!!.

Tq

Regards.

Gary

When you signed the booking form and paid the 2k deposit - was it stated that it came with 2 car parks? Or was it silent?
If it was stated clearly, then the developer cannot turn around and demand that you cough up a further 11k for a 3rd car park lot.

The booking form and the 2k paid forms a valid binding contract already. So, what you said about being at a disadvantage as an S&P has not been executed yet is not correct.

Insist on your right to purchase it with the 2 carpark lots as agreed when you made the booking, or else see a lawyer to send them a letter of demand if they do not want to prepare the S&P to reflect that.

Fight for your rights, mate.

Where's his legal advice? That sounds like investment advice.

Hi guys, want to know Registration Transfer - RM1500 this is so expensive? by the way snp is 340k new house from dev.