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propriete
post Aug 2 2011, 10:58 PM

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QUOTE(dariofoo @ Aug 1 2011, 11:10 AM)
Bro,

I have answered your question yesterday. But it's ok, I'll make it clearer for you.

Clause 5 which I had explained in that topic on Stamp Duty clearly states:

5.The Sale & Purchase Agreement is executed on/after 01.01.2011 but on/before 31.12.2012

LHDN does not look at date of MOT. It is date of SPA which matters.

So, you will not qualify for the rebate.

Sorry,mate.  icon_rolleyes.gif
*
Sorry. Didn't see your post before. Thanks a lot. Cheers.
ayha2009
post Aug 2 2011, 11:31 PM

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QUOTE(propriete @ Aug 2 2011, 10:58 PM)
Sorry. Didn't see your post before. Thanks a lot. Cheers.
*
Hi, my previous Laywer was close shop.
I need to find another Laywer to execute my property perfection of tranfer.
Can help to provide advice?
Any tips of the Laywer standard charges?
Thanks in advance.


quinnie
post Aug 3 2011, 09:03 AM

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[quote=dariofoo,Aug 2 2011, 12:42 PM]
Goodness. Well you can write officially to him and ask for a refund. If he still plays hardball then get a lawyer to send him an LOD. Claim for interest upon the RM15K from Dec 2010 also. But interest not much la. The law has been amended. Used to be 8%/annum but now only 4%.


Dear Dario,

May i know wat is LOD ? How much lawyer will charge me for issue LOD ? I already report to police twice, he still play hardball. I really need help and advise. Thank you very much

chee yat
post Aug 3 2011, 09:32 AM

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I wish to ask that is it the offer letter prepare by agent is protected by law and powerful enough?
Because the unit i view recently the ceiling on d bathroom there seem to be leaking, so the agent told me no problem.
Just stated down at the offer letter there then will make sure the owner repair it before hand over the house to you.
Somemore d agent say u can make special remark there if the loan amount cannot get 370k, they will return the deposit to you.

So please do advice, need your guys help here...
jeff_v2
post Aug 3 2011, 10:42 AM

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hi, my lawyer juz informed that within this week they can obtain the redemption statement and letter of no obejction.

so roughly when can the agreement settle? lawyer advise me around 1month ++
need advise here coz i need to cancel my rental agreement within 1month also.
TSdariofoo
post Aug 3 2011, 10:47 AM

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QUOTE(kmf165 @ Aug 2 2011, 04:31 PM)
Orite taikor, thanks a lot!  notworthy.gif
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You're welcome,brother smile.gif

cheers.gif
TSdariofoo
post Aug 3 2011, 10:48 AM

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QUOTE(propriete @ Aug 2 2011, 10:58 PM)
Sorry. Didn't see your post before. Thanks a lot. Cheers.
*
No problem. Also posted an answer it at the other topic. icon_rolleyes.gif
TSdariofoo
post Aug 3 2011, 10:51 AM

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QUOTE(ayha2009 @ Aug 2 2011, 11:31 PM)
Hi, my previous Laywer was close shop.
I need to find another Laywer to execute my property perfection of tranfer.
Can help to provide advice?
Any tips of the Laywer standard charges?
Thanks in advance.
*
Should not be a problem. Quite straightforward. In fact, you can ask your bank (which you're currently taking the housing loan) to recommend a law firm for you as well, if you think that you're not sure of one.

Legal fees will be not more than 50% of the scaled fees, which is fixed according to purchase price, subject to minimum of RM200. You can download the SRO at the first page or calculate using the calculator using the link at the first page.


ycngjack1
post Aug 3 2011, 12:32 PM

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ic, thanks for that, ohya e lawyer firm asked me for this, A copy of the title in respect of the property, what is this? i told them i don't have this, they can actually help me get that right for SNP purpose? and how to make sure that the vendor clear all his debts on water, electric and cukai pintu when i got the house?
TSdariofoo
post Aug 3 2011, 12:42 PM

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QUOTE(quinnie @ Aug 3 2011, 09:03 AM)
[Dear Dario,

May i know wat is LOD ? How much lawyer will charge me for issue LOD ? I already report to police twice, he still play hardball. I really need help and advise. Thank you very much
*
LOD - Letter of Demand. How much? You can refer to post #1859 at the last page of this thread.

This post has been edited by dariofoo: Aug 3 2011, 12:44 PM
TSdariofoo
post Aug 3 2011, 12:49 PM

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QUOTE(chee yat @ Aug 3 2011, 09:32 AM)
I wish to ask that is it the offer letter prepare by agent is protected by law and powerful enough?
Because the unit i view recently the ceiling on d bathroom there seem to be leaking, so the agent told me no problem.
Just stated down at the offer letter there then will make sure the owner repair it before hand over the house to you.
Somemore d agent say u can make special remark there if the loan amount cannot get 370k, they will return the deposit to you.

So please do advice, need your guys help here...
*
Whether or not it is powerful depends on what is stated in it. Different letters of offer would have different terms.

Yes it would be prudent to state it in the letter of offer but remember that it must be stated in the SPA as well. The SPA supercedes the letter of offer, so if it is not stated in the SPA, you can't go back to the terms of the letter of offer anymore. Just inform you lawyer about the additional terms to be added in the SPA.

Regarding the loan, if you can find out before signing the SPA, then you can get a refund of the deposit provided that the vendor agrees to it in the letter of offer. In fact, better get a timeframe to apply for loan even before appointing a lawyer to do the draft SPA if you have a feeling that the deal might collapse due not you not being able to obtain a favourable loan. If you already instructed a lawyer to prepare a draft SPA for you and after a few days, you find out that you have to abort the deal as you fail to obtain favourable loan, then you have to pay some fees to the lawyer. If you're confident that you can get a favourable loan, just go ahead and start the ball rolling on the SPA side.


TSdariofoo
post Aug 3 2011, 12:54 PM

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QUOTE(ycngjack1 @ Aug 3 2011, 12:32 PM)
ic, thanks for that, ohya e lawyer firm asked me for this, A copy of the title in respect of the property, what is this? i told them i don't have this, they can actually help me get that right for SNP purpose? and how to make sure that the vendor clear all his debts on water, electric and cukai pintu when i got the house?
*
Title would be referring to the Geran - the document who states the particulars of the property registered with the Land Office, the owner, and any dealings registered or presented on the land. The lawyer ought to ask for a copy of the title from the developer, and not you.

With regard to the outgoings, the usual way is for the vendor to produce the paid receipts for water, electricity, indah water, etc, on/before the date of surrender of keys to the purchaser. If you're taking a loan, you don't need to worry about assessment and quit rent as these would need to be paid up and the receipts given to the bank before advise for drawdown, i.e. release of the loan.

icon_rolleyes.gif
ycngjack1
post Aug 3 2011, 01:08 PM

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QUOTE(dariofoo @ Aug 3 2011, 12:54 PM)
Title would be referring to the Geran - the document who states the particulars of the property registered with the Land Office, the owner, and any dealings registered or presented on the land. The lawyer ought to ask for a copy of the title from the developer, and not you.

With regard to the outgoings, the usual way is for the vendor to produce the paid receipts for water, electricity, indah water, etc, on/before the date of surrender of keys to the purchaser. If you're taking a loan, you don't need to worry about assessment and quit rent as these would need to be paid up and the receipts given to the bank before advise for drawdown, i.e. release of the loan.

icon_rolleyes.gif
*
Yya im taking loan, so bank will supervise on that la? wah looks like they ease our worries ya! thanks!! okok, how many days do lawyer need to get land search n everything document and prepare the snp? i worry on the expiredate for my execution for snp, how can i make sure i stay in the duration of sign snp?
TSdariofoo
post Aug 3 2011, 03:01 PM

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QUOTE(ycngjack1 @ Aug 3 2011, 01:08 PM)
Yya im taking loan, so bank will supervise on that la? wah looks like they ease our worries ya! thanks!! okok, how many days do lawyer need to get land search n everything document and prepare the snp? i worry on the expiredate for my execution for snp, how can i make sure i stay in the duration of sign snp?
*
Bank will supervise on what? You better not misunderstand. Your SPA lawyer will communicate with the vendor or the vendor's lawyer, if any, to get the necessary documents. With regard to the assessment and quit rent receipt, your loan lawyer will request for it. It's not the bank who will supervise it. They will just require a copy of it to be forwarded to them.

How many days to do land search? Depends on how efficient your lawyer is. Usually 2-3 working days.
ycngjack1
post Aug 3 2011, 03:06 PM

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QUOTE(dariofoo @ Aug 3 2011, 03:01 PM)
Bank will supervise on what? You better not misunderstand. Your SPA lawyer will communicate with the vendor or the vendor's lawyer, if any, to get the necessary documents. With regard to the assessment and quit rent receipt, your loan lawyer will request for it. It's not the bank who will supervise it. They will just require a copy of it to be forwarded to them.

How many days to do land search? Depends on how efficient your lawyer is. Usually 2-3 working days.
*
rclxub.gif rclxub.gif rclxub.gif misunerstand just now...
haha, now ok, vendor and i using the same lawyer, hope can ease the progress sweat.gif
thanks anyway, u been so helpful so me as a very beginner thumbup.gif
quinnie
post Aug 3 2011, 03:45 PM

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QUOTE(dariofoo @ Aug 3 2011, 12:42 PM)
LOD - Letter of Demand. How much? You can refer to post #1859 at the last page of this thread.
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#1859 i cant see there is any charges state there, mind to tell me, many thanks in advance. do you have any litigation lawyer can intro to me ?
ayha2009
post Aug 3 2011, 04:58 PM

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QUOTE(dariofoo @ Aug 3 2011, 10:51 AM)
Should not be a problem. Quite straightforward. In fact, you can ask your bank (which you're currently taking the housing loan) to recommend a law firm for you as well, if you think that you're not sure of one.

Legal fees will be not more than 50% of the scaled fees, which is fixed according to purchase price, subject to minimum of RM200. You can download the SRO at the first page or calculate using the calculator using the link at the first page.
*
Thanks a lot.
TSdariofoo
post Aug 3 2011, 05:00 PM

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QUOTE(ycngjack1 @ Aug 3 2011, 03:06 PM)
rclxub.gif  rclxub.gif  rclxub.gif misunerstand just now...
*
Alright. No worries. Experience is the best teacher. nod.gif

QUOTE(ycngjack1 @ Aug 3 2011, 03:06 PM)
thanks anyway, u been so helpful so me as a very beginner thumbup.gif
*
That's what this thread is for. Cheers. cheers.gif
TSdariofoo
post Aug 3 2011, 05:02 PM

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QUOTE(quinnie @ Aug 3 2011, 03:45 PM)
#1859 i cant see there is any charges state there, mind to tell me, many thanks in advance. do you have any litigation  lawyer can intro to me ?
*
Silly me. doh.gif It's #1856.

Sorry no asking for recommendations for law firms here. Read the first post of this thread. Try opening a topic in the forum itself if you want recommendations. nod.gif
webber
post Aug 4 2011, 10:50 PM

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Hi, I'm buying a condo at Pandan Puteri Condo, Pandan Indah, 55100 Kuala Lumpur from an owner which the title is still under master title. From what I know, the strata title of the property is currently in the process to transfer to the owner.

1) May I know how long it would take normally for the transfer process to be completed? I saw some article on the Internet says that the "Computerization System of Strata Titles" has been implemented and the process will be shorten (but how long is it?). According to the owner, it will take 2 to 3 months. Is he correct?

2) And how long would it take to transfer the title from the owner (after the he got the title from developer) to me after that?

THanks a lot!

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