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TSdariofoo
post Aug 5 2011, 03:38 PM

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QUOTE(webber @ Aug 4 2011, 10:50 PM)
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!
*
1) Hard to tell. Depends highly on the efficiency of the land office in question. I'd give it roughly 2-3 months at the soonest.
2) Can do back to back transfer. Then the only thing left in between is adjudication by LHDN. That won't take long nowadays. Fastest can be roughly 5 working days, and 10 working days latest.

PS: Is it too late for the developer to agree to do direct transfer of title to you? Furthermore, vendor does not have to pay stamp duty. See your luck if developer agrees or not. nod.gif

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dvilpink
post Aug 5 2011, 04:38 PM

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hello, i need some information, may i noe if i interested in litigation part, which firm should i to go for chambering in kl? thanks
TSdariofoo
post Aug 5 2011, 05:48 PM

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QUOTE(dvilpink @ Aug 5 2011, 04:38 PM)
hello, i need some information, may i noe if i interested in litigation part, which firm should i to go for chambering in kl? thanks
*
Civil, criminal, quasi-criminal, corporate - there's so many types of litigation. Which one are you interested in? Big firm, small firm? Expected salary? There's so many considerations that one cannot just pull a name out of the hat just like that smile.gif


dvilpink
post Aug 5 2011, 09:04 PM

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QUOTE(dariofoo @ Aug 5 2011, 05:48 PM)
Civil, criminal, quasi-criminal, corporate - there's so many types of litigation. Which one are you interested in? Big firm, small firm? Expected salary? There's so many considerations that one cannot just pull a name out of the hat just like that  smile.gif
*
civil criminal also can, but prefer criminal, not big and small firm, most important is i can learn..thanks =)

TSdariofoo
post Aug 5 2011, 10:08 PM

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QUOTE(dvilpink @ Aug 5 2011, 09:04 PM)
civil criminal also can, but prefer criminal, not big and small firm, most important is i can learn..thanks =)
*
Might as well go for civil-criminal, as you can still opt to go for civil if you later find that criminal practice is not your cup of tea.

Some recommended firms who do civil-criminal:

1. Karpal Singh & Co.
- criminal and general civil litigation.

2. Gobind Singh Deo & Co.
- criminal and general civil litigation

3. Wong Kian Keong
- white collar & quasi criminal and general civil litigation

4. Kuldip & Co.
- criminal and civil litigation, specialising in accident (runner) cases.

5. Jagjit Singh & Co.
- criminal and civil litigation, specialising in accident (runner) cases.

6. Suresh Thanabalasingham
- criminal, specialising in habeas corpus for ISA and EO cases and a bit of civil general litigation.

7. Rao & Kamal
- criminal and civil litigation, specialising in accident (runner) cases.

That's basically what I can come up with at this moment. At all the above firms, I believe that you can really learn a lot during your 9 months' chambering period.

For the complete address and contact details, use the link to find a law firm at the first page of this thread.

Good luck icon_rolleyes.gif
puffyfish
post Aug 5 2011, 10:29 PM

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May I know how to check via website whether the developer is registered with Housing and Local Ministry ?

Thanks .
escargo75
post Aug 6 2011, 12:03 AM

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Hi Dariofoo,

Can you please glance thro whether my lawyer charge me reasonable fees. I am the vendor and selling an apartment with the master title. I bought the unit more than 5 years ago and the purchaser is engaging his own lawyer.. Price is RM155k.

SnP agreement - $1,535
Submission CKHT 1A - $300
Receipt and Reassignment - $300
Revoke of Power of Attorney - $100
Service tax 6% - $134.10
Total fees - $2,369.10

Disbursements
Land search - $60
Bankcruptcy search - $40
CTOS search - $40
Stamping of R&R - $40
Registration Fee For Revocation of PA - $40
Miscellaneous - $50
Transport - $200
Total Disbursement - $470
Fees & Disbursements - $2,839.10


TSdariofoo
post Aug 6 2011, 01:33 AM

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QUOTE(escargo75 @ Aug 6 2011, 12:03 AM)
Hi Dariofoo,

Can you please glance thro whether my lawyer charge me reasonable fees. I am the vendor and selling an apartment with the master title. I bought the unit more than 5 years ago and the purchaser is engaging his own lawyer.. Price is RM155k.

SnP agreement  -      $1,535
Submission CKHT 1A - $300
Receipt and Reassignment - $300
Revoke of Power of Attorney - $100
      Service tax 6%  - $134.10
      Total fees                                          - $2,369.10

Disbursements
Land search            - $60
Bankcruptcy search - $40
CTOS search          - $40
Stamping of R&R    - $40
Registration Fee For Revocation of PA - $40
Miscellaneous        - $50
Transport              - $200
                Total Disbursement  - $470
                Fees & Disbursements - $2,839.10
*
CTOS search for RM40 is rubbish. You don't need that.

The rest you can compare with the other samples in this thread.

icon_rolleyes.gif

dvilpink
post Aug 6 2011, 09:28 AM

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QUOTE(dariofoo @ Aug 5 2011, 10:08 PM)
Might as well go for civil-criminal, as you can still opt to go for civil if you later find that criminal practice is not your cup of tea.

Some recommended firms who do civil-criminal:

1. Karpal Singh & Co.
- criminal and general civil litigation.

2. Gobind Singh Deo & Co.
- criminal and general civil litigation

3. Wong Kian Keong
- white collar & quasi criminal and general civil litigation

4. Kuldip & Co.
- criminal and civil litigation, specialising in accident (runner) cases.

5. Jagjit Singh & Co.
- criminal and civil litigation, specialising in accident (runner) cases.

6. Suresh Thanabalasingham
- criminal, specialising in habeas corpus for ISA and EO cases and a bit of civil general litigation.

7. Rao & Kamal
- criminal and civil litigation,  specialising in accident (runner) cases.

That's basically what I can come up with at this moment. At all the above firms, I believe that you can really learn a lot during your 9 months' chambering period.

For the complete address and contact details, use the link to find a law firm at the first page of this thread.

Good luck  icon_rolleyes.gif
*
thanks for the information =)
logezzz
post Aug 6 2011, 03:57 PM

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Hi Dariofoo,
I going to sell off my apartment since i can't afford it anymore and i already got buyer for it.

When asking for the settlement amount, they told me RM98K and it can't discount anymore.
They said if i pay cash then i will get a discounted amount (not selling the house to others).

1) May i know is there any possibilities to reduce the amount if i sell the house? (write in or appeal or anything) Currently i have bank loan outstanding for rm7k with bank.

2) I have maintenance fees outstanding for rm15k. Can write in to them for a discount to settle all this amount?

Please help or provide me solutions. Because the selling price now not giving me much profit is didn't get discounts.

Thank you very much.


P/s: I'm helping a friend to ask.

rclxub.gif
TSdariofoo
post Aug 7 2011, 02:49 AM

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QUOTE(logezzz @ Aug 6 2011, 03:57 PM)
Hi Dariofoo,
I going to sell off my apartment since i can't afford it anymore and i already got buyer for it.

When asking for the settlement amount, they told me RM98K and it can't discount anymore.
They said if i pay cash then i will get a discounted amount (not selling the house to others).

1) May i know is there any possibilities to reduce the amount if i sell the house? (write in or appeal or anything) Currently i have bank loan outstanding for rm7k with bank.

2) I have maintenance fees outstanding for rm15k. Can write in to them for a discount to settle all this amount?

Please help or provide me solutions. Because the selling price now not giving me much profit is didn't get discounts.

Thank you very much.
P/s: I'm helping a friend to ask.

rclxub.gif
*
1) I doubt if writing in or appealing will change anything as the bank will create an unwanted precedent whereby all those who can't afford their repayments will start writing in and 'appealing' for more time.

2) Same as above. I doubt if the management office will budge on that.

I'd advise you to refinance, but looking at the 7k outstanding and more importantly, the 15k outstanding maintenance fees is a great hindrance. The bank will insist for that to be settled first before anything.

Same goes when you're selling the house as well - the purchaser will insist that you settle all maintenance fees first. If it is a small amount sometimes the purchaser can pay first and then contra from the balance purchase price, but in your case as the amount is too high.

I knew someone who was in almost the same situation as this. In the end he just moved out and let the bank auction off the property.





lyt25_1234
post Aug 8 2011, 10:53 AM

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dariofoo,

I have just contacted my purchaser's lawyer to enquire about update on the final redeemption, and the lawyer told me that it will be done soon but the process seems slow 'cuz it's already 2 months and I don't see progress. I still have another month to go before reaching 3 months after signing the SPA. So I am worried if anything goes wrong or delayed, I might be charged 8% for the additional 1 month ('cuz the SPA stated 3 + 1 months, and the additional month will be charged 8%).

How is this 8% charged? Is it to me (vendor) or to the purchaser or to the bank (occumbrance)?

Also another question related to submitting the latest Cukai Pintu and also settling other bills (TNB, Water); do I need to personally go to TNB and request to cancel off my TNB and also for the Water from SYABAS myself? Or you would advise me to let the purchaser cancel off my name and register his own name for TNB and SYABAS?


TSdariofoo
post Aug 8 2011, 12:19 PM

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QUOTE(lyt25_1234 @ Aug 8 2011, 10:53 AM)
dariofoo,

I have just contacted my purchaser's lawyer to enquire about update on the final redeemption, and the lawyer told me that it will be done soon but the process seems slow 'cuz it's already 2 months and I don't see progress. I still have another month to go before reaching 3 months after signing the SPA. So I am worried if anything goes wrong or delayed, I might be charged 8% for the additional 1 month ('cuz the SPA stated 3 + 1 months, and the additional month will be charged 8%).

How is this 8% charged? Is it to me (vendor) or to the purchaser or to the bank (occumbrance)?

Also another question related to submitting the latest Cukai Pintu and also settling other bills (TNB, Water); do I need to personally go to TNB and request to cancel off my TNB and also for the Water from SYABAS myself? Or you would advise me to let the purchaser cancel off my name and register his own name for TNB and SYABAS?
*
If you're vendor, and there's delay by purchaser, it is the purchaser who has to pay you the late penalty interest. Just make sure that everything on your side has been complied with, including settlement of any outgoings like quit rent, maintenance fees (if any) and assessment - give all receipts to the purchaser's solicitors. If you delay on that, the completion date is extended - and any delay on the part of the purchaser will contra with your delay.

With regard to TNB and water - it depends on you. Some people just terminate their accounts while others do a change of name and deposit. Check with the purchaser on how he wants to go about it. See which is the easier way for both parties. It's a matter of common understanding between the parties. Nothing legal about it.

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lyt25_1234
post Aug 8 2011, 12:41 PM

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Thanks! For now I just need to give the assessment for the next half the year. Lucky I called and find out, if not I will be the person who delayed the process.


Skydrop
post Aug 8 2011, 04:19 PM

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QUOTE(dariofoo @ Aug 2 2011, 12:50 PM)
Hey bro,

How't things?

Day was busy busy busy.  smile.gif

Here you go. I started from No.4 onwards:

1. Sign letter offer and legal doc
2. Ex-bank issue confirmation letter on how much my is balance
3. Current bank pay my balance in ex-bank (and forwards Deed of RnR for execution)
4. Ex-bank returns original docs to current bank with Deed of RnR.
5. Stamping of Deed of RnR
6. Revocation of PA
7. Submission of FA, new DOA and new PA  for adjudication
8. Payment of stamp duty for FA, new DOA and new PA  for adjudication
9. Registration of new PA in Court
10.Notice of assignment to Developer
11. Lawyer advises bank to drawdown (release balance loan sum).
12. You get $$$ from refinancing in bank
*
Bro, wonder what is the process like for the purchase of freehold, strata title condo in KL when vendor had fully settled his loan. How long does the transfer process take place? Can share? TQ.
webber
post Aug 8 2011, 05:23 PM

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QUOTE(dariofoo @ Aug 5 2011, 03:38 PM)
1) Hard to tell. Depends highly on the efficiency of the land office in question. I'd give it roughly 2-3 months at the soonest.
2) Can do back to back transfer. Then the only thing left in between is adjudication by LHDN. That won't take long nowadays. Fastest can be roughly 5 working days, and 10 working days latest.

PS: Is it too late for the developer to agree to do direct transfer of title to you? Furthermore, vendor does not have to pay stamp duty. See your luck if developer agrees or not.  nod.gif

icon_rolleyes.gif
*
very unfortunately, the developer does not agree to do direct transfer. I think I have to wait until owner to get his name owner first and only he can transfer to me, right? if it is then I have to wait at least one year to get my name on it rclxub.gif
sauming
post Aug 9 2011, 12:13 AM

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Help me, i have just received this NOTIS KENYATAAN PINDAAN SENARAI NILAIAN. What is this? I haven't even moved in yet!

"Adalah dengan inin dimaklumkan bahawa Datuk Bandar Kuala Lumpur akan membeuat pindaan Senarai Nilaian ke atas pegangan/hartanah yang tersebut di bawah bagi tahun 2011 pada* 14.09.2011 dan akan berkuatkuasa mulai daripada 09.08.2011."

Can somebody enlighten me?

"Sesiapa yang tidak berpuashati terhadap cadangan Nilai Tahunan di atas mengikuti Seksyen 144(3), Akta Kerajaan Temempatn 1976 boleh membuat bantahan secara bertulis atas alasan-alasan yang dinyatakan dalam Seksyen 142 Akta yand sama. Bantahan hendaklah disampaikan ke jabatan ini selewat-lewatnya 10hari sebelum tarikh pindaan yang dinyatakan di atas (*).


ycngjack1
post Aug 9 2011, 11:13 AM

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Hi,

My next monday is the last day of my snp execution as written in booking form, im buying a subsale, nw my lawyer said they jus gt all details from vendor and also already email a letter of confirmation to developer, wonder is thr possibility tat developer nt reply soon enough? N i have to pay Penalty or deposit forfeited? But its nt my side fault anyway, any suggestion?

TSdariofoo
post Aug 9 2011, 12:14 PM

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QUOTE(Skydrop @ Aug 8 2011, 04:19 PM)
Bro, wonder what is the process like for the purchase of freehold, strata title condo in KL when vendor had fully settled his loan.  How long does the transfer process take place? Can share?  TQ.
*
Buying cash or taking loan?
TSdariofoo
post Aug 9 2011, 12:15 PM

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QUOTE(webber @ Aug 8 2011, 05:23 PM)
very unfortunately, the developer does not agree to do direct transfer. I think I have to wait until owner to get his name owner first and only he can transfer to me, right? if it is then I have to wait  at least one year to get my name on it  rclxub.gif
*
Won't be up to one year. Less than that.

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