Agree on fees first, then sign. Once you sign, how can you turn around and disagree with how much to pay them? It'll be too late by then.

You better read my other post in relation to your legal fees. Sorry to say, but you're being conned right there as well.

If you do want to pose any further quotations next time please don't mention about discounts. That is between you and your lawyer and it ought to remain that way.

Cheers.

This post has been edited by dariofoo: Apr 14 2011, 10:46 AM

Act fast on it

Solicitors Remuneration Order 2005. Check out the first page of the thread.

Yes it is.

Nothing wrong as it is always a requirement by the developer that no individual purchaser lodges a private caveat upon the master title as to avoid any hindrance to the developer/proprietor when applying for subdivision later.

It is also to keep the master title 'clean' - imagine if for a condominium project - every single purchaser, let's say 250 of them - each lodges a private caveat upon the property. A title search would result on a printout of around 50-60 pages then!

So do go ahead. No worries.

Charge annexure - Form 16A - a form of security created over the title in favour of the Bank. When there's a charge, you can't transfer the title unless with the consent of the Chargee [the Bank].

You must only sign once the purchaser has done so AND forwarded the cheque for the balance deposit to you. Never before.

Is the purchaser objecting to you being handed the balance deposit right now?
If no objections by all means ask for the cheque to be issued directly to you.

Shouldn't be a problem as the SPA, when dated later, would in any event state that the deposit has been 'hereinbefore paid and accepted by the vendor' (or some phrase to that effect)

..Or is he insisting that you can only have it once the 3 month period is up and the SPA is dated?
In that case, make sure the money is deposited in the law firm's client's account (with proof of clearance of cheque) before you execute the SPA.

Freehold? No need consent? Is it encumbered? So many questions, so little info. I also didn't bring my crystal ball or else I can take a look at it for your friend.

Normal would be 3+1 months from date of signing of the SPA.

Alright. But how come no charges for withdrawal of private caveat?

I wonder why they want the caveat to remain there if there's already a more 'powerful' charge created in their favour.

You should be Malaysian Bar chairman la, taikor

It's their option, not yours,mate.

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.

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.

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

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 ->

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.

Which land office? Particulars of title? More info needed. Have you asked the lawyer?