Hi,

Need some advise as first time buying house. Now i am in the process of getting a lawyer for my loan agreement. Unfortunately i cannot use back my S&P lawyer as is not in the bank panel lawyer. Here is the quotaion i get from the lawyer for loan agreement. My loan amount is RM252k.

Facilities Agreement - 2, 214.00
Deed of Assignment - 221.40
Power of Attorney - 221.40

1. Stamp Duty on
a. Facilities Agreement -1, 280.00
b. Deed of Assignment - 40.00
c. Power of Attorney - 40.00
d. Statutory Declaration - 20.00
e. Letter of Offer - 20.00
2. Registration
a.Registration of PA- 50.00
b.Confirmation fees - 50.00
3. Search
a. Bankruptcy - 60.00
b. Title - 120.00
5. Other Charges
a. Affirmation - 50.00
b. Purchase document - 100.00
c. Transport and courier charges - 200.00
d. Telephone, postage and courier charges- 150.00
e. Misc and other charges not specifically mentioned herein - 50.00

Can i ask for discount? hehe

Thanks in advance.

This post has been edited by LameCouple: Jan 5 2011, 09:32 AM

Thanks dariofoo I had checked with the lawyer on the bankruptcy search, she said is for 4 pax at RM15/pax. 2 for buyer(us) and 2 is for vendor. Sounds reasonable? As for title search...hmm..as far as i know there is only master title...hmm..usually title search pricing is around how much?

Thanks so much

Can i ask for receipt for all the disbursements they charged me?

As for land title - hmm..will check with them...is like double of what they charged me...RM60 can eat a decent meal for two..haha

Just wondering, the payment is due upon signing the loan agreement, why not after all the title is transfer i.e i got the keys?

Hehe..you are funny la..haha

Btw - for tenancy agreement, do we need a lawyer to do this? What if we rent out a unit without agent help, can we draft our own tenancy agreement and will the agreement valid in any case there is dispute between tenant and owner?

Stamped as in stamp duty like those S&P and loan agreement? As for witnesssed - anyone will do right?
Aiks..seem like if i just want to rent out for a year, it seem quite troublesem. Though i can draft my own loan agreement, signed by both parties and maybe withnessed will do.