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 Lawyers Corner, A one-stop centre on lawyers and queries

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ReVolVolution
post Oct 14 2011, 05:04 PM

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311 posts

Joined: Feb 2006
Dear sifus,

What's your opinion on this lawyer fees?

Loan RM 700,000.00

TO OUR PROFESSIONAL CHARGES:- RM SEN
Facilities / Loan Agreement (Principal Instrument) 5350 00
Charge / Deed of Assignment 535 00
Power of Attorney
Letter of Guarantee
Memorandum of Deposit / Letter of Set- Off
Private Caveat / Lienholder’s Caveat 350 00
Form 34
Consent to Charge
Change of Name
Statutory Declaration: Non-Bankrupt & Own Occupation
Others:-
Total:- 6235 00
Service Tax 6% 374 10
TO OUR DISBURSEMENTS CHARGES:-
Land Search 90 00
Company Search (ROC) 15 00
Official Assignee search on Borrower(s) / Guarantor(s) 24 00
Official Assignee on Company 12 00
Stamp duty on Facilities / Loan Agreement 5350 00
Stamp duty on Charge / Deed of Assignment 40 00
Stamp duty on Power of Attorney
Stamp duty on Letter of Guarantee
Stamp duty on Memorandum of Deposit . Letter of Set-Off
Stamp duty on Letter of Offer 10 00
Stamp duty on non-bankrupt declaration 10 00
Stamp duty on own-occupation 10 00
Affirmation fee – non-bankrupt declaration 10 00
Affirmation fee – own occupation 10 00
Affirmation fee – Surat Akuan for Entry of Caveat 10 00
Filing fee – Power of Attorney
Filing fee – Developer’s Letter of Confirmation
Filing fee – Caveat (Entry & Withdrawal) 420 00
Filing Fee – Charge 120 00
Filing Fee – Change of Name
Documentation Fee payable to Bank
Putrajaya Bankruptcy Search
Photostating, printing charges 100 00
Postage, telephone, binding, courier charges 80 00
Miscellaneous 50 00
Transportation 180 00
Others:-
Total:- 6541 00
GRAND TOTAL: 13150 10


Final price : RM 10,500 (after discount!) rclxub.gif


ReVolVolution
post Oct 16 2011, 09:36 AM

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Junior Member
311 posts

Joined: Feb 2006
QUOTE(dariofoo @ Oct 15 2011, 10:28 AM)
revolvolution:
» Click to show Spoiler - click again to hide... «


Please feel free to compare with the earlier samples in this thread. There's many to compare with. But since you've already asked for a discount and one was offered to you, I don't think you should worry too much. If you've been reading up on the previous posts in this thread, you'll note the trend that where discounts are offered, the disbursements will be marked up to make up for it.

One thing to note - if there's no individual title - since the security is by way of assignment - why is there a charge for entry of caveat at RM350? In most instances, lodgment of private caveat can be waived by the financier. Just check that one out.

Good luck  icon_rolleyes.gif
*
Thanks bro! biggrin.gif


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