Hi dariofoo,

This is the loan agreement quote taht i get from lawyer. The Loan agreement Lawyer is provide by bank, while the SPA is borne by developer. Do you think the below following charges are reasonable?

Purchase Property: RM777,000.00
Homesmart Facility: RM669,300.00
Customer:
Type of Facility: Developer - Under Construction - with title

Legal Fees RM RM
1. Facility Agreement (RM5,135.10 less 35% HDA rebate) 3,338.00
2. 1st Charge 513.50
3. Power of Attorney 513.50
4. Entry & Withdrawal of Private Caveat 350.00
5. Consent to Charge 300.00
Legal Fees before tax 5,015.00
Add :- Service Tax (6%) 300.90
Total Legal Fees 5,315.90

Disbursements
1. Stamp Duty on Facility Agreement + 2 copies 3,370.00
2.Stamp duty :-
a) 1st Charge 40.00
b) Power of Attorney 40.00
c) Letter of Offer 10.00
d) Statutory Declaration - Occupation & Bankruptcy 20.00
3.Registration Fees :-
a) 1stCharge 120.00
b) Power of Attorney 80.00
c) Entry & Withdrawal of Private Caveat 420.00
d) Application for Consent to Charge 150.00
4.Search Fees :-
a) Land Title 120.00
b) Bankruptcy Search Fees 40.00
c) Winding Up Search 50.00
5. Affirming Fees 20.00
6. Miscellaneous 50.00
7. Finance of Fees 100.00
8. Photostating/Fax/Tel/Courier, etc. 50.00
9. Transport, postage, etc. 150.00
10. Others 4,830.00

Total Legal Fees + Disbursements 10,145.90



Thank you very much!

This post has been edited by Secret_Garden: Apr 24 2011, 11:20 PM

Hi Dariofoo,

Thanks for helping. I not able to answer your questions, i already but i will ask the loan agent that forward me the quota.

This post has been edited by Secret_Garden: Apr 25 2011, 07:28 PM

Hi dario,

Could you pls help to glance through the Loan Agreement quotation as below from my lawyer (the same lawyer that handle the SPA and is borne by developer). Do you think the below following charges are reasonable, therefore I can negotiate with my lawyer this coming weekend.





THanks for helping

This post has been edited by Secret_Garden: Apr 28 2011, 10:19 PM

Hi Dario,

My answer to your questions in blue color.



This post has been edited by Secret_Garden: May 1 2011, 04:17 PM