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keith_hjinhoh
post Jun 16 2011, 11:32 AM

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Hi Buddy,

Recently I've been involved in a spa in which having both purchaser solicitor which represents me, and vendor solicitor which obviously represent the seller.

Now, what bothers me is,

1. Who is suppose to prepare the SPA? Seller or Buyer? and the cost involved with the SPA preparation.

2. If either one solicitor prepare, the other solicitor would be sitting duck except for communication, preparation of documents and follow up. Would be the charging scale be the same as the SPA solicitor?

3. Is it better to have a different lawyer represent each individual (Banker, Seller, Buyer) in this case?

4. Do I still have to scrutinised on each and every reimbursement that they claim? I know some of the charges are above 'normal charges' but my solicitor claim they use runner therefore more expensive, how true is that?

This post has been edited by keith_hjinhoh: Jun 16 2011, 01:57 PM
keith_hjinhoh
post Jun 16 2011, 02:05 PM

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QUOTE(dariofoo @ Jun 16 2011, 01:38 PM)
1. Either party can prepare. You might as well insist for your lawyer to prepare it.

2. Sitting duck????? There's the SPA to be vetted and edited for the client's benefit. That's what the scaled fees are for. Once you appoint a lawyer to act for you full scaled fees apply.

3. You're the purchaser so you need a lawyer to represent you anyway. If the vendor wants to 'tumpang' your lawyer to do the redemption and CKHT then it is up to him. But some prudent vendors don't mind spending money on legal fees just to have the peace of mind (provided that the lawyer doesn't screw things up in the end -  doh.gif )

The most important point is - it doesn't matter how many lawyers are involved. What matters is how fast the lawyer(s) move and how efficient they are. One law firm involved for everything doesn't mean fast. Perhaps they'll go slow because nobody to 'push' them. On the other hand, even if there's max 3 lawyers involved, perhaps all are fast and efficient and reply correspondence quickly.

It all boils down to the lawyer whom you pick. That's all. The others are pieces in the equation which are out of your control.

4. Everyone uses a runner/despatch, mate. Even if not part-time, they have to pay their full-time staff salary right? So, what's the difference? Up to you to weigh and reason his justification

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Thanks for your information dude smile.gif It's really informative!
Refer pt 1, I have had bad exp in the past where I (buyer) tumpang the vendor solicitor, things get very ugly. It seems I'm not protected by the lawyer. Therefore I insist on having my own solicitor this time. But what makes me wonder, who foots the bill for the SPA preparation? if in that case, vendor solicitor prepare the SPA?

Refer pt 2, What i'm trying to say overhere is since most of the SPA were drafted by purchaser solicitor, so it'd be unfair for vendor solicitor to charge vendor based on the scale rate, provided the job scale required is way seller as compared to purchaser solicitor.

Refer pt 3, Is that necessary? Refer pt 1 for further information.

This post has been edited by keith_hjinhoh: Jun 16 2011, 02:06 PM
keith_hjinhoh
post Nov 5 2011, 01:43 PM

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Dario, I need a piece of advise here.

I have purchased a property, final payment already given to the vendor solicitor. However, upon inspection before delivery of key, I have found out some new issues.

1. White Ants were found but not noticed previously.

2. Water leaking

3. Floor crack.

4. Lots of garbage not clean up.

All these were not noticed as it's block by furniture and fittings.

Is there anything I can do other than inform my lawyer? Is owner compelled to fix this for me before delivery VP to my property?

This post has been edited by keith_hjinhoh: Nov 5 2011, 01:44 PM
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