I found out that to make a complaint at ASDB, they require fee for processing of non refundable RM100.00. Is it true? 

Hi Darifoo,

1. The vendor actually agree to share 50/50 S&P fee with us. What is the disadvantages behind?

2. If I appoint the bank panel agency to handle S&P and housing loan, does it make the overall process faster and better?

Enquiry: sub-sale property during under construction..

kindly advise what is the procedure?

Developer allows consent to transfer during under-construction period with penalty of 1%.

How new buyer gonna buy if they agreed on the new purchase price as the old SPA price btw seller & developer is the first hand price..

Another SPA has to be made? if so how is the existing SPA btw seller & dev?

Need to wait until VP only apply loan or buyer just apply loan directly after valuation can be fetched?

How about redemption from financing bank? Seller is ready to pay RPGT and exit penalty to the bank..

Thanks alot if can help

Is there any valid reason for a Vendor to hold the house key even after bank has produce a cheque with his name?

How long normally he can hold the key before i can ask my lawyer to charge him with interest? (I call the vendor and tell this and he get mad)

What do you think i can do to get my key as soon as possible?

Hi, I am a first time purchaser and wish to enquire whether a leasehold property in Cheras, KL requires the consent of local authority for the transfer to be effected. My agent told me beginning this year there is no such requirement but he is not certain on it. Please advice. Thanks.

Hi Dariafoo,

1.By impression vendor is kind, reason he wish i can use developer's panel lawyer is to get things settled faster because he is moving out from town soon. Besides he had paid certain amount for MOT and request lawyer to transfer the title directly to me, said this will save much of the time and my money since he had paid it. (is it true?) Thirdly when lawyer requested him to subsidy half of professional fee he agreed also. From above seems vendor does not have bad intention (i hope)

2.What bother me more is reliability of the developer's panel lawyer. If he is an ad-hoc lawyer, does it mean anything? If i appoint him as my SPA lawyer, how can i assure he will execute all obligations/duties in fair way by representing my rights i/o vendor's right? His quotation is simple, professional fee, stamp duty fee is usual, disbursement fee include Registration fees for MOT (with PA noting) RM420.00, Registration fees (Individual consent & master consent) RM150.00, Travelling RM100.00, Miscellaneous RM50.00. There are no land search, bankruptcy search, affirmation on statutory declaration and etc, should those be his duty and indicate on quotation? 

Vendor is kind enough, understand there might have conflict using same lawyer, however i think there are standard manual that should abide by SPA lawyer, if it is written black and white then i would be relieved to appoint him.

Thanks for valuable time and advise 

Hi dariofoo,

I am not sure which Land Office but this property is located in bandar sri permaisuri. Currently I am waiting for letter of offer from bank. Engaging lawyer to prepare S&P next week. Thanks.

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Thanks so much to take time to reply.
It is because the seller's property title is still with developer and because my friend wanted to withdraw from EPF to fund her downpayment that's why the complicated started. According to lawyer the only solution is to pay the downpayment first then only withdraw from EPF..and she managed to settle by borrowing money

Hi dariafoo, i received this letter, what does it mean?

kindly be informed that we shall proceed with the registration of the perfection of transfer in favour of the vendor and the charge in favour of our client upon receipt of the duly adjudicated and stamped mot and other security document related thereto from XXX(firm name) and original title from developer.

are the first MOT transfer from developer to my vendor already started? or they waiting to start? my this deal is doing double transfer >.<

when purchasing a subsale property, is it normally bank will assign a laywer for us to do our SAP, transfer and etc? do we need to go find one ourselves?

Hi Dario,

My current scenario is almost like this.
I signed S&P with my fiancée.
The loan is also under both of our names.

The property is a condominium which is still under constructions.
Is it possible to remove her name from the property?
Kind of like change it to me become the only owner.

Do I need a lawyer service?
Any issue with the bank?

hi dario, morning, can help me to check above price for snp and loan agreement? is the reasonable?

Hi all, in need of some legal advice.

I purchase a property back in 2010 where 3 names being inserted into the S&P agreement. I would like to know what are the cost incurred and any legal hurdles should i remove 1 party from the S&P? 

Appreciate any guide/steps/process in doing so.

Thanks

does it mean that i need 2 lawyers ? one is for SPA and another is for bank loan?

thanks dario, which is a better practice? will it be better to appoint only one lawyer to do all the stuffs? in terms of charges and fees is it the same?

Hi,

It is written held in the Mukim and Daerah of Kuala Lumpur, State of Wilayah Persekutuan KL.

Does this property need to apply for consent?

Thanks.

Hi Dario,

My loan solicitor is waiting for the documents from my SPA lawyer before the bank releases the 2nd payment

Would like to check with you:

Can i terminate them as soon as they have furnished all the documents to my loan solicitor?

I believe u can still recall my story right? 

The reasons behind why i want to terminate them are bcoz:
1) They hv been dragging & dragging. I signed the SPA on May 2011, bank paid the 1st payment on early of Jan 2012, until today they still cant send the docs like original strata title & etc to my loan solicitor.
2) Main reason - my marked up in the SPA. It was agreed between the Vendor & myself (letter drafted by the SPA lawyer). Now i m worried that i couldnt get back my marked-up money bcoz the SPA lawyer do not have a physical office. They only hv a virture office. So if they run away with my money, i am gone.

So my intention is to terminate them (i am very sorry to use this word but if they really can act professionally, i won't be so fed up already ) as soon as they handed over all the docs to my Loan Solicitor. So that the bank will pay directly to my new SPA lawyer instead of them.

Or can i seek for your advice? 

HI Dariofoo,

Not transfer. I wish to remove 1 of party name. 
Not sure what you mean by charge/assignment over the property.

I just would like to know how to initiate such legal mean in removing the party name from the S&P doc.

Thanks

Hi Dariofoo,

My current status of purchasing property from owner are on my S&P lawyer sent out redemption letter to seller's bank.. My loan lawyer stated pending for the letter to proceed further..

May i know how many days/weeks it is usually takes before seller bank reply with the redemption letter ? and from this stage onwards.. how long it does takes before the title are changed to me.. or how long will it take more to complete the overall task..approx. thanks