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 Lawyer's Corner v2, One-stop centre for any legal queries

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Ms Sim
post Oct 15 2012, 04:09 PM

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hi dario, im in the process of selling my house. the lawyer firm recommended me to sign the appointment letter, in which i will appoint them acting on my behalf only they will send me the breakdown of the invoice for the legal fees + snp. My selling price for my house is 380K, it charge me 3.6k for the legal fees. according to the legal calculator, it only cost about 3.11k. Hence, i would like to ask is it necessary that i need to sign the appointment letter 1st?
Ms Sim
post Oct 15 2012, 04:47 PM

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as the buyer's loan already approved, it only waiting from my side to confirm on the snp thingy. according to the lawyer, the due date will be on 22Oct2012. is it enough time to draft all the snp thingy? thanks
Ms Sim
post Oct 16 2012, 10:35 PM

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QUOTE(dariofoo @ Oct 16 2012, 10:02 AM)
You should ask that to your lawyer, as he is the one who is preparing it .  icon_rolleyes.gif
*
thanks dario!

I have received a quotation from a lawyer firm regarding to the fees that i have to pay if i appointed my own lawyer to sell my house at RM380K. Here's the breakdown:

PROFESSIONAL CHARGES in taking all instructions for
the above captioned matter; perusing the Sale and Purchase Agreement;
amending the Sale and Purchase Agreement; attending to the execution
thereof; liaising with the Purchaser’s Solicitors; conducting the relevant
searches; and attending to all correspondence and work done incidental
thereto not specifically mentioned.
Legal Fees RM 3110

Preparing the relevant CKHT 1A; attending to the filling of the CKHT
1A at the relevant Inland Revenue Department.
Legal Fees (RM300 x 1 person) RM 300

Preparing the Discharge of Charge (Form 16N); attending to the
execution and stamping thereof; requesting for the Redemption
Statement and liaising with the Existing Chargee.
Legal Fees RM 300

Preparing the State Authority’s Consent to Transfer and Statutory
Declaration and attending to the application of the State Authority’s
Consent to Transfer
Legal Fees RM 300

6% Government Tax RM 240

Total legal fees: RM 4250

Disbursements:

Stamp duty for Discharge of Charge (Form 16N) RM 10
Application for Certified True Copy of Land Search in the Land Office RM 50
Application for State Authority’s Consent to Transfer RM 50
Affirmation of Statutory Declaration for State Authority’s Consent to
Transfer (RM 8 x 1 Person) RM 8
Registration fee on State Authority’s Consent to Transfer RM 50
Registration fee for Discharge of Charge (Form 16N) RM 70
Stamp duty for Statutory Declaration of Non-Bankruptcy RM 10
Affirmation fees for Statutory Declaration of Non-Bankruptcy RM 8
Land Search RM 30
Bankruptcy search on the Purchaser (RM12 x 1 Person) RM 12
Transportation and Travelling RM 250
Photocopying and Printing charges RM 100
Telephone, Facsimile, Posting, Email Charges and Miscellaneous RM 100
Total RM 748


GRAND TOTAL : RM 4998.

I would like to ask, do i need to pay all the CKHT 1A, Form 16N, State Authority’s Consent to Transfer and Statutory
Declaration legal fees as well?

In addition, did all the disbursement charges justified?

Thanks in advance for your advice.


Ms Sim
post Nov 6 2012, 10:06 AM

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hi,

wanted a clarification on the sell of my property, i heard that if i would like to get exemption for RPGT, the property should be less than RM350,000. Is it true?

Thank you.
Ms Sim
post Nov 7 2012, 03:52 PM

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QUOTE(dariofoo @ Nov 6 2012, 06:41 PM)
No, that is for 50% remission on stamp duty upon MOT/DOA when purchasing a property.

Exemption for RPGT are for the following:

1. Transfer out of love and affection with no money changing hands;
2. Property owned for more than 5 years and above.
3. Application for one time exemption, giving to each individual.
*
Thanks Dario for the clarification!


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