hi dario..need your advice here..
I am now in the middle of buying a condo from an agent. This is a subsale property.
The owner has appointed him to sell the condo. I have paid the 3% booking to the agent and signed an agreement in front of the agent's lawyer. The agreement stating that the owner has agreed to sell the property at $310k etc etc.
The agent also stated that his lawyer will settle all S&P agreement matters. He also said it is his lawyer's duty also to ensure that the S&P shall be impartial (not favoring the owner or me).

My question would be:
1) do i need to appoint a lawyer on my behalf? what are the pros and cons if do appoint one and what if i dont?
2) in this case, who would pay the legal fees for this lawyer? owner or me or share?
3) is this lawyer acting for more than 1 party? this is illegal right?
4) for loan agreement, there will be another lawyer appointed by the bank right? who will pay for their legal fee?

Help me...this legal things are very confusinggg

wow...thanks very much dario for the info!! very helpful indeed!!

Hello Dario,
I am buying a property and the bank officer asked me to choose a lawyer from their panel. I just found out that my SPA lawyer is no longer in their panel. I am reviewing the quotation from the lawyer from their panel. However, this quotation seems a bit funny. Are they overcharging me?
Hope you can share your wisdom. thank you!!:)

Professional charges:-
Property Sale Agreement ---------------> 2,403
Property Purchase Agreement ---------> 240.30
Memorandum of Charge-----------------> 240.30
Consent to Charge -----------------------> 350
Entry and withdrawal of private caveat----> 350
Service tax 6% -----------------------------> 215.02

Disbursement:-
Stamp duty on Property Sale Agreement (original + 2 copies) --------> 1,415
Stamp duty on Property Purchase Agreement (4 copies) (exempted)--> 0
Stamp duty on Letter of Offer--------------------------------------------> 10
Stamp duty on Memorandum of Charge (4 copies)--------------------> 40
Registration fees on Memorandum of Charge -------------------------->120
Registration fees on Consent to Charge --------------------------------->50
Registration fees on Entry of private caveat --------------------------->340
Registration fees on withdrawal of private caveat ---------------------> 80
Registration fees on Caveator’s consent fees-------------------------> 50
Application for Consent to Charge (including CTC Title)--------------> 100
Bankruptcy search ---------------------------------------------------> 48
Land Search (initial, caveat & presentation) (Master + Strata) --->180
Printing Charges ----------------------------------------------------->200
Fax, Postage and telephone------------------------------------> 180
Transport, Courier Charges ------------------------------------> 250
Miscellaneous ------------------------------------------------> 50


I am buying a condo, freehold with strata title available. My loan application will be RM279k (90%).