Hi Dario,

I just in process to purchase a double storey house in Klang.
I already signed Letter of Offer and Acceptance prepared by property agent, and owner had also signed the form.
I had paid 3%(RM9840) as earnest deposit for confirmation buying this house.
I had ask agent to write a statement in SPECIAL EXPRESS CONDITION in the column of the form.
It stated that, "The owner is not allowed to cancel the deal after signing this Letter of Offer and Acceptance. If it is so happens, the owner will pay a double deposit compensation to the buyer."

After 1 week, the owner wanna cancel the deal due to his personal problem.
He agree to pay me double(RM9840 X 2) as he want to cancel the deal.

There is a clause stated in the form, "In the event the transaction is cancelled/aborted by vendor/purchaser before the S&P is executed for any reason whatever, Richland properties shall be entitle to 50% of the earnest deposit as their agency fee together with 6% Service Tax.

Problem start here.....

1) the owner(vendor) does not want to compensate as written cleary in Letter of Offer & Acceptance.
What should i do? Did i need to engage lawyer by myself for this case? or the agent need to engage lawyer for me?

2) Percentage of winning?

3) Normally what is the standard procedure for this case?

4) What is the time frame for the owner to fully paid the compensation to me?


Really need your proffesional consultation on this matter!!
Hope to hear from you soon.

Regards,
Mr. Chien

Hi Dario,

I am Mr. Chien here.
I had buy a condo 2 years ago.
Today i receive letter from my bank loan lawyer, regarding Perfection of Charge regarding Original Issue Document of Individual Title for the property has been duly issued. I had loan from bank total of RM182,517 for this condo.
Below are charges asking from my bank loan lawyer.
Could you advise if this cost make sence?

Perfection of charge RM 482
Consent To Charge RM 300

Stamp Duty on Charge RM 40
Registration fees on charge RM 120
Registration fees on consent to charge RM 100
Application of consent to charge RM 50
Certified True Copy title RM 50
Search fees on title RM 100
Purchase documents RM 100
Travelling RM 200
Miscellaneous expenses(including Photostating, fax & others) RM 150
6% Service Tax RM 46.90

Total: RM 1738.90

Hope to hear from you soon.
Thanks in advance!