Aug 7 2012, 11:53 PM
QUOTE(dariofoo @ Aug 7 2012, 02:44 PM)
For seller, the professional fees would be the same if you appoint your own lawyer.
If you authorise the purchaser's lawyer to do the redemption of your loan for you, then the legal fees are only:
1) Discharge of charge/deed of RnR: RM300 (add RM100 if RnR involves revocation of PA)
2) Filing of CKHT forms : RM300/pax.
For disbursements, it would be much lesser, and depends on whether the property is still encumbered to your financier or not.
I'm sure there would be a sample somewhere in v1.
Hi Dario,If you authorise the purchaser's lawyer to do the redemption of your loan for you, then the legal fees are only:
1) Discharge of charge/deed of RnR: RM300 (add RM100 if RnR involves revocation of PA)
2) Filing of CKHT forms : RM300/pax.
For disbursements, it would be much lesser, and depends on whether the property is still encumbered to your financier or not.
I'm sure there would be a sample somewhere in v1.
If I am a seller of a freehold property and I can read some of the legal clauses and maybe spot those outrageous terms to protect myself, is it generally OK to use the buyer's lawyer to save on the legal fees? Or is it always better to engage our own lawyers?
Thank you.
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