Hi all, need your help on whether the lawyer had overcharge me, what I feel the fee is rather expensive compare with some examples that I had view here before.

Although I had view quite a number of example, but being a first property buyer, looking at all the fees it truly make me blur, so truly need your professional advice on the below breakdown of the fee.

Here are the breakdown of the fee

S&P Legal Fee

Transfer of property held under
Purchase Price : RM 180,000.00
Valuation : RM
TO OUR PROFESSIONAL FEES:-

RM
Legal fee : 1,710.00

Our costs for lodging and withdrawal of private caveat : 350.00

Our costs for submission of Tax form (*CKHT 1 / CKHT 2) : 200.00

Our Costs for Submission of Form I : 100.00

Total Professional Fees : 2,360.00


DISBURSEMENTS:- RM

6% Government Service Tax on Total Professional Fees : 141.60
Search fees : 160.00
Stamp duty on Sale and Purchase Agreement : 50.00
Valuation fee : 10.00
Swearing fee on statutory declaration : 10.00
Stamp duty on Memorandum of Transfer (subject to valuation) * : 2,600.00
Registration fees on entry and withdrawal of private caveat : 210.00
Registration fee on Memorandum of Transfer : 300.00
Registration fee on change of ownership with town council (Form I) : 50.00
Transport, Telephone and Courier Charges : 80.00
Miscellaneous & Postage : 50.00

Total Disbursements : 3,661.60
Total Professional Fees and Disbursements : 6,021.60


For Loan Legal Fee
Loan Amount : RM 169,000.00
Legal Fee: 1,633.00
Our costs for preparing Memorandum of Charge 200.00
Our costs for preparing Power of Attorney 200.00
Our costs for lodging and withdrawal of private caveat: 350.00
Our costs for drafting Discharge of Charge (Form 16N) 300.00
Total Professional Fees 2,683.00

DISBURSEMENTS:- RM

6% Government Service Tax on Total Professional Fees 160.98
Search fees 160.00
Bank Annexures 200.00
Bankruptcy search 40.00
Stamp duty on Letter of Offer 10.00
Swearing fee on statutory declaration 20.00
Stamp duty on Statutory declaration 20.00
Stamp duty on Facility Agreement (Original & 3 copies) 875.00
Stamp duty on Memorandum of Charge 40.00
Stamp duty on Discharge of Charge 10.00
Stamp duty on Power of Attorney 40.00
Registration fee on Entry & Withdrawal of Private Caveat 210.00
Registration fee on Memorandum of Charge 90.00
Registration fee on Discharge of Charge 120.00
Filing fees of Power of Attorney 100.00
Transport, Telephone and Courier Charges 80.00
Miscellaneous & Postage 50.00

Total Disbursements 2,225.98
Total Professional Fees and Disbursements 4,908.98


So total I have to pay for around RM10930 for a 185K apartment, is it normal?

I dunno why the quotation of purchase price is 180K (my purchase price is 185K) and the loan amount is 169K (while bank offer letter i sign for 162K only). Can somebody help me on this? Thanks!

Hi Dario, thanks for your comment. However, the agent just told me that the Lawyer had send my document to government to process, so thats mean there is no turning back now. I did get one of my lawyer friends to take a look on my quotation, he had stated that some of the item in the loan agreement shall not be charged.

Can you advice base on my previous thread on the loan agreement part. According to my friend, the below item should be borne by seller or not usual type of charges to purchaser.
1. Cost of preparing memorandum of charge 200,
2. cost of drafting discharge of charge 300,
3. disbursement for stamp duty for discharge of charge 10,
4. Registration fee for discharge of charge 120.

The above fees should be excluded from my bill.

And I find out that there are some items are repeated in SnP and loan agreement as I m using the same lawyer for both

1. Search fee RM160 (Is it that expensive in JB area?)
2. Transport, Telephone and Courier Charges
3. Miscellaneous & Postage

For Stamp duty on Sale and Purchase Agreement - RM50 (Should be RM40 right )

Please advise on whether my lawyer friend giving the rite advise. Thanks in advanced Dario Sifu

This post has been edited by hoks: Oct 25 2012, 09:49 AM

[quote=dariofoo,Oct 25 2012, 11:11 AM]
1 - borne by you as it the charge in relation to your loan
2 - borne by the seller.

Is the lawyer the seller's friend?

So for item 2,3,4 are borne by seller right?


Item 1 - Search fees for Klang Valley is RM30/search. You need to check for the charges in JB.

Anyway I can look for the standard charges for land search at JB?


Thanks Dario For Answering my question, please take a look at my further question in Purple colour, thanks

Hi Dario,

Thanks for you information, really help me save a lot, thanks!!!

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Added on October 25, 2012, 12:59 pmHi Dario,

Thanks for you information, really help me save a lot, thanks!!!

This post has been edited by hoks: Oct 25 2012, 12:59 PM

Hi Dario,

I have some question regarding the subsale leasehold apartment at JB.

Let say the title had been issued to the developer but vendor did not apply for transfer. I heard from my banker there are 2 options available:

1. Developer transfer to vendor then transfer to me.
2. Developer direct transfer to me.

May i know for both case, how long will it take for the whole transaction to complete after signing SnP? Thanks!

Hi Dario, thanks for your reply, for option no.2, does it means that I can get my property at around 3 months time.
If there is any delay in title transfer (longer than 3 months), will I need to bare the penalty?

Hi Dario, thanks for your feedback.