QUOTE(cipan82 @ Feb 6 2015, 05:05 PM)
Few years cannot la! Tiara east semenyih, double storey house
Tiara east semenyih, double storey house
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Feb 6 2015, 05:12 PM
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7,049 posts Joined: Aug 2009 |
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Feb 6 2015, 05:53 PM
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QUOTE(cipan82 @ Feb 6 2015, 04:23 PM) Haha..no lah... Your fees seems on this high side.I receive two letter...one from developer...and one from lawyer on the developer letter have the loan statement bank release rm14k but on the lawyer letter said i need to pay rm15k... i ask kueen lai..they said bank pay....i ask lawyer they said i need to pay my own..15k... which one lorrr...Im very peninggg I am first time house buyer...my 1st house...a bit confuse lorhh... letter from developer [attachmentid=4332723] letter from lawyer [attachmentid=4332724] When I got my MOT, i only paid RM500 in Legal Fees only, but my SPA and Loan Lawyer was the same So i don't really understand what the hell is the Memorandum of Charge for Already got Legal Fees on MOT, still wanna charge RM1K++ just to bring to Land Office / Bank to endorse charge I paid Legal Fees for for Charge (16A Form) Legal Fees only RM365 cheryee Big Sister - you are a Lawyer right, can you elaborate. This post has been edited by cfa28: Feb 6 2015, 06:03 PM |
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Feb 6 2015, 06:16 PM
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QUOTE(cfa28 @ Feb 6 2015, 05:53 PM) Your fees seems on this high side. yeah that's why...the lawyer charge rm2.3k for the fee...then have other charge also not included....out of pocket charge....fax n telephone also wanna charge....wtf......When I got my MOT, i only paid RM500 in Legal Fees only, but my SPA and Loan Lawyer was the same So i don't really understand what the hell is the Memorandum of Charge for Already got Legal Fees on MOT, still wanna charge RM1K++ just to bring to Land Office / Bank to endorse charge I paid Legal Fees for for Charge (16A Form) Legal Fees only RM365 cheryee Big Sister - you are a Lawyer right, can you elaborate. if someone have other cheaper option please give suggestion |
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Feb 6 2015, 06:23 PM
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I still haven't pay the MOT yet. I called the lawyer and she told me only a few home owners have paid but she says she will only do it after CNY as their workload is on high side now.
She did says that if i plan to sell my house within this year, you can postpone paying the MOT but she did advise, if the Govt decide to increase the stampduty fees, then it's better to pay now. Looking at how property transaction is coming to a crawl, i doubt it's easy to dispose this year. |
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Feb 6 2015, 06:41 PM
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QUOTE(gtfan @ Feb 6 2015, 06:23 PM) I still haven't pay the MOT yet. I called the lawyer and she told me only a few home owners have paid but she says she will only do it after CNY as their workload is on high side now. Is your Lawyer / Fees the same as cipan82She did says that if i plan to sell my house within this year, you can postpone paying the MOT but she did advise, if the Govt decide to increase the stampduty fees, then it's better to pay now. Looking at how property transaction is coming to a crawl, i doubt it's easy to dispose this year. |
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Feb 6 2015, 07:00 PM
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932 posts Joined: Nov 2004 |
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Feb 6 2015, 11:37 PM
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Feb 9 2015, 11:29 AM
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QUOTE(cfa28 @ Feb 6 2015, 05:53 PM) Your fees seems on this high side. MOT and MOC are 2 different transactions, hence you gotta pay 2 separate legal fees. When I got my MOT, i only paid RM500 in Legal Fees only, but my SPA and Loan Lawyer was the same So i don't really understand what the hell is the Memorandum of Charge for Already got Legal Fees on MOT, still wanna charge RM1K++ just to bring to Land Office / Bank to endorse charge I paid Legal Fees for for Charge (16A Form) Legal Fees only RM365 cheryee Big Sister - you are a Lawyer right, can you elaborate. MOT = To transfer (Form 14A of the NLC - Pindahmilik Tanah) the property from the developer to your name. MOC = To charge (Form 16A of the NLC - Gadaian) the property to the existing financier. Legal fees for MOT:- a) Up to 25% of your previous legal fees if you appoint your previous SPA solicitors to perfect the MOT for you ; OR b) Up to 50% of your previous legal fees if you appoint a new firm of solicitors to perfect the MOT for you. Legal fees for MOC:- a) Up to 25% of your previous legal fees if you appoint your previous Financier's solicitors to perfect the MOC for you ; OR b) Up to 50% of your previous legal fees if you appoint a new firm of solicitors to perfect the MOC for you. Faham ga? |
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Feb 9 2015, 11:32 AM
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QUOTE(cheryee @ Feb 9 2015, 11:29 AM) MOT and MOC are 2 different transactions, hence you gotta pay 2 separate legal fees. TQVM - but when I pay my Legal Fees for my Loan Agreement for my TH, I only pay RM365 for the Form 16AMOT = To transfer (Form 14A of the NLC - Pindahmilik Tanah) the property from the developer to your name. MOC = To charge (Form 16A of the NLC - Gadaian) the property to the existing financier. Legal fees for MOT:- a) Up to 25% of your previous legal fees if you appoint your previous SPA solicitors to perfect the MOT for you ; OR b) Up to 50% of your previous legal fees if you appoint a new firm of solicitors to perfect the MOT for you. Legal fees for MOC:- a) Up to 25% of your previous legal fees if you appoint your previous Financier's solicitors to perfect the MOC for you ; OR b) Up to 50% of your previous legal fees if you appoint a new firm of solicitors to perfect the MOC for you. Faham ga? Why is this Lawyer charging something like RM1K++ for it Just saying either TH Lawyer charge me very cheap or this TE Lawyer is very expensive This post has been edited by cfa28: Feb 9 2015, 11:33 AM |
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Feb 9 2015, 11:38 AM
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QUOTE(cfa28 @ Feb 9 2015, 11:32 AM) TQVM - but when I pay my Legal Fees for my Loan Agreement for my TH, I only pay RM365 for the Form 16A Different loan amount will give u different legal fees on the MOC. How much was your loan amount?Why is this Lawyer charging something like RM1K++ for it Just saying either TH Lawyer charge me very cheap or this TE Lawyer is very expensive This lawyer is charging based on SRO, ikut bulat2, no over-charging. |
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Feb 9 2015, 11:40 AM
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QUOTE(cheryee @ Feb 9 2015, 11:38 AM) Different loan amount will give u different legal fees on the MOC. How much was your loan amount? > RM700KThis lawyer is charging based on SRO, ikut bulat2, no over-charging. Should be higher than TE So the Lawyer just bulat bulat from SRO without any discount of 50% / 75%? Can buyers demand for discount - else better off appointing new Lawyer if no discount is given |
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Feb 9 2015, 11:43 AM
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Feb 9 2015, 11:54 AM
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QUOTE(cheryee @ Feb 9 2015, 11:43 AM) you just say in earlier post if its the same Lawyer as SPA / Loan there is allowed discountMy point is if the MOT Lawyer is the same as the SPA / Loan Lawyer is charging same fees without any 'official discount', its better to pay another Lawyer to do the job. |
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Feb 9 2015, 12:10 PM
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QUOTE(cfa28 @ Feb 9 2015, 11:54 AM) you just say in earlier post if its the same Lawyer as SPA / Loan there is allowed discount Those are not discount but it's the SRO scale for MOT and MOC My point is if the MOT Lawyer is the same as the SPA / Loan Lawyer is charging same fees without any 'official discount', its better to pay another Lawyer to do the job. |
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Feb 9 2015, 01:05 PM
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QUOTE(cfa28 @ Feb 9 2015, 11:32 AM) TQVM - but when I pay my Legal Fees for my Loan Agreement for my TH, I only pay RM365 for the Form 16A TH still under construction, how come you already paid your MOT? Why is this Lawyer charging something like RM1K++ for it Just saying either TH Lawyer charge me very cheap or this TE Lawyer is very expensive According to TKJ, I think the payment is as following: Let say for a RM 777778 SPA price with RM 700000.20 bank loan (90% MOF) and using the existing lawyer who handling your loan and SPA. Legal handling rate - 25% Legal fee for Memorandom of Transfer : RM 1562.03 (25% of legal fee of SPA) Legal fee for Memorandom of Charge: RM 1337.50 (25% of legal fee of loan agreement) 6% gov tax - RM 175.47 There also will be additional fees (RM 500 - RM 1,000) incur for MOT registration, search and other mich expenses such as printing, transport etc... This is the legal fees for MOT, not the legal fees for Loan agreement... This post has been edited by samkps: Feb 9 2015, 01:05 PM |
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Feb 9 2015, 02:02 PM
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TH's SPA lawyer billed and requested for MOT payment right after the S&P signing. Under normal circumstances, when should MOT be paid?
TH's MOT is about 19k. Don't quite catch what's your calculation is about samkps Care to elaborate? |
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Feb 9 2015, 02:25 PM
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QUOTE(samkps @ Feb 9 2015, 01:05 PM) TH still under construction, how come you already paid your MOT? TH is under construction but title is ready for TRansfer already.According to TKJ, I think the payment is as following: Let say for a RM 777778 SPA price with RM 700000.20 bank loan (90% MOF) and using the existing lawyer who handling your loan and SPA. Legal handling rate - 25% Legal fee for Memorandom of Transfer : RM 1562.03 (25% of legal fee of SPA) Legal fee for Memorandom of Charge: RM 1337.50 (25% of legal fee of loan agreement) 6% gov tax - RM 175.47 There also will be additional fees (RM 500 - RM 1,000) incur for MOT registration, search and other mich expenses such as printing, transport etc... This is the legal fees for MOT, not the legal fees for Loan agreement... Paid RM18K++ for MOT including RM500 for Legal Fees and RM360++ for the Form 16A earlier for Loan Agreement |
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Feb 9 2015, 02:50 PM
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QUOTE(beancountz @ Feb 9 2015, 02:02 PM) TH's SPA lawyer billed and requested for MOT payment right after the S&P signing. Under normal circumstances, when should MOT be paid? In residential property deal, normally have 3 types of legal fees - SPA, loan agreement and MOT.. TH's MOT is about 19k. Don't quite catch what's your calculation is about samkps Care to elaborate? My calculation above is for the legal fees of MOT.. This post has been edited by samkps: Feb 9 2015, 02:51 PM |
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Feb 9 2015, 02:58 PM
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this is very educational regarding the MOT...MOC....SPA...etc...
but still i dont understand... Ok2 i just pay je la......haha |
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Feb 9 2015, 02:58 PM
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