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 Tiara east semenyih, double storey house

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cheryee
post Feb 6 2015, 05:12 PM

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QUOTE(cipan82 @ Feb 6 2015, 05:05 PM)
How if i  intend to sell within few years...can still drag? tongue.gif
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Few years cannot la! tongue.gif
cfa28
post Feb 6 2015, 05:53 PM

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QUOTE(cipan82 @ Feb 6 2015, 04:23 PM)
Haha..no lah... sweat.gif
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  rclxub.gif  rclxub.gif  rclxub.gif  rclxub.gif

I am first time house buyer...my 1st house...a bit confuse lorhh... rclxub.gif  rclxub.gif  rclxub.gif
letter from developer
[attachmentid=4332723]

letter from lawyer
[attachmentid=4332724]
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Your fees seems on this high side.

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
cipan82
post 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.

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.
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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......
if someone have other cheaper option please give suggestion notworthy.gif
gtfan
post 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.
cfa28
post 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.

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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Is your Lawyer / Fees the same as cipan82
gtfan
post Feb 6 2015, 07:00 PM

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QUOTE(cfa28 @ Feb 6 2015, 06:41 PM)
Is your Lawyer / Fees the same as cipan82
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Mine is rm15k++ coz end lot is a bit more expensive than intermediate.

15k can buy 2 airtickets plus shopping for 2 at NY as long as i eat and stay with our fren "SFH" tongue.gif
samkps
post Feb 6 2015, 11:37 PM

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QUOTE(cheryee @ Feb 6 2015, 05:10 PM)
Legal fees for RM585,600 = 4,549.20

25% = RM1,137.30 la  doh.gif
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Opps... salah tekan...

TKJ, that's why tak faham why still have that additional Memorandum of Charge RM 1034.82.... doh.gif doh.gif

This post has been edited by samkps: Feb 7 2015, 01:09 AM
cheryee
post 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.

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.
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MOT and MOC are 2 different transactions, hence you gotta pay 2 separate legal fees.

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?

cfa28
post 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.

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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TQVM - but when I pay my Legal Fees for my Loan Agreement for my TH, I only pay RM365 for the Form 16A

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
cheryee
post 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

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
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Different loan amount will give u different legal fees on the MOC. How much was your loan amount?

This lawyer is charging based on SRO, ikut bulat2, no over-charging.


cfa28
post 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?

This lawyer is charging based on SRO, ikut bulat2, no over-charging.
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> RM700K

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


cheryee
post Feb 9 2015, 11:43 AM

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QUOTE(cfa28 @ Feb 9 2015, 11:40 AM)
> RM700K

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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Discount is prohibited under SRO la TK!
cfa28
post Feb 9 2015, 11:54 AM

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QUOTE(cheryee @ Feb 9 2015, 11:43 AM)
Discount is prohibited under SRO la TK!
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you just say in earlier post if its the same Lawyer as SPA / Loan there is allowed discount

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.


cheryee
post 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

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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Those are not discount but it's the SRO scale for MOT and MOC doh.gif


samkps
post 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

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
*
TH still under construction, how come you already paid your MOT?

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
beancountz
post 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?
cfa28
post 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?

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...
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TH is under construction but title is ready for TRansfer already.

Paid RM18K++ for MOT including RM500 for Legal Fees and RM360++ for the Form 16A earlier for Loan Agreement
samkps
post 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?
TH's MOT is about 19k. Don't quite catch what's your calculation is about samkps
Care to elaborate?
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In residential property deal, normally have 3 types of legal fees - SPA, loan agreement and MOT..

My calculation above is for the legal fees of MOT.. hmm.gif

This post has been edited by samkps: Feb 9 2015, 02:51 PM
cipan82
post 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... rclxub.gif rclxub.gif rclxub.gif sweat.gif

Ok2 i just pay je la......haha tongue.gif
samkps
post Feb 9 2015, 02:58 PM

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QUOTE(cfa28 @ Feb 9 2015, 02:25 PM)
TH is under construction but title is ready for TRansfer already.

Paid RM18K++ for MOT including RM500 for Legal Fees and RM360++ for the Form 16A earlier for Loan Agreement
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Oic.. does TH absorb any MOT legal fees? Mind to share the invoice for the MOT legal fees?

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