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 Tiara east semenyih, double storey house

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cheryee
post Feb 6 2015, 03:13 PM

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QUOTE(cfa28 @ Feb 6 2015, 01:02 PM)
the RM14K that you are referring to is for MOT and is paid to Land Office based on

First RM100K - 1%
Next RM400K - 2%
> RM500K - 3%

Legal Fees for the MOT should be between RM500 to RM1K only

Let me summon a buyer here gtfan

GTFAN - did u receive notice to pay MOT?  Did the developer promise to bear for you
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QUOTE(cipan82 @ Feb 4 2015, 11:23 AM)
i check again with them....
tiara east developer only pay the S&P,legal fees...
for the MOT need to pay on your own...demmmmmm...the fee is RM15k...demmm expensive....
lucky for setia eco hill buyer.....the MOT developer absorb the cost...
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Cipan gor,

Dun worry, be happy .. dum deng yau chin jeng tongue.gif

Let me help2 you here.

1) Your SPA is min 700k if your stamp duty on the MOT is 15k, the computation is as follows:-

First RM100K - 1% [RM1,000]
Next RM400K - 2% [RM8,000]
Balance RM200k - 3% [RM6,000]

TOTAL = RM15,000

2) The legal fees for the MOT is as follows:-

a) Up to 25% of your previous legal fees if you appoint your previous SPA solicitors to perfect the MOT for you [In this case, it should be Messrs Joseph Ting & Co. from KD]; OR

b) Up to 50% of your previous legal fees if you appoint a new firm of solicitors to perfect the MOT for you.

smile.gif











cheryee
post Feb 6 2015, 03:36 PM

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QUOTE(samkps @ Feb 6 2015, 03:28 PM)
If not mistaken, Tiara East selling price is around 500k when they launched a few years back.. 700k only for end lot or corner I presume...  hmm.gif
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Wah! Cipan gor loaded woh rclxms.gif thumbup.gif
cheryee
post Feb 6 2015, 04:36 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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Cipan gor,

Ng sai gang ... dum deng yau chin jeng tongue.gif

1) OCBC released RM14,640.00 is for payment of the 2.5% retention sum pursuant to Item 4 of Third Schedule of your SPA (you can refer to your SPA).

2) RM15K to Joseph Ting kena bayar lo since you said Kueen Lai not paying for you cry.gif
cheryee
post Feb 6 2015, 04:51 PM

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QUOTE(cipan82 @ Feb 6 2015, 04:41 PM)
owhh like that... sweat.gif
thanxxx rclxms.gif
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No need to sweat la ... If u intend to sell within the next few mths, then drag the signing of the MOT lo. Once you have secured a purchaser, then you can request Kueen Lai for a consent to direct transfer and VOILA!!! You can save that 15k jor tongue.gif
cheryee
post Feb 6 2015, 04:55 PM

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QUOTE(samkps @ Feb 6 2015, 04:46 PM)
TKJ, lawyer prepare MOT also kena charge professional fees huh? As can be seen for Cipan gor cases, stamp duty for MOT only RM 11,568, but plus in those other stuffs already escalated to ~ RM 15k already.. 

Is it normal huh? The developer also will be charged with such professional fees as well, right?
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Sam gor,

Lawyer prepare MOT and Charge of course have to charge legal fees la. If not, lawyer no need to eat meh sweat.gif

The lawyer only charge the purchaser, no double charge on the developer geh. So if in the case of a developer paying the fees and stamp duty, then purchaser mah no need to pay anything lo thumbup.gif


cheryee
post Feb 6 2015, 05:10 PM

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QUOTE(samkps @ Feb 6 2015, 05:03 PM)
Oic...

TKJ, take Cipan gor example:

Sale price: RM 585,600

Legal fees for SPA: RM 4,545

If 25% means: RM 1,136.25..

But how come this lawyer charge Memorandom of transfer RM 1137.30 plus Memorandum of Charge RM 1034.82 geh?  rclxub.gif  rclxub.gif
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Legal fees for RM585,600 = 4,549.20

25% = RM1,137.30 la doh.gif


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
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?
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.
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!
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


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