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 Lawyer fees, reasonable quotation?

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TSSblad3
post Jul 21 2015, 02:27 PM, updated 11y ago

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Hi all,

I'm buying a house (first purchase), received quotation from a lawyer. There are some items that i got no idea of and not to mention if it is reasonable charges, any expert can help to check if below quotation is reasonable? Thanks so much! smile.gif
Also wonder is there any item that I can request to waive it?


Loan agreement
Professional fee
Charge Annexure / Deed of Assignment (min RM200.00) 440.6
3 Power of Attorney (min. RM200.00) 440.6
6 Developer Confirmation 300
10 Statutory Declaration 200
Total 1381.2

Disbursement

Affirmation of Statutory Declaration 20
2 Land Search 120
3 OA Search 60
4 SSM Search 60
5 Registration Fee for Power of Attorney 50
10 CTC Title / Official Search 50
11 Developer's Confirmation Fee 53
12 Purchase of Loan Documents 318
13 Fax/Telephone Charges 100
14 Printing/Photocopying Charges 150
15 Transport/Courier/Postage Charges 280
16 Miscellaneous 50
Total 1311


S&P
Professional fee
Deed of Assignment/Memorandum of Transfer 300
3 Deed of Mutual Covenants 300
4 Developer Confirmation Fees 200
6 CKHT 2A (RM200/person) 200
Total 1000

Disbursement
Affirmation of Statutory Declaration 20
2 Land Search 120
3 OA Search 60
4 SSM Search 60
11 Administration Fee for Developer 53
12 Fax/Telephone Charges 106
13 Printing/Photocopying Charges 159
14 Transport/Courier/Postage Charges 300
15 Miscellaneous 50
Total 928

TSSblad3
post Jul 21 2015, 08:35 PM

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does legal fees included all those 'professional fee'?
Professional fee
Charge Annexure / Deed of Assignment (min RM200.00) 440.6
3 Power of Attorney (min. RM200.00) 440.6
6 Developer Confirmation 300
10 Statutory Declaration 200
TSSblad3
post Jul 21 2015, 08:59 PM

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Updated the full quotation here.
Wonder if lawyer say give 30% lawyer fees, is it on the total professional fee (30% on 6134)or the 30% only particular on the agreement(30% on 4406.4 only)?
Question for GST as well, for this quotation, the GST charged on professional fees. However I've received another quotation that professional fee and disbursement fees both charge GST. Which item can avoid GST??

Loan agreement
Professional fee
loan agreement 4406.4
Charge Annexure / Deed of Assignment (min RM200.00) 440.6
3 Power of Attorney (min. RM200.00) 440.6
6 Developer Confirmation 300
10 Statutory Declaration 200
Total 6,134

Stamp duty
principal facilities agreement 2830
facilities agreement 30
charge annexure/deed of assignment 40
power of attorney 40
statutory declaration 20
letter of offer 10
Total 2970

Disbursement
Affirmation of Statutory Declaration 20
2 Land Search 120
3 OA Search 60
4 SSM Search 60
5 Registration Fee for Power of Attorney 50
10 CTC Title / Official Search 50
11 Developer's Confirmation Fee 53
12 Purchase of Loan Documents 318
13 Fax/Telephone Charges 100
14 Printing/Photocopying Charges 150
15 Transport/Courier/Postage Charges 280
16 Miscellaneous 50
Total 1311


S&P
Professional fee
S&P agreement 4846
Deed of Assignment/Memorandum of Transfer 300
3 Deed of Mutual Covenants 300
4 Developer Confirmation Fees 200
6 CKHT 2A (RM200/person) 400
Total 6196.76

Stamp Duty
Meorandom of transfer/deed of assignment 12840
S&P agreement 40
deed of assignment 30
deed of mutual onvenants 40
total 12950

Disbursement
Affirmation of Statutory Declaration 20
2 Land Search 120
3 OA Search 60
4 SSM Search 60
11 Administration Fee for Developer 53
12 Fax/Telephone Charges 106
13 Printing/Photocopying Charges 159
14 Transport/Courier/Postage Charges 300
15 Miscellaneous 50
Total 928

This post has been edited by Sblad3: Jul 21 2015, 09:13 PM
TSSblad3
post Jul 22 2015, 11:51 AM

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I wonder if i pay all $ in lump sum by cash/bankdraft, will able to get better price?

@Tavia898
is the rebate you talking about is same as discount on legal fees? else what kind of rebate that i can ask for?

@aurora97
it is sub-sale, you got quite cheap quotation for those bills compare to mine



TSSblad3
post Jul 22 2015, 01:04 PM

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strata title? not yet, the condo was completed in end of 2013.

This post has been edited by Sblad3: Jul 22 2015, 01:08 PM
TSSblad3
post Jul 27 2015, 04:25 PM

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Now the bank said the loan agreement must use their panel lawyer, and only give me 1 lawyer.
And the banker only giving me 1 choice...would like to ask, is there any rules/terms force us borrower must take their panel? what action i can take ?

 

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