For discharge of charge, the legal fees as provided and fixed under the Solicitors Remuneration Order is RM300.
Other disbursements will be:
registration fee for the discharge paid to the land office (depends on LO), if kl and sel will be rm 70 (inclusive of PA noting).
Stamp duty - Rm10.
vesting order - if applicable will be rm100 (kl n sel).
land search - rm30.
travelling, printing, postage etc will come up to around 300 to 400.
Most banks do not require you to go to the bank to execute a form on the legal firm you are appointing. Law firm will prepare a letter of authorisation for you to sign and will forward it to the bank with the discharge form.
You will need to provide a copy of the title and the current quit rent and assessment receipts to your lawyer.
Can pm me if you need further info.
Discharge of loan, how much
Jan 16 2016, 03:02 PM
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