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 About MOC/MOT

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airtawarian
post Nov 3 2018, 02:51 PM

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QUOTE(Asiana @ Nov 2 2018, 04:48 PM)
Hi all.

My house purchased price 195k. With 2 names. I purchased in 2005.

Right now i'm going to do MOC with snp lawyer. This is the their price:
Perfection of charge : rm1950

Statutory declaration: rm200

Sst 6% : rm129
Disbursement:

1. Loan doc (poc) : 250

2. Stamping : 40

3. Registration : 120

4. Affirmation statutory declaration : 60

5. Land search : 160

6. Postage, courier, printing, photostat, binding : 380

7. Phone, handphone, fax : 380

8. Travel, transport : 380

9. Misc : 100
Total: rm4149

What is your opinion?

Hope all the sifu can give me some advice on this bill.
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Some items expensive. Try use Your own Lawyer or get quotation from others For comparison
Asiana
post Nov 4 2018, 07:51 PM

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QUOTE(airtawarian @ Nov 3 2018, 02:51 PM)
Some items expensive. Try use Your own Lawyer or get quotation from others For comparison
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Hi, tq for your response.

The moc chargers is based on purchased price or market price?
airtawarian
post Nov 6 2018, 11:28 AM

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Based on Your loan
Asiana
post Nov 6 2018, 09:17 PM

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QUOTE(airtawarian @ Nov 6 2018, 11:28 AM)
Based on Your loan
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Tq so much. That means they are trying to cheat me. When i called regarding the charges they said they already give me discounts, coz otherwise they can charge me based on market price.

The clerk also talk like she is a lawyer herself!! Even threatens not to proceed with the moc, because its not worth it, if i asked for more discounts.
hanhanhan
post Nov 9 2018, 06:30 PM

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QUOTE(airtawarian @ Nov 3 2018, 02:51 PM)
Some items expensive. Try use Your own Lawyer or get quotation from others For comparison
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POC is based on loan amount

if u use same lawyer who did your loan documents, they are bound to give u 75% discount (via the Solicitors Remuneration Order)

if u use diff lawyer, then they only bound to give 50%.
Asiana
post Nov 23 2018, 07:48 AM

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QUOTE(hanhanhan @ Nov 9 2018, 06:30 PM)
POC is based on loan amount

if u use same lawyer who did your loan documents, they are bound to give u 75% discount (via the Solicitors Remuneration Order)

if u use diff lawyer, then they only bound to give 50%.
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Tqvm
gilabola
post Jan 4 2019, 01:54 PM

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Has anyone tried to DIY the MOT? I purchased from a developer and the S&P fees was borne by the developer.

Property is now completed and i now have to pay for the MOT legal fees which is quite a bit even though its 25% of the S&P fees

Looked at the process online and it seems do-able. Title already issued and is with the developer.

Am I taking a big risk if I DIY?

This post has been edited by gilabola: Jan 4 2019, 02:20 PM
airtawarian
post Jan 4 2019, 09:03 PM

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You need Lawyer to sign boss.
gilabola
post Jan 5 2019, 12:17 AM

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QUOTE(airtawarian @ Jan 4 2019, 09:03 PM)
You need Lawyer to sign boss.
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This post by Dariofoo says commissioner of oaths can sign:
https://forum.lowyat.net/index.php?showtopi...post&p=41402233

The downside is that I bear all the risk...
But I figured that it's a reputable developer and freehold individual title is already issued ....so the risks should be manageable. Or am I naively underestimating the risks?

This post has been edited by gilabola: Jan 5 2019, 12:30 AM
KvinC
post Jan 17 2019, 03:16 PM

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HI guys, want to ask regarding the waiver for 1st time house owner MOT fee.

If let say property SNP is under Owner A & Owner B and the loan is under Owner A.

Will this effect Owner B waiver for 1st time house owner MOT fee?
hanhanhan
post Jan 18 2019, 06:33 PM

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QUOTE(KvinC @ Jan 17 2019, 03:16 PM)
HI guys, want to ask regarding the waiver for 1st time house owner MOT fee.

If let say property  SNP is under Owner A & Owner B and the loan is under Owner A.

Will this effect Owner B waiver for 1st time house owner MOT fee?
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yes.

owner B owns half share on this house.

so the next house he buy wont be 'first house' anymore.
Gris92
post Jan 19 2019, 08:58 PM

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Hi,

I'm buying a new house rm408888 and only finished by the end of 2020. So, the SnP is rm450, and legal fee is rm5500. Just this morning, the lawyer told me that the legal doc and mot is rm12460. I'm quite shocked. Is the lawyer charged me well?
airtawarian
post Jan 20 2019, 06:32 AM

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QUOTE(Gris92 @ Jan 19 2019, 08:58 PM)
Hi,

I'm buying a new house rm408888 and only finished by the end of 2020. So, the SnP is rm450, and legal fee is rm5500. Just this morning, the lawyer told me that the legal doc and mot is rm12460. I'm quite shocked. Is the lawyer charged me well?
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Others are disbursements
KvinC
post Jan 27 2019, 09:45 PM

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QUOTE(hanhanhan @ Jan 18 2019, 06:33 PM)
yes.

owner B owns half share on this house.

so the next house he buy wont be 'first house' anymore.
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Ic, noted. Thanks for the reply smile.gif smile.gif
Cgang91
post Jan 28 2019, 07:31 PM

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Hi all experts, a noob question here :
I have just booked a new property with s&p price around 540k, with 7% cash rebate and 3% rebate when get the house.
The agent said all the legal fees, stamp duty and chargers are covered by developer, except MOT.

And I heard that start from 1st Jan 2019 till 2020, 1st home buyer are entitled to waive MOT.

Is it truth?
Fully waived or just partially?
Am I entitled for it? And any more hidden fees behind it?

hanhanhan
post Jan 29 2019, 04:05 PM

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QUOTE(Cgang91 @ Jan 28 2019, 07:31 PM)
Hi all experts, a noob question here :
I have just booked a new property with s&p price around 540k, with 7% cash rebate and 3% rebate when get the house.
The agent said all the legal fees, stamp duty and chargers are covered by developer, except MOT.

And I heard that start from 1st Jan 2019 till 2020, 1st home buyer are entitled to waive MOT.

Is it truth?
Fully waived or just partially?
Am I entitled for it? And any more hidden fees behind it?
*
several conditions must be met

1. first time homebuyer (ur name cannot appear on any other property even if u didnt 'buy' it)
2. spa price below 1mil
3. spa date must be between 1.1.2019 - 30.6.2019

only stamp duty waived. u still need pay legal fees n disbursements to ur lawyer.
Cgang91
post Jan 29 2019, 08:35 PM

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QUOTE(hanhanhan @ Jan 29 2019, 04:05 PM)
several conditions must be met

1. first time homebuyer (ur name cannot appear on any other property even if u didnt 'buy' it)
2. spa price below 1mil
3. spa date must be between 1.1.2019 - 30.6.2019

only stamp duty waived. u still need pay legal fees n disbursements to ur lawyer.
*
So mean when doing MOT, only stamp duty is waived, but still have to pay the legal fees n disbursements? 🤔
Mr.World Weary
post Jan 30 2019, 10:40 AM

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QUOTE(Cgang91 @ Jan 29 2019, 08:35 PM)
So mean when doing MOT, only stamp duty is waived, but still have to pay the legal fees n disbursements? 🤔
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yeah man, that's a necessary cost to purchase a property, stamp duty itself occupied 60% (+-) out of total SPA charges, so if it is confirmed that you are entitled to the waiver, you are very lucky already since you can save a lot of your money.
hhho
post Jan 30 2019, 11:48 AM

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For million ringgit property, you save 24k on MOT that's a lot of money.
Maurice66
post Jan 30 2019, 07:49 PM

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Hi all sifus,

My condo is going to VP soon, i am first home buyer, i signed the SPA on 2016, property price is 483K. Would like to check am i entitled 50% discount of the MOT? if yes, how do i claim this 50%? from the lawyer? or from the land authority?

Thanks if any sifus can reply me smile.gif
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