QUOTE(babylon52281 @ Jan 25 2023, 01:10 AM)
I think during the purchase, the strata title is in the process being issue. Your seller has to have the title transfer to his name first b4 to you, hence the long process.About MOC/MOT
About MOC/MOT
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Jan 26 2023, 11:04 AM
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All Stars
14,511 posts Joined: Sep 2017 |
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Jan 27 2023, 12:34 AM
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2,654 posts Joined: Apr 2017 |
Dang! That was Rm 15k I dumped into this and waiting for nearly a year. Coulda invested that haha.
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Feb 18 2023, 05:18 PM
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Senior Member
2,654 posts Joined: Apr 2017 |
Just to update if anyone interested, after a wait of 7.5 months I finally got my strata title.
Not sure if this wait is short or fast or normal, for me its a long wait. Anyhow this could be an indication how long it would that to get ur title from date of MOT & MOC payment. |
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Feb 20 2023, 03:44 AM
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur |
QUOTE(babylon52281 @ Feb 18 2023, 05:18 PM) Just to update if anyone interested, after a wait of 7.5 months I finally got my strata title. there are so many factorsNot sure if this wait is short or fast or normal, for me its a long wait. Anyhow this could be an indication how long it would that to get ur title from date of MOT & MOC payment. 1. whether ur property need land office consent 2. whether u took 'bulk quotation' lawyer that charge cheap but work slower 3. which bank ur loan from (most bank treat perfection title with lowest priority so will take 1-2 month for bank to sign) |
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Feb 21 2023, 11:41 AM
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2,654 posts Joined: Apr 2017 |
QUOTE(hanhanhan @ Feb 20 2023, 03:44 AM) there are so many factors 1. Property is in Selangor, Freehold, nonbumi, my 1st home. Not sure what else need their extra consent. It did take a month from the time when my lawyer got the MOT to getting approval from land office and getting the strata. But that was just one month...1. whether ur property need land office consent 2. whether u took 'bulk quotation' lawyer that charge cheap but work slower 3. which bank ur loan from (most bank treat perfection title with lowest priority so will take 1-2 month for bank to sign) 2. Bulk quotation, is it mean doing it via the developer & loan law firms? Yup I used both to get full % lawyer fee discount. But up to half a year? 3. Maybank, so I dunno is this a slow bank or fast bank... but loans do go thru very fast. I had property & car loans with them, credit cards, Lazada installment plan, FDs, some investments, basically a very well tied up customer haha. Still what should be the average waiting time for MOT til get strata? This post has been edited by babylon52281: Feb 21 2023, 11:43 AM |
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Feb 22 2023, 12:50 AM
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1,197 posts Joined: Oct 2006 From: Kuala Lumpur |
QUOTE(babylon52281 @ Feb 21 2023, 11:41 AM) 1. Property is in Selangor, Freehold, nonbumi, my 1st home. Not sure what else need their extra consent. It did take a month from the time when my lawyer got the MOT to getting approval from land office and getting the strata. But that was just one month... if ur case,2. Bulk quotation, is it mean doing it via the developer & loan law firms? Yup I used both to get full % lawyer fee discount. But up to half a year? 3. Maybank, so I dunno is this a slow bank or fast bank... but loans do go thru very fast. I had property & car loans with them, credit cards, Lazada installment plan, FDs, some investments, basically a very well tied up customer haha. Still what should be the average waiting time for MOT til get strata? 3 month is consider fast/normal. maybank usually take 1-1.5month to sign the docs (actually for POT & POC almost all bank take a month to sign, because low priority), depending got ppl follow up with them or not. 6 month is nobody chase or follow up/ normal for big firms. if use back developer firm usually slow. u need to understand perfection of transfer & charge is the lowest priority files in law firm and bank because there is no real due date for POT & POC, as opposed to ongoing subsale transaction. legal fees for POT & POC add up at most wont exceed 2k (depending on ur S&P price la). they rather spend their resources doing cases that earn 5k (eg new S&P/loan/subsale). |
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Feb 23 2023, 11:55 PM
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2,654 posts Joined: Apr 2017 |
QUOTE(hanhanhan @ Feb 22 2023, 12:50 AM) if ur case, Thanks for sharing, this experience is an eyeopener for 1st time property owner like me. That was a decision I prolly should have went to a 3rd party lawyer that will have prioritise my case but then i would lose out on the lawyer fee discount. Something to ponder.3 month is consider fast/normal. maybank usually take 1-1.5month to sign the docs (actually for POT & POC almost all bank take a month to sign, because low priority), depending got ppl follow up with them or not. 6 month is nobody chase or follow up/ normal for big firms. if use back developer firm usually slow. u need to understand perfection of transfer & charge is the lowest priority files in law firm and bank because there is no real due date for POT & POC, as opposed to ongoing subsale transaction. legal fees for POT & POC add up at most wont exceed 2k (depending on ur S&P price la). they rather spend their resources doing cases that earn 5k (eg new S&P/loan/subsale). |
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Feb 24 2023, 12:09 AM
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1,197 posts Joined: Oct 2006 From: Kuala Lumpur |
QUOTE(babylon52281 @ Feb 23 2023, 11:55 PM) Thanks for sharing, this experience is an eyeopener for 1st time property owner like me. That was a decision I prolly should have went to a 3rd party lawyer that will have prioritise my case but then i would lose out on the lawyer fee discount. Something to ponder. tbh alot 3rd party lawyer charge the same as ur lawyer. see whether they want or not only. |
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Feb 24 2023, 08:33 AM
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2,654 posts Joined: Apr 2017 |
QUOTE(hanhanhan @ Feb 24 2023, 12:09 AM) Really? From what I understand the info I gathered from internet, the legal limit for full discount is only given to the firms involved directly with the loans; so either developer or bank lawyers. For 3rd party they are legally only allowed to give max 75% discount or something like that. |
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Feb 24 2023, 08:43 AM
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur |
QUOTE(babylon52281 @ Feb 24 2023, 08:33 AM) Really? From what I understand the info I gathered from internet, the legal limit for full discount is only given to the firms involved directly with the loans; so either developer or bank lawyers. For 3rd party they are legally only allowed to give max 75% discount or something like that. yea tapi boleh bawa bincang hahahaha. |
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Feb 27 2023, 09:13 AM
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2,654 posts Joined: Apr 2017 |
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May 2 2023, 02:53 PM
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2,949 posts Joined: Jan 2003 From: Cheras , Bandar Sungai Long |
Anyone can recommend me trusted lawyer to help me perform MOT and MOC?
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Nov 14 2023, 08:54 PM
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#293
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822 posts Joined: Sep 2012 |
Normally under construction project take how long we can sign MOT?
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Nov 14 2023, 08:57 PM
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662 posts Joined: Jun 2020 |
Its depend on developer when the strata title is issued? for freehold individual title landed property normally it can be done within a year, for strata property or highrised, some take within a year, but some wait until 3 year only able to do MOT.
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Nov 21 2023, 05:33 PM
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#295
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60 posts Joined: Mar 2011 |
I am in Penang. The lawyer from developer called to say can get MOT. Is the lawyer's fees negotiable or not? Also, besides MOT, they tell me got to pay 2k+ for registration fee for transfer and stamp duty another 19k. Legal fees almost 4k (transfer 2.4k, charge 1.5k). Total around 25k. Is this reasonable?
This post has been edited by Mlchoo: Nov 21 2023, 06:04 PM |
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Nov 21 2023, 09:19 PM
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2,610 posts Joined: Aug 2011 |
QUOTE(Mlchoo @ Nov 21 2023, 05:33 PM) I am in Penang. The lawyer from developer called to say can get MOT. Is the lawyer's fees negotiable or not? Also, besides MOT, they tell me got to pay 2k+ for registration fee for transfer and stamp duty another 19k. Legal fees almost 4k (transfer 2.4k, charge 1.5k). Total around 25k. Is this reasonable? Lawyer's fees are pretty much fixed by Solicitor's Remuneration Order (a guidelines for law firm fees) in Malaysia, can calculate here:https://www.lowpartners.com/malaysia-law-fi...uty-calculator/ Except that if you employ same law firm as your representative law firm for SPA signing, the existing lawyer should only charge the buyer only 25% of their full-scale legal fees, per the Solicitors Remuneration Order. If different lawyer, max is 50%. This post has been edited by DragonReine: Nov 21 2023, 09:21 PM |
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Nov 30 2023, 02:33 AM
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur |
QUOTE(Mlchoo @ Nov 21 2023, 05:33 PM) I am in Penang. The lawyer from developer called to say can get MOT. Is the lawyer's fees negotiable or not? Also, besides MOT, they tell me got to pay 2k+ for registration fee for transfer and stamp duty another 19k. Legal fees almost 4k (transfer 2.4k, charge 1.5k). Total around 25k. Is this reasonable? so your property is about 900k+4k total is normal/cheap borderline. unless u can get some desperate lawyer willing to do pasar malam prices, then just go ahead with it |
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Apr 25 2024, 07:57 PM
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#298
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1,386 posts Joined: Apr 2014 |
Hi, how much to expect for POC and POT legal fees for a 900k house, with an exempted stamp duty (bought during HOC period)
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Apr 25 2024, 09:08 PM
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Junior Member
413 posts Joined: Nov 2008 From: Cyberjaya, Selangor |
My MOT fee is 1200 and MOC fee is 1500 + consent 500.
Is it normal rate for > 1Mil strata house? |
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Apr 26 2024, 11:43 PM
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur |
QUOTE(rockstar_ @ Apr 25 2024, 09:08 PM) too fkn cheap rockstar_ liked this post
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