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 About MOC/MOT

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mini orchard
post Jan 26 2023, 11:04 AM

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QUOTE(babylon52281 @ Jan 25 2023, 01:10 AM)
Hi, freehold service apartment in Selangor. This is my first property tho
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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.
babylon52281
post Jan 27 2023, 12:34 AM

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Dang! That was Rm 15k I dumped into this and waiting for nearly a year. Coulda invested that haha.
babylon52281
post Feb 18 2023, 05:18 PM

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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.
hanhanhan
post Feb 20 2023, 03:44 AM

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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.

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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there are so many factors

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)
babylon52281
post Feb 21 2023, 11:41 AM

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QUOTE(hanhanhan @ Feb 20 2023, 03:44 AM)
there are so many factors

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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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...

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
hanhanhan
post Feb 22 2023, 12:50 AM

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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...

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?
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if ur case,

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).


babylon52281
post Feb 23 2023, 11:55 PM

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QUOTE(hanhanhan @ Feb 22 2023, 12:50 AM)
if ur case,

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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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.
hanhanhan
post Feb 24 2023, 12:09 AM

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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.
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tbh alot 3rd party lawyer charge the same as ur lawyer. see whether they want or not only.
babylon52281
post Feb 24 2023, 08:33 AM

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QUOTE(hanhanhan @ Feb 24 2023, 12:09 AM)
tbh alot 3rd party lawyer charge the same as ur lawyer. see whether they want or not only.
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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.
hanhanhan
post Feb 24 2023, 08:43 AM

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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.
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yea tapi boleh bawa bincang hahahaha.
babylon52281
post Feb 27 2023, 09:13 AM

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QUOTE(hanhanhan @ Feb 24 2023, 08:43 AM)
yea tapi boleh bawa bincang hahahaha.
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I see I see haha biggrin.gif Good tip maybe next time I will try that icon_idea.gif
cyclone9
post May 2 2023, 02:53 PM

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Anyone can recommend me trusted lawyer to help me perform MOT and MOC?
GamaX320
post Nov 14 2023, 08:54 PM

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Normally under construction project take how long we can sign MOT?
Aldo-Kirosu
post Nov 14 2023, 08:57 PM

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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.
Mlchoo
post Nov 21 2023, 05:33 PM

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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
DragonReine
post Nov 21 2023, 09:19 PM

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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?
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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
hanhanhan
post Nov 30 2023, 02:33 AM

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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?
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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
adamhzm90
post Apr 25 2024, 07:57 PM

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Hi, how much to expect for POC and POT legal fees for a 900k house, with an exempted stamp duty (bought during HOC period)
rockstar_
post Apr 25 2024, 09:08 PM

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My MOT fee is 1200 and MOC fee is 1500 + consent 500.

Is it normal rate for > 1Mil strata house?
hanhanhan
post Apr 26 2024, 11:43 PM

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QUOTE(rockstar_ @ Apr 25 2024, 09:08 PM)
My MOT fee is 1200 and MOC fee is 1500 + consent 500.

Is it normal rate for > 1Mil strata house?
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too fkn cheap

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