Hi for a property of 350k i was quoted 1750 for legal fees. That is 50% of s&p fees.  All the miscelleanous like telephone fax etc will be another 700.

I find this on the high side. Am using back the same lawyer as s&p. Wondering whether this is correct for year 2022

My friend used a diff lawyer and got a 25% for legal fees.

Hi, i need help...

1. My S&P dated 2014 mentioned free MOT by developer
2. Developer gone bankruptcy before commence MOT process

So is there any way for me to claim free mot as stated in S&P or I have to bear the MOT cost ?

Thank you.

Hi Sifus, my property VP recently and I have received notification by developer that the MOT and MOC is ready to be executed. I am a bit confused about the additional legal fees and other fees that is needed to be paid. Hope someone knowledgeable in this forum can assist. My questions are as follows:

1) The SPA legal fees was borne by developer but excluding the cost involved for MOT. Does this mean that I need to pay the stamp duty for MOT (I don't qualify for any exemptions) plus legal fees (with 35% + 75% discount) plus other incidental costs, if I use back the SPA lawyer to do the MOT?
For example, house price is 500,000, then stamp duty = 100,000 x 1% + 400,000 x 2% = 9,000. Legal fee = 500,000 x 1% x 65% x 25% = 812.50.                   

2) For the loan agreement, I have already paid the stamp duty for the loan agreement when signing it. The legal fee for loan agreement was absorbed by the financier/bank. Now, for the MOC, I am not sure what do I need to pay? Do I need to pay another time the legal fee for MOC? What is the difference between MOC and stamp duty for loan agreement?
For example, loan amount is 450,000. When sign loan agreement, legal fee was paid by financier. I have paid the stamp duty on loan agreement = 450,000 x 0.5% = 2,250. What else do I need to pay for MOC?

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.

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?

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.

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.

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?

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

Is it normal rate for > 1Mil strata house?

Quick question,
Roughly how long will it take to get the key after signing MOT? Trying to do time estimate for purchasing a subsale house.