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cocolala
post Aug 26 2019, 04:22 PM

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Hi all, I purchased a condo in July 2007 via subsale, now wants to Strata Title transfer. Purchased amount RM262k, loan amount RM235.8k

My lawyer no longer in service so he introduced another firm, below is the charges:

Professioal fees:
Perfection of Transfer RM1310 + 6% tax
Perfection of Charge RM1179 + 6% tax
Application for consent to charge RM300 + 6% tax

Disbursement:
Printing & stationeries RM200 + 6% tax
Misc RM100 + 6% tax
Travelling RM350 + 6% tax
Courier RM150 + 6% tax
Telephone RM100 + 6% tax

Disbursements:
Purchase of security documents RM100
Stamping Fee on charge annexure RM40
Application consent to charge RM50
Registration fee on transfer RM400
Registration fee on charge annexure RM120
Registration fee on consent to transfer RM130
Registration fee on consent to charge RM120
Stamp duty on transfer RM4240
Land search RM100

Can anyone advise if this is reasonable?

QUOTE
if you have an existing bank loan for that property, you'll need to pay for MOC as well (memorandum of charge) which is to charge / gadai the property to the bank

thus the title will have your name AND the bank's name.


If we do the strata title transfer this year and finished paying loan next year, do we still need to do anything to remove bank's name from the title? sorry totally have no idea about this strata title thing.

Thanks in advance.

hanhanhan can help to clarify the above? notworthy.gif

This post has been edited by cocolala: Aug 26 2019, 04:26 PM

 

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