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 About MOC/MOT

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hanhanhan
post May 8 2017, 02:33 PM

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there's a new scale right now - New SRO 2017

there's still the HDA discount (30% for prop between 250k - 500k, 35% for above 500k) and same lawyer discount (75% for using SPA lawyer, 50% for diff lawyer) though.

This post has been edited by hanhanhan: May 8 2017, 02:34 PM
hanhanhan
post May 8 2017, 04:16 PM

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if your SPA is under HDA, then

350k x 1%

then minus 30%

then minus 75%

MOC legal fee also follow the same structure - if under HDA then minus 25/30% depend how much is ur loan.
hanhanhan
post May 11 2017, 02:22 PM

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look at your initial SPA with the developer. If it says "SCHEDULE G/H" on top then it's under HDA.
hanhanhan
post May 11 2017, 02:26 PM

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QUOTE(leelee1988 @ May 9 2017, 12:37 PM)
Some question regarding the MOT
Example
If the purchase of a property in
Snp: A and B name
Loan: A and B name
Possible that when doing the transfer
Mot : A and c name
Or
Mot : just c name
Cause planing to help cousin to buy a house now and will sell it back to him after he can afford the loan.
Cause most of the bank don't accept third party financing wanted to save the cost on the mot.
Thank
*
short answer = no

there are ways, but it doesn't help u save money either.

you already answered your own question:-

QUOTE
Cause planing to help cousin to buy a house now and will sell it back to him after he can afford the loan.


buy the house, get rental income, then sell to him in future la
hanhanhan
post May 16 2017, 01:45 PM

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no HDA discount but the 50% (if MOC & MOT use diff lawyer from ur SPA and loan) / 75% (if MOC & MOT use same SPA and loan lawyer) discount still applies.
hanhanhan
post May 17 2017, 02:45 PM

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QUOTE(ronnie @ May 17 2017, 01:47 PM)
How much is Lawyer's Professional fees to perform MOT for Freehold house (full paid) ?
Average house price RM700k.
*
legal fees 6600

35% discount if u buy from developer
75% discount if u use back ur SPA lawyer
50% discount if u use other lawyer.
hanhanhan
post Oct 30 2017, 12:35 PM

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1. if u got bank loan then it's a must for MOC. generally the MOT will be done by the lawyer who did ur SPA last time and the MOC will be done by the lawyer who did your loan last time.

2. ur MOT calculation for legal fee n stamp duty is correct, but u need to factor in registration fee (differs from state to state) and disbursements which could amount anywhere between 500-1k

3. ur not eligible as the SPA price exceeds the 500k threshold.

This post has been edited by hanhanhan: Oct 30 2017, 12:35 PM
hanhanhan
post Oct 30 2017, 12:38 PM

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1. MOT stamp duty is RM15,600, legal fees is RM1,690 if u use the same S&P lawyer. disbursements anywhere between 500-1k. THe other thing u may need to pay is MOC (for loan) but that shouldn't be too exp, should be between 2-3k

2. u can still get the key.

hanhanhan
post Oct 31 2017, 03:02 PM

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yes it's reasonable. they missed out charging u a few things consider good enough d (eg legal fee on statutory declaration rm100 per SD, their RPGT also follow old value cos recently increased liao). disbursement also consider cheap.
hanhanhan
post Nov 7 2017, 03:38 PM

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usually if they dont say then means MOT & MOC charges u need to bear ownself.

Check the discount letter when u sign the S&P - usually developer will have a side letter to confirm what 'free' things u have.
hanhanhan
post Apr 5 2018, 10:52 AM

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purely just to transfer title to ur name (no SPA / no change in ownership)
use same lawyer who did ur SPA = legal fee 75% discount
use other lawyer = 50% discount

u haven't include ur disbursements which could be between rm500-1k+ depend on which land office/area.
hanhanhan
post Apr 17 2018, 01:16 PM

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as long spa price is above rm500k then ur unable to use that waiver.

doesnt matter if u count 'your' portion is 300k.

they look at the total SPA price.
hanhanhan
post Jun 11 2018, 12:06 PM

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QUOTE(Afterburner1.0 @ Jun 8 2018, 05:33 PM)
Just got a quote from my same S&P lawyer to settle my freehold condo MOT:

Purchase Price: RM502K

Solicitor fees: RM1250 (apparently alredi gave me 75% discount)

Land Search fees: RM30
Registration fees on MOT: RM400
Travelling Expenses: RM200
Misc: RM100

Stamp Duty on MOT: RM9060

TOTAL: RM11,044

So can anyone advise if the quote is reasonable? thx in advance....
Btw, i don't have any loan outstanding.
*
yes it's reasonable..

if you initially purchase direct from developer, u can get additional 35% off the legal fee


hanhanhan
post Jun 11 2018, 12:08 PM

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QUOTE(ace_halo @ Jun 10 2018, 01:11 PM)
Hi admin.
I would like to execute the MOT for my mother's town house, we purchased the property many years ago. Last month I received this letter , just wondering should I go straight to the address above or go to the S&P LAWYER ?

Besides, the property we purchased  many years ago cost 130k. How much fees consider reasonable for the MOT ?

Thank you in advance.
*
contact the MOT lawyer.

stamp duty is rm2,200, legal fees should be within 1k

this case may incur additional fees because developer has been liquidated and the liquidator usually will charge extra admin fee, storage fee etc.
hanhanhan
post Jun 11 2018, 02:03 PM

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QUOTE(Afterburner1.0 @ Jun 11 2018, 12:12 PM)
I purchased directly from developer and this is the same legal firm used to sign my S&P. They told me alredi gave me 75% discount... so is it another 35% off on top of the 75% off?
*
u need to check the SPA whether it mentioned "SCHEDULE H HOUSING DEVELOPMENT ACT" (usually on 1st page).

if it does, then got additional 35%.
hanhanhan
post Jun 13 2018, 12:07 PM

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QUOTE(Afterburner1.0 @ Jun 13 2018, 08:44 AM)
Ok, ive checked my S&P and it does state  "SCHEDULE H HOUSING DEVELOPMENT ACT" (on the 1st page as a Header).
May i know why with this sentence i am entitled to get additional 35% on top of the 75% offered by my S&P lawyers?
*
for agreements made under the prescribed form in the HDA (housing development act), lawyer has to give extra discount if the SPA price:-

property below 250k = 25%
between 250-500k = 30%
above 500k = 35%
hanhanhan
post Jun 13 2018, 02:23 PM

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QUOTE(Afterburner1.0 @ Jun 13 2018, 02:02 PM)
so my solicitor fees now is RM1254 less 35%= RM815
or that RM1254 is alredi discounted?
*
815 is after 35% + 75%
hanhanhan
post Jun 13 2018, 04:57 PM

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QUOTE(Afterburner1.0 @ Jun 13 2018, 04:43 PM)
Just got some clarification from my lawyer, the 35% u mentioned is for the loan is it? Which is normally bear by the developer upon signing of S&P.
I've also done my Receipt & Reassignment 2 yrs back and now just want to do MOT, Hence the below is just for MOT.
Hence, i hope the fees charge is reasonable.....
Just got a quote from my same S&P lawyer to settle my freehold condo MOT:

Purchase Price: RM502K

Solicitor fees: RM1250 (apparently alredi gave me 75% discount)

Land Search fees: RM30
Registration fees on MOT: RM400
Travelling Expenses: RM200
Misc: RM100

Stamp Duty on MOT: RM9060

TOTAL: RM11,044
*
if im not mistaken there is actually another 35% for HDA discount on MOT. refer to pg 7 for the SRO amendment order.

otherwise, the charges are fairly standard.




Attached File(s)
Attached File  pua_20170302_P.U.__A__67_2017.pdf ( 406.33k ) Number of downloads: 122
hanhanhan
post Jul 15 2018, 09:04 AM

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QUOTE(Eric589 @ Jul 14 2018, 04:16 PM)
Hi all,

Got some confuse with the MOT

1. According to the new strata law,
MOT should be paid before VP or can drag few months after VP yeah?

2. If Dint pay still can get the key, may I know any consequences if dint pay.
Thanks yeah!
*
theoretically the strata title should be ready by the time VP is handed over because schedule of parcels ('strata plans') has to be filed by the developer to the authorities before they can start selling the property to others - this is an effort by govt to expedite the issuance of strata title by 'forcing' developers to do this at the beginning stage as opposed to the end-stage (VP stage) as was the case before approx 2016-2017.

however for ur question:-

1. practically you can still drag for few months. the law states that you need to transfer the title to your name within 30 days from the date of issuance of strata title, failing which there will be a fine. however we have not seen anyone being fined by authorities (except some developers who will charge you strata title storage fees) for delaying the transfer of title to their name.

2. the fine. and other consequences are if you drag too long until developer winds up / liquidated, you'll have a tough time to transfer the title later (longer process + cost more to go through liquidator / insolvency department)
hanhanhan
post Jul 17 2018, 11:08 AM

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QUOTE(JeffreyYeoh @ Jul 17 2018, 10:46 AM)
hi Sifu,

Want to ask, i recently went to a show unit and was told by the SA that i'm still eligible for this MOT waiver even i had a first house 4 years ago with SPA price rm590k.
The reason given was that i'm eligible because this waiver was announced after my first house purchase and everyone is entitle to utilize it ONCE if after this budget announced. If SPA price falls into their category of course.

Is this true?

Also, if a member of family bought a unit that is eligible for this MOT waiver, how can they apply for this?
*
unlikely will be entitled to.

if LHDN check then they will say cannot get waiver. if however u are young (maybe IC starting with 80-90) they might not check their system and u may get it.

however if u want to know strictly legally, then you're not entitled.

the surat akuan that you're required to sign states that "tidak pernah memiliki" which means even if you bought a house 10 years ago and subsequently sold it - also not entitled.

Basically to apply for this waiver u need to tell ur lawyer. they will prepare a surat akuan for u to sign and will submit it together to stamp office during stamping.

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