Dear all, my strata title finally ready, I received 2 quotation from same solicitor who did my SPA as well as Loan Agreement, namely:
1) Perfection of MOT &
2) Perfection of Charge (MOC)

I would like to know if these particular charges below are reasonable:

Perfection of MOT: (Purchase price 350K)
- MOT legal fee 870
- MOT Registration fee 200
- Land Search fee 50 (still need another land search after SPA?)

Perfection of MOC: (Loan amt 315K)
- Legal fee for Subsidiary instrument - MOC RM800 (how they calculate?)
- Purchase documents from bank/developer - RM250 (no idea what this)
- Stamp duty for MOC - RM40

Hence, in order to sign the MOT, i need to pay a total of RM9300 (MOT 7600 + MOC 1700)...

Appreciate if someone can clarify on the charges listed above Thanks!

This post has been edited by locoroco2: May 7 2017, 10:14 AM

the developer's letter asked me to sign the MOT within 30 days from date of the notice, I am confused as to whether 30 days or 12 months period ?

Appreciate your prompt reply! Correct me if wrong, the New Amended Act you mentioned is the one came into force in 2013 Link of new Act?

Anyway I just checked, the developer's license was issued in 2009, so should be 12 months in my case?

Do you have the latest scale rate to calculate the Legal fee for MOT as well as MOC? The legal fee scale fee for MOT of 1% for first 150k, and 0.7% for next 850k still applicable? what about the scale fee for MOC?

Thanks alot.

This post has been edited by locoroco2: May 8 2017, 11:54 AM

Thanks a million bro! Correct me if wrong, with new scale, if using spa lawyer, the MOT legal fee for 350k prop is (1% of 350k)x25% ? MOC legal fee also same 25% ?

Thank u so much for your clarification! meaning if under HDA the formula for 350k prop is (350k x 1% x 70% x 25%) = 612.50, hope i got it right this time lol.

but the residential unit I purchased direct from developer was under mixed development project, how to confirm if it's under HDA or not?

This post has been edited by locoroco2: May 8 2017, 11:47 PM

Thanks for the rate! yeap, i just received the quotation from SPA lawyer, the formula used was (350K x 1% x 25%) without the HDA extra 30% i wonder why now...

Is it true that S.19A Strata Title (Amendment) Act 2013 has been deleted by Strata Title Amendment Act 2016 hence no time limit for the Perfection of Transfer for Strata Title? not even 30 days period ?

I really appreciate your straightforward answer! thanks bro!

extra query: So if it's a case of Subsale unit purchase (meaning not direct from developer) the SPA won't be governed under HDA hence no discount in relation to HDA on legal fee on MOT as well as MOC (if applicable) ?

This post has been edited by locoroco2: May 12 2017, 03:55 PM