Mar 28 2020, 12:49 PM
QUOTE(Ceci Chan @ Jul 3 2019, 10:05 PM)
hmm...
to discharge your property from bank, either discharge (if Individual Title/Strata Title is issued) or deed of receipt and reassignment (if your property still under Master Title), the legal fees + disbursement is under rm1000. the legal fees is stated under Solicitor Remuneration Order.
I not sure whether your property is still under Master Title and the Individual/Strata Title is issued but not yet transfer to your name (still under Developer's name), maybe your SPA lawyer include the fees for Perfection of Transfer (means to transfer the title into your name from the Developer). I think you should check this out.
I am engaging my SPA lawyer to execute the Perfection of Transfer of strata title. But was told by my SPA lawyer that there is a conflict of interest cos they are representing the financier (my housing loan bank). If i were to engage them i need to sign an agreement with them to acknowledge the fact that they are only representing the financier but not me and that i agree to engage them with with full knowledge and acknowledgement of the above. The solicitor also prepare a Charge Agreement between me and the financier despite the fact that there is already an existing home loan agreement that i had signed with the bank a few yrs ago when securing my home loan.to discharge your property from bank, either discharge (if Individual Title/Strata Title is issued) or deed of receipt and reassignment (if your property still under Master Title), the legal fees + disbursement is under rm1000. the legal fees is stated under Solicitor Remuneration Order.
I not sure whether your property is still under Master Title and the Individual/Strata Title is issued but not yet transfer to your name (still under Developer's name), maybe your SPA lawyer include the fees for Perfection of Transfer (means to transfer the title into your name from the Developer). I think you should check this out.
Is this a common practice in M'sia that the SPA lawyer representing both the Financier and the Mortgagor as in my scenario ?
On what ground that i need to sign the additional so called "Charge Agreement" with my financier ?
Appreciate your advice on what i should do.
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