If we buy subsale, the lawyer fee we need pay first to lawyer? normally how it goes
Subsale purchase
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 Dec 7 2022, 08:49 PM, updated 4y ago
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66 posts Joined: Sep 2021 
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Dec 7 2022, 09:06 PM
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197 posts Joined: Apr 2012
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First you need to sign booking form and place an earnest deposit to the lawyer (normally 3%). The lawyer will then proceed to prepare SPA agreement. You will normally need to pay the remaining 7% (that constitutes 10% of downpayment) together with the mot and legal fee once you sign the SPA.
This post has been edited by Avenger_2012: Dec 7 2022, 09:07 PM |
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Dec 7 2022, 09:41 PM
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All Stars
14,511 posts Joined: Sep 2017
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QUOTE(Sahixo @ Dec 7 2022, 08:49 PM) If we buy subsale, the lawyer fee we need pay first to lawyer? normally how it goes For legal fees on SnP, some lawyers will request for 30 to 50% downpayment for preparation work. In the event the buyer decided not to proceed for whatever reasons, the downpayment is not refundable. Balance will be after signing and stamping of SnP. Loan Agreement lawyer fess is different scope of work. |
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