QUOTE(poco loco @ May 28 2025, 03:43 AM)
so how much lawyer fee to be expected if the house is rm 100k? how many %? and is it flat rate or beza alot of %? i my self no lawyer so gonna use the ajen lawyer
wow ai really good...this is the result i get from search
Lawyer fees for buying a house in Malaysia are calculated based on the property's purchase price and are usually a percentage of the value. The rates typically vary depending on the price tier of the property. Additionally, loan legal fees are also calculated separately.
Here's a breakdown of how legal fees are calculated:
Sale and Purchase Agreement (SPA) Legal Fees:
For the first RM 500,000 of the property price, the fee is typically 1.25% (with a minimum of RM 500).
For subsequent RM 7,000,000, the fee is usually 1%.
For property values exceeding RM 7,500,000, the fees are usually negotiable, but typically capped at 1%.
Loan Agreement Legal Fees:
These fees are also calculated as a percentage of the loan amount and are usually different from the SPA legal fees.
For example, the fee for the first RM 100,000 of the loan may be 1%, with different rates for subsequent tiers.
Important Considerations:
Negotiation:
Legal fees can often be negotiated, especially for higher-value properties.
"Free Legal Fees":
Be wary of developers offering "free legal fees" as it may involve hidden costs or the developer's lawyer acting for both parties, which is not ideal.
Each party's own legal fees:
In Malaysia, the buyer and seller are generally responsible for their own legal fees, and the developer's solicitor must not act for the buyer.
Example:
Let's say you buy a house for RM 600,000:
The first RM 500,000 would be charged at 1.25% (approximately RM 6,250).
The remaining RM 100,000 would be charged at 1% (approximately RM 1,000).
The total SPA legal fees would be around RM 7,250.
In addition, you'll have loan legal fees to consider, which would be calculated separately based on the loan amount.
Note: It's always best to get a detailed quote from your lawyer before proceeding with the purchase.
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