Thursday, October 14, 2010

Legal Fees

1) Sale & Purchase Agreement Fees
S&P is a written contract signed between the buyer and seller stating amongst others, the terms and conditions under which a property will be sold.

Purchase Price (RM)
Tiered Rate
(Based on Purchase Price)
First 150,000
1.0%
Next 850,000
0.7%
Next 2,000,000
0.6%
Next 2,000,000
0.5%
Next 2,500,000
0.4%
Exceed 7,500,000
0.3% (Negotiable)

2) Memorandum Of Transfer (MOT)
MOT is payable upon transfer of title from vendor / developer to purchaser

Purchase Price (RM)

Tiered Rate
(Based on Purchase Price)

First 100,000
1.0%
Next 400,000
2.0%
Exceed 500,000
3.0%


3) Legal Fees
A loan facility agreement is a contract entered into between which regulates the terms of a loan.

Purchase Price (RM)

Tiered Rate
(Based on Loan Amount)

First 150,000
1.0%
Next 850,000
0.7%
Next 2,000,000
0.6%
Next 2,000,000
0.5%
Next 2,500,000
0.4%
Exceed 7,500,000
0.3% (Negotiable)

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