Legal Fees for Buying Second Hand or Subsale House in Malaysia

EXAMPLE:

Subject Matter: SPA/House Erected on Individual Leasehold Title
Purchase Price: RM420,000

(A) LEGAL FEES:

• To our professional charges in taking your instructions in respect of the said matter, to all attendances, consultations, correspondences and miscellaneous work incidental thereto = RM3,390

(According to the Solicitors’ remuneration Oder 1% of the first RM150,000 and 0.7% of the remaining amount of Purchase Price of RM420,000)

(B) OTHERS:

• Lodgement of Private Caveat & Withdrawal of Private Caveat = RM350
• CKHT 2A (RM200 for each purchaser) = RM200
• 6% Service Tax = RM236.40

(C) DISBURSEMENTS:

• Stamping Fees (RM10 @ four copies Sale and Purchase Agreements) = RM40
• Entry of Private Caveat and Withdrawal of Private Caveat = RM420
• Land Search = RM60
• Bankruptcy Search for Vendor and Purchaser (RM15 per search) = RM30
• Affirmation and Stamping of Statutory declaration (for SD caveat, SD Non Bankruptcy) = RM28
• Traveling (inclusive of trips to and from Shah Alam land office for Land Search, entry of Private Caveat, to and from Shah Alam for Bankruptcy Search, to and from Stamp Office for stamping of documents, etc. and all hand deliveries to and collection from parties to expedite matters) = RM200
• Stationery and Printing Charges = RM120
• Telephone, Facsimile, Courier, Postage = RM150

Grand Total (A + B + C) = RM5,224.40

Please note that the following payments must be prepared by you:-

(D) BANK DRAFT IN FAVOUR OF “PEMUNGUT DUTI SETEM” (COLLECTOR OF STAMP DUTY) FOR THE FULL SUM OF RM7,400

Estimated Stamp Duty for the Memorandum of Transfer (subject to change depending upon valuation by the Stamp Office) estimated figure based on Purchase Price as a guideline
1% of the first RM100,000 = RM1,000
2% of the next RM400,000 = RM6,400
(to the nearest thousand)

(E) ESTIMATED REGISTRATION FEE FOR TRANSFER AT THE LAND OFFICE – BASED ON VALUATION BY STAMP OFFICE IN (A) ABOVE (FOR EVERY THREE MONTHS FROM DATE OF STAMPING) = RM400

(D) + (E) payable upon receipt of Notice of Adjudication by the Purchaser or prior to redemption of Property (if any) (penalty imposed by Stamp Office is settled late), whichever is earlier