PART A: SPA Lawyer Fees & Loan Facility Agreement Legal Fees
Sales & Purchase Agreement (SPA)
1. Lawyer fee for Sales and Purchase Agreement (calculated based on the SPA Property Price):
- For the first RM 150,000, the legal fees payable is 1%
- For the next RM 850,000, the legal fees payable is 0.7%
- For the next RM 2,000,000, the legal fees payable is 0.6%
- For the next RM 2,000,000, the legal fees payable is 0.5%
- For the next RM 2,500,000, the legal fees payable is 0.4%
- For the remaining, if any, negotiable
2. Miscellaneous fee for preparation of Sales and Purchase Agreement = at least a few hundreds
3. 6% government tax on total lawyer fee for Sales and Purchase Agreement
4. Stamp Duty of Sales and Purchase Agreement (calculated based on SPA property price):
First RM100k = 1%
Subsequent up to RM500k = 2%
Subsequently onwards = 3%
Loan Facility Agreement
5. Lawyer fee for Loan Facility Agreement (calculated based on mortgaged amount):
- For the first RM 150,000, the legal fees payable is 1%
- For the next RM 850,000, the legal fees payable is 0.7%
- For the next RM 2,000,000, the legal fees payable is 0.6%
- For the next RM 2,000,000, the legal fees payable is 0.5%
- For the next RM 2,500,000, the legal fees payable is 0.4%
- For the remaining, if any, negotiable
6. Stamp Duty of Loan Facility Agreement (calculated based on mortgaged amount) = 0.5%
7. Miscellaneous fee for preparation of Loan Facility Agreement = at least a few hundreds
8. 6% government tax on total lawyer fee for Loan Facility Agreement
(note: you can include Loan Facility Agreement fees into your bank loan. So you can save your cash for house renovation!)
Others
9. Land/Strata Ownership Title Transfer = at least a few hundreds + 6% government tax on legal fee
10. Stamp Duty of Land/Strata Ownership Title Transfer (calculated based on the property price):
First RM100k = RM1 for every RM100 or fractional part of RM100
Subsequent up to RM500k = RM2 for every RM100 or fractional part of RM100
Above RM500k = RM3 for every RM100 or fractional part of RM100
11. Consent to Charge (for leasehold property) = at least a few hundreds + 6% government tax on legal fee
