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Legal Documentation |
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Legal
documentation is a documentation process that states some contractual
relationship or grants some right of both purchaser and seller in a
property transaction. There will be fees incurred for the process.
The legal
fee calculation for a standard Sale & Purchase Agreement is based on
solicitors' remuneration order 2005. The scale fees are as follow:
|
Consideration or Adjudicated Value |
Scale of Fees |
| For
the first RM150,000 |
1.0% (subject to a minimum fee of
RM300) |
| For
the next RM850,000 |
0.7% |
| For
the next RM2,000,000 |
0.6% |
| For
the next RM2,000,000 |
0.5% |
| For
the next RM2,500,000 |
0.4% |
|
Where the consideration or adjudicated value is in excess of RM7,500,000 |
Negotiable on the excess
(but shall not exceed 0.4% of such excess) |
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Example:
If the property price is
RM550,000, the calculation is:
First RM150,000 @ 1.00% =
RM1500.00
Next RM400,000 @ 0.70% =
RM2800.00
Total legal fee for
Sale & Purchase
Agreement : RM4300.00
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