Professional Documents
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Fourth Schedule [Paragraph 2(d)]
*Page332ofLPA
DeedofReassignment
Firstproperty RM300.
Eachadditionalpropertyinthesamedeed RM50/
IftheDeedofReassignmentincludesaRevocationofPowerofAttorney,anadditionalfeeof
RM100/shallbepayabletothesolicitor.
2.InacasewhereaDischargeofchargeoradeedofreassignmentis
(a) prepared by the financier's/chargee's solicitor and the signature of the attorney for
the financier/chargee is attested by the said solicitor, and the instrument is thereafter
forwarded to the borrower's/chargor's solicitor to complete the transaction, the
remuneration of the financier's/chargee's solicitor and of the borrower's/chargor's
solicitor shall each be 50% of the applicable scale fee in this Schedule; or
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Fifth Schedule [Paragraph 2(e)]
*Page333ofLPA
(f) ApplicationtoStateAuthority/Statutory
Bodyfor consent to
transfer/lease/charge
(i) for properties where the RM200/perapplication
considerationortheloansum,asthecase
maybe,isRM45,000/orbelow
(ii) for properties where the RM300/peraplication
considerationortheloansum,asthecase
maybe,isinexcessofRM45,000/
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Rules under the Fifth Schedule
*Page334
1.Asolicitorisnotentitledtowitnessingorattestationfee
a)inacasewherehehasprepared,settledorapprovedthedocumentconcernedandheisbeing
remuneratedaccordingtothisOrder;or
(b)inacasewhereheactsforonepartyinatransactionandwitnessesoratteststhesignatureof
anotherpartyforwhomheisnotacting.
2. If the witnessing or attesting solicitor is asked to explain or advise on the contents of any
documentnotpreparedbyhim,heshallbeentitledtoremunerationinaccordancewithrule1ofthe
SixthSchedule.
SuitbyAbdulRazakbinHashimvBarMalaysia
AnybreachoftheSROwillamounttoamisconductforwhichdisciplinaryactionmayfollow.
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Tutorial Questions
Question3(HidayasGroup)
GLHboughtapropertyLot123HSD456,DaerahMelakaTengahfromORPforRM850,000/
ORPhadchargedthepropertytoChargeeBank.ThereisanoutstandingsumofRM250,000/.GLH
hasobtainedahousingloanofRM765,000/fromPopularBankBhd.(PBB).Alllegalfeesareto
bebornebyGLH.ORPisnotrepresented.
YouarerequiredtopreparetheBillsforyourprofessionalchargesanddisbursementsfor:
a. thetransfer
b. discharge
c. charge
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a)SimpleformulaForanypropertyworthRM150000/t0RM1mthefollowingsimpleformula
maybeusedforcomputingthescalefee:
legal fee = price x 0.7% +RM450/ |1,500 x 0.7 = 1,050. 1,500 1050 = 450|
100
Disbursement
a)Titlesearch RMxx RMxx
b) Bankruptcy and RMxx RMxx
windingupsearch
c) Registration fee RMxx RMxx
for entry of private
caveat RMxx RMxx
d) Registration fee
for withdrawal of
privatecaveat RMxx RMxx
e) Stamp duty on
SPA(5sets) RMxx RMxx
f) Stamp duty on RMxx RMxx
MOT RMxx RMxx
g)BorangI
h)Miscellaneous
RMxx
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b)Discharge
Disbursement
a) Stamping of RMxx RMxx
dischargeofcharge
b) Registration fees RMxx RMxx
for discharge of
charge RM50 RM50
c)Miscellaneous
RMxx
c)Charge
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Question 5 (Tutorial 7)
Based on the facts in Q.3, calculate the legal fees for costs and disbursement under an Islamic
Financing Loan, (i) with title, (ii) without title.
Based on 3rd & 4th schedule of Solicitors Remuneration Order 2005
Islamic Loan:
PPA: RM765,000 x 0.7% + 450= RM5805
PSA: RM5805 x 10% = RM580.50
Charge / Deed of Assignment = RM5805 x 10% = RM 580.50
Discharge and Deed of Receipt and Reassignments = RM300
Developer statutory discount: 35% of 5805 = RM2031.75
RM5805 2031.75= RM 3773.25
Disbursement:
1. Stamping on
Property Sale Agreement RMxx
Property Purchase Agreement RMxx
Charge/Annexure RMxx
3 copies of PSA RMxx
2. Search(es) Land Search
Official Assignee RMxx
Registration fee charge/annexure RMxx
Entry private caveat RMxx
Withdrawal private caveat RMxx
3. Affirmation of Statutory Declaration RMxx
4. Purchase Agreement RMxx
5. Miscellaneous RMxx
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