Legal Issues

Legal issues are complex procedures of paper work signing. Of course you have to understand every aspect before you put down your signature. There are a few things you should keep in mind:

  • You should make your payment to developers through your own solicitor or lawful owner as he/she will protect your interests.
  • You must read and fully understand the terms and conditions stated in the Sale and Purchase Agreement. Consult your solicitor if you want to amend anything before you sign the Sale and Purchase Agreement.
  • Your solicitor should be fully responsible for the purchase of your house, and do not share the same solicitor with the seller, as a conflict of interest may occur.

Things that your solicitor should get:

  • Photocopies of purchaser’s and seller’s addresses, telephone numbers, and etc for identification.
  • Original copy of Sale and Purchase Agreement.
  • Deed of Assignment.
  • Search on the master title of the house to assure that the seller is the rightful owner.

Solicitor’s Fees: Effective from January 1, 1992, legal fees are standardized by the Solicitors’ Remuneration Order 1991. There are two types of calculation for legal fees:

First Schedule (Sale and Transfer): Solicitor’s fees are determined by value of the house in the Sale and Purchase Agreement.

House Value Buyer Seller
1st RM100,000.00 1% of House Value (Minimum RM200) 1% of House Value (Minimum RM200)
Next RM4.9 million 0.5% of House Value 0.5% of House Value
Thereafter 0.25% of House Value 0.25% of House Value

Fourth Schedule (Charges, Debentures and Security Loan Documents)

Solicitor’s fees are determined by the loan amount for the above documentation.

Loan Amount Legal Fees to buyer
1st RM100,000.00 1% of the Loan Amount (Minimum RM200 per transaction)
Next RM4.9 million 0.5% of Loan Amount
Thereafter 0.25% of Loan Amount

** Fees subject to 5% government tax.

Stamp Duty

There are two types of Stamp Duties:

1) Stamp Duty on Loan Amount

Loan Amount (RM’000) 50 100 150 200 250 300
Stamp Duty (RM) 250 500 750 1000 1250 1500

2) Progressive Present Stamp Duty on Transfer of House Title

House Value Stamp Duty Payable
1st RM100,000 1%
Next RM400,000 2%
Next RM1.5 million 3%
Thereafter -

Our List of Appointed Solicitor’s

Company name Tel. No Contact Person
Khoo Keat Siew & Co. 04-2620942 S.L. LIM

About Us

CAREY REAL ESTATE, registered with the Board of Valuers, Appraisers & Estate Agents Malaysia, was established in 1983, and is based in the Malaysian capital of Kuala Lumpur. Further to this, we also have branch offices in Ampang-Selangor, Kota Kinabalu-Sabah, and Georgetown-Penang.

  • Renting & Selling Properties
  • Projects Sales on Behalf of Developers
  • Property Consultations
  • Property Legal Consultations

Contact Us

CAREY REAL ESTATE (PG) SDN BHD

29, Lebuh Melaka,
10400 Georgetown
Penang
Malaysia


(604) 210 6366
(604) 210 6363
CAUTION

You are advised to check with the Registrar of the Board of Valuers, Appraisers and Estate Agents Malaysia, on the credentials of person(s) / company(s) / websites, who solicit fees for the introduction, rent and/or sale of properties, prior to proceeding with any property transactions. Contact Registrar Board of Valuers, Appraisers and Estate Agents Malaysia Tel : +603 - 2288 8815 / E-mail : lppeh@po.jaring.my

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