The
new scale of fees prescribed by the
Solicitors Remunerations Order, 2006 is
applicable with effect from 1 January, 2006.
The following scale applies to both the sale
and purchase agreement as well as the loan
document.
| Consideration or Adjudicated Value |
Scale of Fees |
| First RM150,000.00 |
1.0% (subject to a minimum of RM300.00) |
| Next RM850,000.00 |
0.7% |
| Next RM2,000,000.00 |
0.6% |
| Next RM2,000,000.00 |
0.5% |
| Next RM2,500,000.00 |
0.4% |
| In excess of RM7,500,000.00 |
Negotiable on the excess (but shall not exceed
0.4% of such excess) |
Notwithstanding the above rates, in the case of any
transaction governed by the Housing
Development (Control and Licensing) Act 1966
[Act 118] or any subsidiary
legislation made under that Act, the scale
of fees shall be:-
| (a) | RM250.00
if the consideration is RM45,000.00 or below; |
| (b) | 75% of the applicable scale fee specified, if the consideration is in excess of RM45,000.00 but not more than RM100,000.00; |
| (c) | 70% of the applicable scale fee specified, if the consideration is in excess of RM100,000.00 but not more than RM500,000.00; or |
| (d) | 65% of the applicable scale fee specified, if the consideration is in excess of RM500,000.00 |
In
addition to the above legal fee, the fee for
each of the subsidiary or other instruments
prepared in relation to the transaction
shall be 10% of the applicable scale fee,
subject to a minimum fee of RM200.00 and a
maximum fee of RM1,000.00 for each subsidiary
or other instruments.
|
