If you ever need to buy a property, you need a lawyer, and what kind of lawyer, and thats a “conveyancing lawyer”. Its a bit of mouthful but this lawyer is very important ensuring that the transaction of the sales and purchase agreement is done in a proper manner. We have Jesslyn Foong, a Senior Associate with Tan Norizan & Associates to explain all about conveyancing lawyer and how they operate.
Many people dont really know what is a “Conveyancing Lawyer”, can you explain ?
Conveyancing lawyer deals largely with property transactions such as sale and purchase agreement, to bank panels for loan documentations and transfer of properties.
What is the difference between a good conveyancing lawyer and a bad one, what are the well known disputes that has happened in Malaysia ?
Good conveyancing lawyer – responsible, responsive, efficient
Bad – slow response, not attentive and no urgency
Disputes – leakage problem during handover, very high outstanding with management fees
What are the fees for S&P agreements ? Is this standardized ?
Yes it is standardize, govern by the solicitors remuneration (Amendment) Act 2017
For the first RM500,000 – 1.0% (subject to a minimum fee of RM500)
For the next RM500,000 – 0.8%
For the next RM2,000,000 – 0.7%
For the next RM2,000,000 – 0.6%
For the next RM2,500,000 – 0.5%
Where the consideration or adjudicated value is in excess of RM7,500,000 — Negotiable on the excess (but shall not exceed 0.5% of such excess)
What differentiates Tan Norizan & Associates compared to other legal firm ?
Tan Norizan & Associates has been established since 2002, our partners are hands on in the business, we groom lawyers to be responsive and responsible. We have a strong structure and system to control close to 100 employees. We consist of conveyancing and litigation department.
Jesslyn Fong Yung Hui is a Senior Associate with Tan Norizan & Associates. Contact her on Sales and Purchase (S&P) agreement needs at her email [email protected]
Tan Norizan & Associates
A-902, Block A, Penthouse Office Suite, Kelana Square No. 17, Jalan SS 7/26, SS7, 47301 Petaling Jaya, Selangor.
Tel: 03-7610 0170