If the property is more than RM7.5 million, specify the negotiated rate here. Leave blank if otherwise.
Negotiated Rate: %
| _____________________________________________________________________________________________________________________ The calculation method for a standard Sale & Purchase Agreement (SPA) is based on the scale fees of the solicitors' remuneration order 2005: | ||||
| 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 | 0.70% | |||
| For the next RM2,000,000 | 0.60% | |||
| For the next RM2,000,000 | 0.50% | |||
| For the next RM2,500,000 | 0.40% | |||
| Where the consideration or adjudicated value is in excess of RM7.5 million | Negotiable on the excess (but shall not exceed 0.4% of such excess) | |||
| For example: | ||||
| If the property price is RM500,000: | ||||
| First RM150,000 @ 1% | RM1,500 | |||
| Next RM350,000 @ 0.7% | RM2,450 | |||
| Total SPA Legal Fee | RM3,950 | |||
| If the property price is RM8 million, the rate above RM7.5 million is negotiable between the law firm and the client. | ||||
| Considering the negotiated rate is 0.2%: | ||||
| First RM150,000 @ 1% | RM1,500 | |||
| Next RM850,000 @ 0.7% | RM5,950 | |||
| Next RM2,000,000 @ 0.6% | RM12,000 | |||
| Next RM2,000,000 @ 0.5% | RM10,000 | |||
| Next RM2,500,000 @ 0.4% | RM10,000 | |||
| Next RM500,000 @ 0.2% (negotiated rate) | RM1,000 | |||
| Total Legal Fee | RM40,450 | |||
