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Reduced Scale of Legal Fees PDF Print E-mail
Saturday, 19 December 1998 12:00am

The Bar Council is pleased to announce that for the duration of the Home-ownership campaign the following reduced scale of legal fees will be charged by lawyers for property transactions covered by the campaign. 

Sale & Purchase Agreement   

Value of Property

Fee

Up to RM30,000

RM120 (flat)

RM30,001 -RM250,00

scale fee or RM500 whichever is lesser

RM250,001- RM500,00

RM1,000 (flat)

RM500,001 – RM1,000,000

RM1,500 (flat)

Exceeds RM1,000,000

RM2,000 (flat)

Loan Agreement 
 

Up to RM 30,000

RM   120 (flat)

RM 30,001 – RM  250,000

scale fee or RM500 whichever is lesser

RM250,001 – RM  500,000

RM1,000 (flat)

RM500,001 – RM1,000,000

RM1,500 (flat)

Exceeds RM1,000,000

RM2,000 (flat)

The above schedule of reduced legal fees was agreed to jointly by the Bar Council and Bank Negara, and was approved on December 18, 1998 by the Solicitors’ Cost Committee appointed by the Chief Justice under the Legal Profession Act. 

However, the Bar Council reiterates that under Bar Council Conveyancing  Practice Ruling No. 3, a solicitor is not to represent their services at promotional sites and booking offices where units are sold or offered for sale. 

Dated: 19 December 1998 

Dato’ Dr. Cyrus V Das 
President 
Malaysian Bar 

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