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    Legal Fees For Sale & Purchase Agreement

    Uploaded by

    Bryan Abd Aziz
    This document outlines an agreement where the developer will bear the legal fees for preparing the sale and purchase agreement (SPA) as a goodwill gesture for the purchaser signing the SPA. The legal fees will cover the preparation of the SPA and related documents. The purchaser is still responsible for stamp duty charges, registration fees, and legal fees related to any loan documentation. The purchaser must sign the SPA within the stipulated time, pay the initial 10% deposit on time, not breach the SPA terms, and fulfill their obligations.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Legal Fees For Sale & Purchase Agreement

    Uploaded by

    Bryan Abd Aziz
    431 views2 pages
    This document outlines an agreement where the developer will bear the legal fees for preparing the sale and purchase agreement (SPA) as a goodwill gesture for the purchaser signing the SPA. The legal fees will cover the preparation of the SPA and related documents. The purchaser is still responsible for stamp duty charges, registration fees, and legal fees related to any loan documentation. The purchaser must sign the SPA within the stipulated time, pay the initial 10% deposit on time, not breach the SPA terms, and fulfill their obligations.

    Original Title

    LEGAL FEES FOR SALE & PURCHASE AGREEMENT

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    This document outlines an agreement where the developer will bear the legal fees for preparing the sale and purchase agreement (SPA) as a goodwill gesture for the purchaser signing the SPA. The legal fees will cover the preparation of the SPA and related documents. The purchaser is still responsible for stamp duty charges, registration fees, and legal fees related to any loan documentation. The purchaser must sign the SPA within the stipulated time, pay the initial 10% deposit on time, not breach the SPA terms, and fulfill their obligations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    431 views2 pages

    Legal Fees For Sale & Purchase Agreement

    Uploaded by

    Bryan Abd Aziz
    This document outlines an agreement where the developer will bear the legal fees for preparing the sale and purchase agreement (SPA) as a goodwill gesture for the purchaser signing the SPA. The legal fees will cover the preparation of the SPA and related documents. The purchaser is still responsible for stamp duty charges, registration fees, and legal fees related to any loan documentation. The purchaser must sign the SPA within the stipulated time, pay the initial 10% deposit on time, not breach the SPA terms, and fulfill their obligations.

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    © All Rights Reserved
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    Our Ref :

    Date :

    Purchaser’s Name
    Address

    Dear Sir / Madam,

    RE: LEGAL FEES FOR SALE & PURCHASE AGREEMENT


    Project :
    Property :
    Purchase Price :

    In consideration of your purchase of the PR1MA Home and for signing the Sale and
    Purchase Agreement (“SPA”) with us, as a gesture of goodwill we are pleased to inform that
    we shall bear the legal fees for preparation of the SPA from our appointed solicitor(s).

    For clarity the said fee shall also include all other disbursement charges (land search,
    bankruptcy search, printing, travelling, courier/ postage, telephone and fax), taxes and all
    other miscellaneous charges except for stamp duty charges (if any) and registration charges
    for transfer by the land office which shall be borne by the purchasers.

    Kindly note that the said legal fees is strictly for preparation of the SPA and Memorandum
    of Transfer (for landed property) / Deed of Assignment (for stratified property) and do not
    include the legal fees in respect of the loan documentations for the above Property. In that
    respect:

    1. You must execute the SPA for the Property prepared by our appointed solicitor(s)
    within the time stipulated in the Offer to Purchase;

    2. You must pay the first 10% of the Purchase Price or any differential sum for the
    Property, if applicable, within the time stipulated in the Offer to Purchase;

    3. You must not be in breach of any of the terms and conditions of the SPA and you
    must complete and fulfill all your obligations under the SPA;

    4. Nothing herein shall in any way vary or amend the terms and conditions of the SPA;
    and
    5. In the event of any ambiguity, uncertainty or dispute that may arise in respect of any
    of the provisions herein or in any matter in connection with the legal fees for the
    SPA, we shall have the sole and absolute discretion to decide on all such ambiguity,
    uncertainty or dispute and our decision shall prevail and be binding on all parties.

    Kindly acknowledge receipt of this letter and its enclosure.

    Thank you.

    Yours faithfully,
    For and on behalf of PR1MA CORPORATION MALAYSIA

    (This is a computer-generated notice and therefore no signature is required)

    _______________________________________________________________________

    ACKNOWLEDGEMENT AND ACCEPTANCE

    RE: LEGAL FEES FOR SALE & PURCHASE AGREEMENT


    Project :
    Property :
    Purchase Price :

    I/We, the abovenamed Purchaser(s) of the above Property hereby irrevocably agree and
    accept the above terms and conditions as provided herein.

    …………………………………………………… ..……………………………………………….
    Name : Name :
    NRIC No. : NRIC No. :
    Date : Date :

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