The SRO 2023 has been gazetted on 12 July 2023, which comes into operation on 15 July 2023. The legal fees have been revised and the SRO 2005 has been revoked. Hence, the comparison between SRO 2005 and SRO 2023 is listed below to highlight the amendments of legal fees.
FIRST SCHEDULE – PROFESSIONAL FEES FOR SALE AND TRANSFER
SECOND SCHEDULE – PROFESSIONAL FEES FOR LEASE AND TENANCY
THIRD SCHEDULE – PROFESSIONAL FEES FOR CHARGES, DEBENTURES AND OTHER SECURITY OR FINANCING DOCUMENTS
FOURTH SCHEDULE – PROFESSIONAL FEES FOR DISCHARGE OF CHARGE AND DEED OF REASSIGNMENT
FIFTH SCHEDULE – PROFESSIONAL FEES FOR PREPARING, FILING OR WITNESSING MISCELLANEOUS DOCUMENTS
This article is intended to be informative and not intended to be nor should be relied upon as a substitute for legal or any other professional advice.
About the author
Wong Kuai Yi
Banking & Finance, Real Estate, Employment Law
Halim Hong & Quek