Solicitors' Remuneration Order 2005

The new Solicitors' Remuneration Order 2005 (SRO 2005) comes into operation on 1 January 2006 replacing SRO 1991.

SRO is a piece of subsidiary legislation that governs the conveyancing transaction fees charge by lawyers.

As a result of new Order, all non-contentious / conveyancing transactions commenced on or after 1 January, 2006 will come under the SRO 2005.

The SRO 2005 also reinforces the no-discount rule and a solicitor shall not act for more than one party in a particular transaction.

The salient update:
1. For Sale and Transfer: First RM150K, the fees are 1% (subjected to a minumum of RM300)
For the next RM850K, the fee is 0.7%.

Example:
Value Old Fees New Fees
100K 1000 1000
150K 1250 1500
200K 1500 1850
300K 2000 2550
400K 2500 3250
500K 3000 3950

2. The minimun scale fee for tenancy agreement and discharge for charge has increased from RM200 (SRO1991) to RM300 (SRO 2005).


從今年1月1日開始，產業買賣的律師費調高100令吉至數百令吉。調漲的律師費僅限於各項涉及房地產買賣的費用。