Engage with Chambers of Koon, your trusted law firm in Kuala Lumpur, for assistance regarding conveyancing and property ownership transfer.
INTRODUCTION
Our team consisting of professional lawyer are experienced in the terms of conveyancing, providing the needed guidance during property ownership transfer between two parties.
OUR EXPERTISE
Explore what is involved in conveyancing. These are some of the guidance that will be provided by our team of professional lawyers.
Drafting and Reviewing the Sale and Purchase Agreement (SPA)
The SPA is the most critical legal document in any property transaction. Our lawyers are experienced in drafting, reviewing, and negotiating SPA terms to protect your interests and clearly define the conditions for a smooth transfer of ownership.
Conducting Due Diligence and Title Searches
Before a transaction is finalized, we conduct a comprehensive title search at the Land Office or Land Registry. This process confirms that the seller has legal ownership, verifies property details, and identifies any issues such as existing charges or caveats. Conducting this check helps prevent future legal complications for the buyer.
Handling Loan Documentation
For most property purchases, a loan is involved. Our conveyancing lawyers prepare and review the bank’s loan documentation to ensure the terms are aligned with your understanding and that the property is properly charged to the bank as security. We also handle the redemption of any existing charges registered under the seller’s name.
Stamp Duty Adjudication, Payment, and Registration of Transfer
We manage the assessment and payment of stamp duty, submission of relevant forms to the Inland Revenue Board (LHDN) for stamping, and the registration of ownership transfer at the Land Office or Land Registry. This final step completes the legal process by registering the title in the buyer’s name.
WHY CHOOSE US
While our focus for conveyancing are in Kuala Lumpur, we extend our service to Selangor and Ipoh, where you can put your trust on us for a tailored solutions and a smooth experience for all clients.
Our attorneys have worked at large law firms. We capitalize on our large law firm to provide the highest level of service to our clients.
We offer big-firm quality without big-firm fees. By leveraging technology and keeping overhead low, we pass the savings onto you.
We combine legal expertise with practical, business-driven strategies to achieve your goals efficiently and creatively.
We move at the speed of business. Our nimble team ensures personalized attention, quick turnarounds, and results that exceed expectations.
FAQ
1. What is conveyancing, and why do I need a lawyer for it?
Conveyancing is the legal and administrative process of transferring property ownership from the seller to the buyer. While it is technically possible to manage the paperwork yourself, engaging a conveyancing lawyer is highly recommended. We ensure that all legal requirements are met, perform due diligence to protect your interests, and manage the complex documentation and filings with relevant government authorities. This helps ensure a smooth, secure, and legally valid transfer of property title.
2. How long does the conveyancing process take in Malaysia?
The duration of the conveyancing process in Malaysia depends on the type of property and whether financing is involved.
- For a cash purchase of a sub-sale property, the process typically takes 3 to 4 months.
- If the purchase involves a housing loan, the standard timeframe is typically 3 months from the date of the Sale and Purchase Agreement (SPA) for full payment of the balance purchase price, with a possible 1 month extension subject to interest.
- For new properties without individual titles (still under a master title), the process can take longer, as it depends on the developer's timeline and the issuance of separate titles.
Working with a conveyancing lawyer helps ensure that timelines are met and any delays are properly managed.
3. Do I need a lawyer for my bank loan?
Yes, legal representation is required when securing a property loan in Malaysia. The same conveyancing lawyer handling your Sale and Purchase Agreement (SPA) can also be appointed to manage your loan documentation. This includes drafting and reviewing the loan agreement, charge documents, and other related security documents required by the bank.
Your lawyer ensures that all documents are legally sound, protects your interests, and arranges for the bank’s charge to be properly registered on the property title once the transfer is completed.
4. What is a Sale and Purchase Agreement (SPA)?
The Sale and Purchase Agreement (SPA) is the most important legal document in a property transaction. It is a binding contract between the seller and buyer that sets out all the terms and conditions of the sale. This includes the purchase price, payment schedule, handover date, and the rights and obligations of both parties.
Your conveyancing lawyer will draft or review the SPA to ensure that your interests are fully protected and that the agreement complies with all legal requirements for a valid and enforceable property transaction.
Engage with Malaysia’s trusted law firm to get help with conveyancing in Kuala Lumpur (KL), Petaling Jaya and Ipoh.