Transfer ownership of strata titles

I'm pretty sure few owners had done the transfer. But nevertheless, few owners still in the process of getting the right lawyer to do the job. As stated in the letter by developer dated 15 July 2011, we're supposed to execute the transfer within 12 months.

So, just for a quick references, following are some info I gathered about the process.

What is transfer ownership of strata title?

(1) Any original proprietor or any person or body appointed by a court of competent jurisdiction shall execute the transfer of strata titles to the parcel proprietors within twelve months from the date of issue of strata titles by the Land Administrator or any extended period approved by the Director upon the opening of the strata register.

(2) Any purchaser shall execute complete documents of transfer of strata titles within twelve months or any extended period approved by the Director from the date of notice of transfer of strata titles issued by the original proprietor or from the date of purchase of the parcel, whichever is the later.

(3) Any original proprietor or any person or body appointed by a court of competent jurisdiction or any purchaser who fails to comply with subsection (1) or (2) shall be guilty of an offence and shall, on conviction, be liable to a fine of not less than one thousand ringgit and not more than ten thousand ringgit per parcel.

What are the documents that you must provide to your lawyer?

• Copies of all present and previous Sale & Purchase Agreements (if you are not the first purchaser, to show proof that you are the last buyer in the chain).
• Copies of present and previous Loan Agreement, Deed of Assignment, Deed of Receipt and Re-assignment (if any). 
• Strata Title (from the developer)
• Current year quit rent receipt.
• Current year assessment receipt.

How much to pay for the transfer? 

Basically 2 main cost involved which are the legal fee and stamp duty. So far, based on
priced quoted is around RM7k-RM8k.

I'm thinking we could form a group purchase so that we could obtain more competitive fee charged by lawyers. If you've choosen any particular law firm or you're personally know or worked as lawyer, feel free to contact me.

So, owners, please send in your contact if you plan to join in this group before 19 February 2012. At the moment, time is essense, as for execution it took around 3-4 months.

Hopefully we can get it done before the due date this July 2012.