| 15/01/2007 |
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The economy is the broad
framework within which the property market functions and they
are broadly correlated. Any pursuit of insight into the Klang
Valley property market can only be had when placed within
the context within the overall performance of the economy. |
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An annual
fee based on :
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5.0%
of the gross annual rent on the first RM30,000
3.0% of the gross annual rent on the residue
up to RM 100,000
2.0% of the gross annual rent on the residue
over RM 100,000 |
The fee is applicable
to each holding. The expression ‘holding’
as used here has the same meaning as defined in
Section 2 of the Local Government Act 1976.
The expression ‘gross annual rent means the
rents reserved or deemed to be reserved by the lease
or lettings plus any incidental receipts collected
accounted for or both in the course of management.
Minimum fee :
As above but may be subject to a maximum discount
of 30% and a minimum fee of RM50 per month.
ADDITIONAL CLAIMS
In addition to the above, claims may be made for-
(a) the cost of printing, plans, copies of documents,
lithography travelling and other expenses actually
incurred;
(b) a fee of RM 150 per hour or RM 800 per working
day of 8 hours for negotiations, attendance at meetings
with solicitors, consultants or authorities;
(c) a fee of RM 200 per hour or RM 1000 per working
day of 8 hours for giving evidence before judicial
bodies.
Note :
The fees
stated in items (b) and (c) are chargeable for actual
appearance at meetings or before judicial bodies.
In the case of postponements, adjournments, etc.
(where less than 24 hours notice is given), a minimum
fee of RM 400 is chargeable if the meeting or judicial
appearance is in the same town/city as the location
of the practice and a minimum of RM 800 is chargeable
if the meeting or judicial appearance is outside
the location of the practice. |
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