Estimated Costs for Conveyance Transaction
Disclaimer: These are Statutory Fees according to the Legal Profession (Remuneration for Non-Contentious Business) Rules 1997 and these fees are charged on the basis of the time spent by the Attorney and the responsibility undertaken, which prescribe minimum attorney’s fees for non-contentious matters. These fees represent a sliding scale and we would advise that you consult your Legal Representative to get a quotation of the estimated fees as required.
1) Agreement for the Sale and Purchase of Land
Vendor
For building estates- $250
Other agreements- $400
Purchaser
For building estates- $300
Other agreements- $600
2) Sale and Purchase of Land
For preparing and completing conveyance of unregistered land (excluding conveyances under the Tenantries Freehold Purchase Act)
Vendor
Up to $25000 $750
On the next $75000 2%
On the next $100 000 1.5%
On the next $300 000 1.25%
Thereafter 1%
Registered land two-thirds of the scale above
Purchaser
Up to $25 000 $1000
On the next $75 000 2.5%
On the next $100 000 1.5%
On the next $300 000 1.25%
Thereafter 1%
Registered Land one-third of the scale above
VAT @ 17.5% is to be added to the total.