Solicitors Remuneration Order 2005

About the Solicitors Remuneration Order 2005

The Solicitors Remuneration Order 2005 is the guideline passed by the Bar Council to regulate the legal fees for conveyancing matters. Conveyancing basically covers non-litigation (non-court) work that includes sale and purchase agreements, tenancy agreements, lease agreements, transfers, loans, assignments, and so on and so forth.

 

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About the SRO 2005 Schedules

  1. The First Schedule is generally for sales, purchases, and conveyances involving immoveable properties (houses, land, etc.)
  2. The Second Schedule covers the remuneration of solicitors for rental agreements, tenancies, and leases.
  3. The Third Schedule covers the remuneration of solicitors who handle and complete agreements for charges, mortgages, financing under the Islamic Banking Act 1983, debentures, and other instruments.
  4. The Sixth Schedule covers the remuneration of solicitors who handle conveyances where (a) there was originally no strata title issued, and the solicitor is completing the transaction; or (b) there is no written sale and purchase agreement.
  5. The Sixth Schedule also covers remuneration of solicitors for security transactions where no individual title or strata title was first issued when it was completed.
  6. The Fourth Schedule covers remuneration for Discharge of Charge or Deed of Reassignment.
  7. The Fifth Schedule covers remuneration for preparation, filing, witnessing, of various documents.
  8. The Sixth Schedule covers remuneration for all other non-contentious work where there is no provision provided for remuneration of solicitor by scale or fixed fee.