KJ Law Fixed Fees Schedule
Lawyers of Hamilton Limited trading as KJ LAW - Letter of Engagement
Thank you for approaching us in this matter. We will be pleased to act for you.
a) We enclose some material, which sets out: Information for clients that lawyers are required by the New Zealand Law Society to provide; and
b) Our standard terms of engagement.
1. Services to be provided
(Refer below schedule showing what is included in the fee/s below) The following is a summary of the legal services we expect to be providing to you:
| PURCHASE | Our fee including GST – registering one mortgage | $1,027.00 |
| Plus costs for search and registration fee of $173.00 | $1,200.00 | |
| PURCHASE | Our fee including GST – no mortgage | $930.00 |
| plus costs for searches, registration and agency fee $120.00 | $1,050.00 | |
| SALE | Our fee including GST – discharging one mortgage | $965.00 |
| plus costs for searches, registration and agency of $85.00 | $1,050.00 | |
| SALE | Our fee including GST – no mortgage | $940.00 |
| plus costs for searches and agency $10.00 | $950.00 | |
| REFINANCE | Our fee including GST – one discharge/new mortgage | $680.00 |
| plus costs for searches and registration fees of $170.00 | $850.00 | |
| VARIATION OF MORTAGE | Our fee including GST – excludes any Bank Consents | $360.00 |
| plus costs for searches and registration fees of $90.00 | $450.00 | |
| Propel-lclender (Kiwibank) document retrieval | $20.00 |
Note: Purchases or sales with a purchase price of $1,500,000.00 or more (whether commercial or residential in nature) will have extra costs attached due to liability issues.
Extra costs of $500 + GST will be charged for every $500,000.00, or part thereof, of price above (and including) $1,500,000.00. For example, if the price is $1,700,000.00 – then the costs would be $1,080.00 (as above) + $500.00. If the price was $2,100,000.00 then the costs would be $1,080.00 + $500 + $500 + GST.
The above costs include the standard disbursement in relation to that transaction. At the time of invoicing, those disbursements will be listed as it relates to your transaction.
Any disbursement over and above the standard allowances will be charged separately.
2. Fees
The basis on which our fees will be calculated is as above in 1. plus the following as required:
| DEED OF NOMINATION | $150.00 |
| GUARANTEE | $350.00 |
| MINUTES (Trust/Company purchaser or vendor) | $150.00 |
| EXTRA DISCHARGE OF MORTGAGE or WITHDRAWAL OF CAVEAT (each) | $280.00 |
| REVIEW OF CONTRACT PRIOR TO SIGNING (Time based) – minimum | $250.00 |
| KIWISAVER/HCNZ First Home Buyers requirements each | $200.00 |
| WILL’S starting from $350.00 each (plus GST) | $350.00 |
| POWER OF ATTORNEY (plus GST) from $600.00 (not including independent legal advice for one of the signing parties which may be a requirement) | $700.00 |
| CROSS-LEASE / BODY CORPORATE / BUILDERS REPORT / COMPLEX TITLE REVIEW / LIM REVIEW / RENTAL INVESTIGATIONS (Time and attendance based) – MINIMUM CHARGE (each) | $250.00 |
| BUILDERS REPORT OR BUILDING GUARANTEE ISSUES – Time Based min | $200.00 |
| PRE-SETTLEMENT/INSPECTION ISSUES - Time Based min | $150.00 |
| IRD / LINZ / OIO / AML requirements - $250.00 per person | $250.00 min |
| IRD RLWT requirements/formula’s (if RLWT applies) | $250.00 min |
Our fee (purchase with a mortgage) includes:
- all preliminary advice in relation to the contract
- receiving and perusing the contract
- searching and checking the title
- reporting to you on the terms of the contract and the title
- communication with you to confirmation of the conditions of the contract
- advising the seller’s lawyer of confirmation of the conditions of the contract, or otherwise
- preparing notices of sale for the Local Authority
- searching the personal property securities register to make sure that none of the chattels passing with the property is able to be / likely to be repossessed
- requesting details from the seller’s lawyer of their primary contact and conveyancing professional to enable us to set up an edealing
- receiving the settlement statement from the seller’s lawyers and checking that the apportionments in the settlement statement are correct
- receiving and preparing loan documentation from your bank and attending to the execution
- setting up the dealing to register the transfer of the title and the mortgage
- preparing an authority and instruction form for you to sign, authorising us to transfer the title to you
- receiving the insurance certificate
- forwarding our Solicitors Certificate and loan documentation to the bank
- completing a guaranteed search of the title
- receiving settlement funds from you and/or the bank
- preparing the file for settlement
- completing the registration of the transfer of the property and the mortgage
- reporting to you & to the bank
Note: our fee does not include the cost of building, valuation, or LIM reports, the provision advice on those reports, drafting additional clauses, or negotiations/disputes with the seller.
The cost of extra attendance will be charged on the basis of our time records. Additional fees may also be charged where the purchase is being undertaken by a trust or company.
Our fee (purchase without a mortgage) includes:
- all preliminary advice in relation to the contract
- receiving and perusing the contract
- searching the title
- checking the title
- reporting to you on the terms of the contract and the title
- communication with you to confirmation of the conditions of the contract, or otherwise
- advising the seller’s lawyer of confirmation of the conditions of the contract, or otherwise
- preparing notices of sale for the Local Authority
- searching the personal property securities register to make sure that none of the chattels passing with the property is able to be / likely to be repossessed
- requesting details from the seller’s lawyer of their primary contact and conveyancing professional to enable us to set up an edealing
- receiving the settlement statement from the seller’s lawyers and checking that the apportionments in the settlement statement are correct
- setting up the edealing to register the transfer of the title
- preparing an authority and instruction form for you to sign, authorising us to transfer the title to you 3
- completing a guaranteed search of the title
- receiving settlement funds from you
- preparing the file for settlement
- completing the registration of the transfer of the property
- reporting to you
Note: our fee does not include the cost of building, valuation, or LIM reports, the provision advice on those reports, drafting additional clauses, or negotiations/disputes with the seller.
The cost of extra attendance will be charged on the basis of our time records. Additional fees may also be charged where the purchase is being undertaken by a trust or company.
Our fee (sale with a mortgage) includes:
- all preliminary advice in relation to the contract
- receiving and perusing the contract
- searching the title
- checking the title
- reporting to you on the terms of the contract and the title
- communications from the buyer’s lawyer of confirmation of the conditions of the contract, or otherwise
- communication with you to confirmation of the conditions of the contract
- requesting the discharge of mortgage and settlement figure from your bank
- requesting rating information from the Local Authority
- working out the rates apportionment
- preparing the settlement statement and sending it to the buyer’s lawyer
- receiving and checking the notices of sale
- receiving edealing details and checking the edealing set up by the buyer’s lawyer
- preparing an authority and instruction form for you to sign, authorising us to discharge the mortgage and transfer the title
- receiving the discharge of mortgage authorisation
- preparing the file for settlement
- receiving the mortgage settlement figure
- completing the registration of the discharge of the mortgage and transfer of the property
- paying any outstanding rates to the Local Authority
- repaying the mortgage
- paying proceeds of the sale (less our fee) to your nominated bank account
- sending the notice of sale to the Local Authority
- reporting to you
Note: our fee does not include the cost of building, valuation, or LIM reports, the provision advice on those reports, drafting additional clauses, or negotiations/disputes with the buyer.
The cost of extra attendance will be charged on the basis of our time records. Additional fees may also be charged where the sale is being undertaken by a trust or company.
Our fee (sale without a mortgage) includes:
- all preliminary advice in relation to the contract
- receiving and perusing the contract
- searching the title
- checking the title
- reporting to you on the terms of the contract and the title
- communications from the buyer’s lawyer of confirmation of the conditions of the contract, or otherwise 4
- communication with you to confirmation of the conditions of the contract
- requesting rating information from the Local Authority
- working out the rates apportionment
- preparing the settlement statement and sending it to the buyer’s lawyer
- receiving and checking the notices of sale
- receiving edealing details and checking the edealing set up by the buyer’s lawyer
- preparing an authority and instruction form for you to sign, authorising us to transfer the title
- preparing the file for settlement
- completing the registration of the transfer of the property
- paying any outstanding rates to the Local Authority
- paying proceeds of the sale (less our fee) to your nominated bank account
- sending the notice of sale to the Local Authority
- reporting to you
Note: our fee does not include the cost of building, valuation, or LIM reports, the provision advice on those reports, drafting additional clauses, or negotiations/disputes with the buyer.
The cost of extra attendance will be charged on the basis of our time records. Additional fees may also be charged where the sale is being undertaken by a trust or company
For all other services such as commercial, family law etc, our standard charge out rates are as listed below:
Directors/Partners: $400.00 per hour plus GST
Associates: $350.00 per hour plus GST
Solicitors: $350.00 per hour plus GST
Legal Executives: $300.00 per hour plus GST
We may charge an additional fee if we are required to complete work on an urgent basis.
3. Files
We are obliged to retain your file for up to 10 years. This firm has chosen to retain your file in electronic form. Therefore, your file will be scanned to our online database and retained for a period of 10 years from the date of scanning. At the end of the 10 year period your file will be removed and destroyed from the database.
You are entitled to ring and request a copy of that file at any time. A fee for printing may be charged. Your original document will be destroyed via a document destruction company (shredded for privacy purposes). If you wish to uplift your physical file you must advise us of your wish to do so before your file is complete.
We look forward to working with you on this matter, feel free to contact us or give us a call at (07) 853 2814.
