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 Rental Agreement., Who should pay, and how much ??

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TSmindkiller6610
post Nov 3 2009, 09:05 PM, updated 17y ago

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Hi,

I am about to rent a condo unit, the rental is RM1250, the period of agreement is 1year.

Now the property agent told me that I have to pay RM300 for rental agreement.

Is this usual amount ? or should the landlord bear the fees too ? or is it 50% 50% ?

Please advise. notworthy.gif notworthy.gif
brutus
post Nov 4 2009, 07:23 AM

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rental agreement is borne by rentee and rate is a quarter of the monthly rental.
tgrrr
post Nov 4 2009, 10:47 AM

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QUOTE(mindkiller6610 @ Nov 3 2009, 09:05 PM)
Hi,

I am about to rent a condo unit, the rental is RM1250, the period of agreement is 1year.

Now the property agent told me that I have to pay RM300 for rental agreement.

Is this usual amount ? or should the landlord bear the fees too ? or is it 50% 50% ?

Please advise. notworthy.gif  notworthy.gif
*
Not sure about the rentee part, but usually property agent charges owner a service fee of ~1 month rental fee for successfully renting out the unit.
n73me
post Nov 4 2009, 11:31 AM

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this topic has been mentioned a lot of times, do a search and you will find the answer
Chester
post Nov 4 2009, 03:07 PM

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I rented twice(both as student), the agreement is paid by landlord. Infact, i understand it was pretty cheap.

Come tothink of it,i think no need agreement also ok. Just ask that fella to writewhatever he want into the deposit receipt, shud be good enough?
brutus
post Nov 4 2009, 04:30 PM

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for small amounts, usually no issue. and usually when renting rooms, the landlord could be just staying in there as well, so no need tenancy agreement also can but for proper documentations, it is needed.
as they always said, not afraid of 10,000 but be very afraid of 10,001.

 

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