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 Tenancy agreement questions

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shaniandras2787
post Jan 16 2016, 12:03 AM

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QUOTE(reehdus @ Jan 15 2016, 07:33 PM)
Hi all,

I'm recently renting an apartment from a property owner here in Penang, and I went through an agent to get the property. Would just like to ask regarding a few fees which I had some doubts. For the agreement stamping fee (~rm100+) and agent fee (~5% of rent + GST), is it normal for tenant to have to pay these? I thought it was borne by the landlord?
*
There is a formula to calculate the stamping fees for the tenancy agreement.

[Monthly Rental x 12 - 2400]
________________________
250


shaniandras2787
post Jan 18 2016, 10:22 AM

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QUOTE(il0ve51 @ Jan 16 2016, 12:07 AM)
why must minus 2400? how to get 250?
*
the RM2,400.00 is the sum exempted from stamp duty per annum.

the RM250.00 is the sum where stamp duty is chargeable.

 

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