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 Rental Agreement Fee, Who pay

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mini orchard
post Nov 27 2019, 02:34 PM

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QUOTE(sai2 @ Nov 27 2019, 01:48 PM)
I going to rent an apartment but the agent ask me to pay for the Rental Agreement Fee.
I tot only the owner pay, i no need to pay right ?
Usually how much is Rental Agreement Fee ?
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In a tenancy, all charges and stamp duty are borned by the tenant ... same procedure as buying a property.

TA fees is about RM300 to RM500 depending on monthly rental excluding stamping fees if is done by 'illegal' lawyer aka the agent. If you ask a lawyer to prepare the TA, is 1 month's rental excluding stamping and misc charges.

So as tenant, you call the shot. I dont have to say which person to do, right?

This post has been edited by mini orchard: Nov 27 2019, 02:40 PM
mini orchard
post Nov 27 2019, 03:00 PM

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QUOTE(sai2 @ Nov 27 2019, 02:51 PM)
Since it is the landlord who is making money, so why the tenant have to pay ? So this money goes to whose pocket ?
I am tenant, can i do it by myself and what is the DIY true cost ?
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The landlord dont collect any money from TA. Is a service provided by the agent to facilitate the transaction. But ...

If you know how to draft the TA, then you dont have to pay.

If you can drive to the landlord's place to sign the agreement, then you dont have to pay.

If you can take time off to drive to lhdn to have the TA stamped, you dont have to pay.

If you can drive to the landlord's place to handover the TA after stamping, then you dont have to pay.

If you know how to do everything, you dont have to pay.

True cost ..
Paper, printing and binding cost
Petrol and parking
Time
Stamping fee

It is good experience if you want to learn.

This post has been edited by mini orchard: Nov 27 2019, 03:08 PM
mini orchard
post Nov 27 2019, 05:17 PM

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QUOTE(sai2 @ Nov 27 2019, 04:47 PM)
Sound like an agent, receive 1 month commission from landlord and still want more ....
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You cannot know a person profession from sound of keyboard.

I cannot sound like a lawyer meh?

In life, I never fight with money. If I want to save money, then diy. Otherwise pay to get service.

So you need the templates ... 1 time payment, use lifetime? Good for people forever rent property. Save alot. Then I can tarpau my legal office. Oops just told you my profession from the sound of keyboard !

Lawyers earn 2 type of fees from a purchaser. Snp legal fees and Loan Agreement legal fees. If using your logic, since he oredi earn the snp fees, then he should NOT charge loan agreement fees. Correct? Greedy ?

This post has been edited by mini orchard: Nov 27 2019, 05:43 PM
mini orchard
post Nov 27 2019, 06:38 PM

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QUOTE(sai2 @ Nov 27 2019, 02:51 PM)
Since it is the landlord who is making money, so why the tenant have to pay ? So this money goes to whose pocket ?
I am tenant, can i do it by myself and what is the DIY true cost ?
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Since it is the seller who is making money, so why the purchaser have to pay? So this money goes to whose pocket?
mini orchard
post Nov 28 2019, 07:13 AM

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QUOTE(vckc @ Nov 28 2019, 12:14 AM)
Its just how things are done. If you want you can draft your own, as long as the owner agrees to it. However its part of the market practice and method for agents to make a living.
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Some people have very poor understanding on how things are done in the market place.

Paying for one and expect combo services.

Like this ..

https://forum.lowyat.net/topic/4868557

This post has been edited by mini orchard: Nov 28 2019, 07:31 AM

 

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