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 Hi do u give discount to your tenant?

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SUSgsem984
post Mar 25 2020, 11:03 AM, updated 6y ago

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An answer from my friend. Do u think it makes sense?
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Hi boss i checked with my friends who are renting shoplots. Your problem is not uncommon but no landlord is giving discount. The standard practice in this situation is deferment and payback by installment. Example rental 1k in april can defer, but pay 1.2k in the following 5 months. Pls understand rental income is not like other businesses where u can earn less this month but earn more next month to recover the losses. If i give discount that would mean direct instant loss that can never be recovered. This is the reason why banks also dont give discount to loan takers instead only deferment or rescheduling.

mydurian
post Mar 25 2020, 11:18 AM

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Yes.
BeastB
post Mar 25 2020, 12:37 PM

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A lot of tenants (commercial and residential) are going to be calling owners/landlords and asking for discounts/deferments/etc because they know the owners don't have to pay the monthly loan for next 6 months.

Lots of fights and arguments in the next 6 months for sure. Courts will be busy later this year.
imyschong
post Mar 25 2020, 01:13 PM

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dont think owners should give discount to tenant because of this

Loan with bank tenure is 20-35years

Tenancy agreement rent house 1-2years,defer 6months is not logic...
nexona88
post Mar 25 2020, 02:26 PM

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Don't think there's discount..
Even in mall I heard.. only deferments for few months...
Can try luck nego with owner... So good luck boss
marchblade P
post Mar 25 2020, 03:42 PM

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QUOTE(BeastB @ Mar 25 2020, 12:37 PM)
A lot of tenants (commercial and residential) are going to be calling owners/landlords and asking for discounts/deferments/etc because they know the owners don't have to pay the monthly loan for next 6 months.

Lots of fights and arguments in the next 6 months for sure. Courts will be busy later this year.
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There are 2 contracts here each is independent. The tenancy contract is the one referred to, as what is stipulated in the clauses.

The owner loan contract ( and in this case moratorium is effected on) .
My 2 cents!

heavensea
post Mar 25 2020, 03:54 PM

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You can give
But this means you ooneed Pandora box.
So good luck
icemanfx
post Mar 25 2020, 04:11 PM

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Burger King chief executive Alasdair Murdoch has said that the fast food chain will not be paying rent due on its UK restaurants this week.

Hundreds of High Street businesses are set to withhold their quarterly rent payments, which are due on Wednesday, so they can afford to pay their staff.

How many local tenants will follow?

This post has been edited by icemanfx: Mar 25 2020, 04:12 PM
gks
post Mar 25 2020, 04:18 PM

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My opinion is everything remain status quo except if tenant is retrenched and need mutual early termination or some rental discount to tide over this period of time.

Do note this loan installment is deferment, and need to be repaid. It is not free money from BNM.
nexona88
post Mar 25 2020, 04:35 PM

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QUOTE(icemanfx @ Mar 25 2020, 04:11 PM)
Burger King chief executive Alasdair Murdoch has said that the fast food chain will not be paying rent due on its UK restaurants this week.

Hundreds of High Street businesses are set to withhold their quarterly rent payments, which are due on Wednesday, so they can afford to pay their staff.

How many local tenants will follow?
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not gonna happen here in BolehLand devil.gif
icemanfx
post Mar 25 2020, 04:39 PM

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QUOTE(nexona88 @ Mar 25 2020, 04:35 PM)
not gonna happen here in BolehLand  devil.gif
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That depends on who has stronger bargaining power.

This post has been edited by icemanfx: Mar 25 2020, 04:40 PM
nexona88
post Mar 25 2020, 04:41 PM

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QUOTE(icemanfx @ Mar 25 2020, 04:39 PM)
That depends on who has stronger bargaining power.
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depending on the parties involved..
desperate situation needed desperate solution to survive biggrin.gif
kllonely1
post Mar 25 2020, 04:44 PM

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QUOTE(gsem984 @ Mar 25 2020, 11:03 AM)
An answer from my friend. Do u think it makes sense?
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tak,
lu tak suka,
pindah je,
BeastB
post Mar 25 2020, 04:52 PM

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QUOTE(marchblade @ Mar 25 2020, 03:42 PM)
There are 2 contracts here each is independent. The tenancy contract is the one referred to, as what is stipulated in the clauses.

The owner loan contract ( and in this case moratorium is effected on) .
My 2 cents!
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Yes, and? Whats your point? dry.gif
aspartame
post Mar 25 2020, 09:07 PM

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Most landlords are kiam siap.... very calculative... for me, if tenant requests, I bear half the rental ... means they only pay half for duration of lockdown
Zwean
post Mar 25 2020, 09:08 PM

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QUOTE(aspartame @ Mar 25 2020, 09:07 PM)
Most landlords are kiam siap.... very calculative... for me, if tenant requests, I bear half the rental ... means they only pay half for duration of lockdown
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Ya ka, who bear your interest cost? flex.gif
hft
post Mar 25 2020, 09:09 PM

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QUOTE(gsem984 @ Mar 25 2020, 11:03 AM)
An answer from my friend. Do u think it makes sense?
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Yeah, impossible to give blanket discount. Rent rate already give discount.
aspartame
post Mar 25 2020, 09:11 PM

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QUOTE(Zwean @ Mar 25 2020, 09:08 PM)
Ya ka, who bear your interest cost?  flex.gif
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I bear la.. who else? I pity ppl with no income and business dying... hopefully they can pull through ... their survival at stake ...
Zwean
post Mar 25 2020, 09:12 PM

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QUOTE(aspartame @ Mar 25 2020, 09:11 PM)
I bear la.. who else? I pity ppl with no income and business dying... hopefully they can pull through ... their survival at stake ...
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If given the same circumstances but you no income and your business dying. Who can help you pull through? Your survival at stake hmm.gif .
Captain89
post Mar 26 2020, 12:30 AM

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QUOTE(gsem984 @ Mar 25 2020, 11:03 AM)
An answer from my friend. Do u think it makes sense?
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I stand for this too
Captain89
post Mar 26 2020, 12:35 AM

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QUOTE(BeastB @ Mar 25 2020, 12:37 PM)
A lot of tenants (commercial and residential) are going to be calling owners/landlords and asking for discounts/deferments/etc because they know the owners don't have to pay the monthly loan for next 6 months.

Lots of fights and arguments in the next 6 months for sure. Courts will be busy later this year.
*
Already happened since the first day of lockdown. Calls one after another. Lawyers will be laughing
AskarPerang
post Mar 26 2020, 08:23 AM

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shinzen90
post Mar 26 2020, 10:31 AM

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QUOTE(AskarPerang @ Mar 26 2020, 08:23 AM)

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I believe the 2nd post owner who offers FREE rental is someone that does not know Bank still charging him interests.
Or he overcharges the interests for a long time, else he is too rich.

I agree on the 3rd want, RM200 discount, the best solutions.

This post has been edited by shinzen90: Mar 26 2020, 10:32 AM
apalexar
post Mar 26 2020, 10:56 AM

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QUOTE(shinzen90 @ Mar 26 2020, 10:31 AM)
I believe the 2nd post owner who offers FREE rental is someone that does not know Bank still charging him interests.
Or he overcharges the interests for a long time, else he is too rich.

I agree on the 3rd want, RM200 discount, the best solutions.
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Kindness of everyone is different and sometimes it depends on the tenant situation too..
icemanfx
post Mar 26 2020, 11:51 AM

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for non commercial/business tenancy, 50% discount during mco period is fair and appreciated.

for commercial, it will depends on how much the landlord want the tenant to survive and stay. if landlord don't offer discount or waiver and tenant couldn't afford to pay is lppl.

at current market sentiment, most tenants will/should take the opportunity to negotiate for cheaper rental for the rest of tenancy period.

This post has been edited by icemanfx: Mar 26 2020, 11:58 AM
appletan1226 P
post Mar 26 2020, 02:26 PM

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Depend ...., some owner had called tenant volunteer for reduce rent
But lucky me,my owner cash buy, so no negotiation allow...
lwpin728
post Mar 26 2020, 06:16 PM

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QUOTE(icemanfx @ Mar 26 2020, 11:51 AM)
for non commercial/business tenancy, 50% discount during mco period is fair and appreciated.

for commercial, it will depends on how much the landlord want the tenant to survive and stay. if landlord don't offer discount or waiver and tenant couldn't afford to pay is lppl.

at current market sentiment, most tenants will/should take the opportunity to negotiate for cheaper rental for the rest of tenancy period.
*
For residential, the tenants are occupied the house 24hrs per day still need to give discount? If commercial i understand, where no activities carry out on that permise.
nexona88
post Mar 26 2020, 07:02 PM

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QUOTE(AskarPerang @ Mar 26 2020, 08:23 AM)
user posted image
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Hmm..
Its real deal or just fake..
Because its really viral all over socmed yo...
icemanfx
post Mar 26 2020, 07:03 PM

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QUOTE(lwpin728 @ Mar 26 2020, 06:16 PM)
For residential, the tenants are occupied the house 24hrs per day still need to give discount? If commercial i understand, where no activities carry out on that permise.
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Tenant's income may be reduced during mco.

This post has been edited by icemanfx: Mar 26 2020, 07:03 PM
beleebala
post Mar 26 2020, 10:46 PM

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QUOTE(icemanfx @ Mar 26 2020, 10:51 AM)
for non commercial/business tenancy, 50% discount during mco period is fair and appreciated.

for commercial, it will depends on how much the landlord want the tenant to survive and stay. if landlord don't offer discount or waiver and tenant couldn't afford to pay is lppl.

at current market sentiment, most tenants will/should take the opportunity to negotiate for cheaper rental for the rest of tenancy period.
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I agree. If the tenant goes out of business, the landlord would lose rent and possibly get involved in a lawsuit, which would cost him/her more $ and trouble. How would a landlord choose between a) getting 50% rent for a year; or b) losing total rent until you get a new tenant, with cost and trouble for a lawsuit, commission fee and other costs for a new lease?
Zwean
post Mar 26 2020, 11:39 PM

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QUOTE(icemanfx @ Mar 26 2020, 11:51 AM)
for non commercial/business tenancy, 50% discount during mco period is fair and appreciated.

for commercial, it will depends on how much the landlord want the tenant to survive and stay. if landlord don't offer discount or waiver and tenant couldn't afford to pay is lppl.

at current market sentiment, most tenants will/should take the opportunity to negotiate for cheaper rental for the rest of tenancy period.
*
The rest of the tenancy period?

You overestimate the tenant's bargaining power.

QUOTE(beleebala @ Mar 26 2020, 10:46 PM)
I agree. If the tenant goes out of business, the landlord would lose rent and possibly get involved in a lawsuit, which would cost him/her more $ and trouble. How would a landlord choose between a) getting 50% rent for a year; or b) losing total rent until you get a new tenant, with cost and trouble for a lawsuit, commission fee and other costs for a new lease?
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If my tenant requests for a 50% rent discount for the rest of the year. I will serve 2 months notice to them.

This post has been edited by Zwean: Mar 26 2020, 11:40 PM
malaysiathegreat
post Mar 27 2020, 02:11 AM

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I gave rm500 discount to the Amcorp mall tenants initially for March and April coz i know their business is taken a hit. However i did not give the discount to the residential tenants at bukit jalil because she is a student which i dont think the lock down affect her financial. I myself forcing to take a unpaid leave for the company goods. It's all about helping each other getting through this difficulties. You help me, I help you.
icemanfx
post Mar 27 2020, 05:25 AM

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QUOTE(Zwean @ Mar 26 2020, 11:39 PM)
The rest of the tenancy period?

You overestimate the tenant's bargaining power.

If my tenant requests for a 50% rent discount for the rest of the year. I will serve 2 months notice to them.
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Many landlords in particular commi could find out later this year or next.

This post has been edited by icemanfx: Mar 27 2020, 09:19 AM
beleebala
post Mar 27 2020, 03:46 PM

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QUOTE(Zwean @ Mar 26 2020, 10:39 PM)
The rest of the tenancy period?

You overestimate the tenant's bargaining power.
If my tenant requests for a 50% rent discount for the rest of the year. I will serve 2 months notice to them.
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Sure, if you can find a new tenant in a few months and able to not lowering the rent in the new lease. The bargaining power of the tenant does not matter. What matters is your overall rental income in the next 12-24 months.
darkdevilrey
post Mar 27 2020, 04:03 PM

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how does it affect the existing tenancy agreement ?

discount on goodwill agreed by both parties ?


icemanfx
post Mar 27 2020, 04:39 PM

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QUOTE(malaysiathegreat @ Mar 27 2020, 02:11 AM)
I gave rm500 discount to the Amcorp mall tenants initially for March and April coz i know their business is taken a hit. However i did not give the discount to the residential tenants at bukit jalil because she is a student which i dont think the lock down affect her financial. I myself forcing to take a unpaid leave for the company goods. It's all about helping each other getting through this difficulties. You help me, I help you.
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QUOTE(Sean50Parry @ Mar 27 2020, 10:09 AM)
I did reduce RM 200 for 4 mths la coz my tenant also good paymaster..now company not paying them 3 maths salary coz of Covid 19 coz cannot travel to KK where the HQ is...
loss RM 200 per mth is better than the entire rental la...
with the RM 200 won't do much for my lifestyle since now cannot go out leap..but to tenant it may help to pay other utilities la..
anyway this is my 2 sen la..
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+1 good karma

This post has been edited by icemanfx: Mar 27 2020, 04:40 PM
jumalij23
post Mar 27 2020, 07:07 PM

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QUOTE(icemanfx @ Mar 27 2020, 04:39 PM)
+1 good karma
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I agree with you, I gave 40% discount to my tenant for the next 6 months.

She is a good tenant and taking care of my unit very clean and tidy.

Its a good feeling when you can help others in this difficult time:)

This post has been edited by jumalij23: Mar 27 2020, 09:46 PM
icemanfx
post Mar 27 2020, 07:26 PM

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QUOTE(jumalij23 @ Mar 27 2020, 07:07 PM)
I agree with you, I gave 40% discount to my tenant for the next 6 months.

She is a good tenant and taking care of my unit very clean and tidy.

Its a good felling when you can others in this difficult time:)
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What goes around comes around. You will be rewarded for your good deed.
hirano
post Mar 27 2020, 07:29 PM

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QUOTE(aspartame @ Mar 25 2020, 09:07 PM)
Most landlords are kiam siap.... very calculative... for me, if tenant requests, I bear half the rental ... means they only pay half for duration of lockdown
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Where's ur property? I rent now
heavensea
post Mar 28 2020, 02:07 AM

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QUOTE(hirano @ Mar 27 2020, 07:29 PM)
Where's ur property? I rent now
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Me too
SUSdestiny6
post Mar 28 2020, 03:03 AM

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QUOTE(nexona88 @ Mar 25 2020, 02:26 PM)
Don't think there's discount..
Even in mall I heard.. only deferments for few months...
Can try luck nego with owner... So good luck boss
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There is discount la.....I'm manage to get discount rental for March onwards before BNM 6months deferment announce, Sunway group malls giving free rental during MCO periods and so far a mall in KL yet to send me invoice, hopefully free rental pls....sweat.gif
nexona88
post Mar 28 2020, 11:22 AM

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QUOTE(destiny6 @ Mar 28 2020, 03:03 AM)
There is discount la.....I'm manage to get discount rental for March onwards before BNM 6months deferment announce, Sunway group malls giving free rental during MCO periods and so far a mall in KL yet to send me invoice, hopefully free rental pls....sweat.gif
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Good then 👍
the_sorrow
post Mar 29 2020, 11:50 AM

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I just feel people are opportunistic and taking advantage of the situation especially for residential. Like so fast can't pay house rental on the first month? And they think moratorium is free money. And if tenant is long time then can consider but if you are new tenant and ask immediately, it is very hard to believe.

This post has been edited by the_sorrow: Mar 29 2020, 11:51 AM
heavensea
post Mar 29 2020, 04:20 PM

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QUOTE(the_sorrow @ Mar 29 2020, 11:50 AM)
I just feel people are opportunistic and taking advantage of the situation especially for residential. Like so fast can't pay house rental on the first month? And they think moratorium is free money. And if tenant is long time then can consider but if you are new tenant and ask immediately, it is very hard to believe.
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Now you know the true color of most tenants smile.gif
Iroquois Plissken
post Mar 29 2020, 06:45 PM

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Guys, mind giving me your opinion on my tenant (commercial property). A bit long, so please bear with me! notworthy.gif

He's been renting since 2014 and was always on time with rent, however this year his business (phone and computer repair shop) has taken a hit and has been late with rental since January. Last month he missed the due date and I had to call him after 2 weeks wondering where the rent was. He asked to pay half with the balance later. Since he was an exemplary tenant I told him he can pay the balance next month (which is this month) under the assumption that March rental will be paid along with it.

He did ended up paying the balance, but didn't paid this month's rent (which was due even before the lockdown) and has been avoiding my texts. I finally got trough him today and he told me that all surrounding tenants are getting a 50% discount so he's asking me if I could grant him the same leeway.

I told him I would have given him a nice discount had he had been more proactive with the situation and not waited until I called him (and ignoring my texts). I gave him one last chance to come call me back by the end of this month to come up with a better proposal (I can't afford to give 50% discount for the next 6 months as rent is my main source of income).

I consider myself a fair guy. I scolded him for not being proactive and also praised his past record. I told him it was extremely upsetting that he has been avoiding paying the rent and my texts since I already called him last month saying that if he has problems, he is free to CALL ME and talk it over. What do you guys think and what kind of compromise should I reach with this dude?


wsoon82
post Mar 29 2020, 07:10 PM

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QUOTE(Iroquois Plissken @ Mar 29 2020, 06:45 PM)
Guys, mind giving me your opinion on my tenant (commercial property). A bit long, so please bear with me!  notworthy.gif

He's been renting since 2014 and was always on time with rent, however this year his business (phone and computer repair shop) has taken a hit and has been late with rental since January. Last month he missed the due date and I had to call him after 2 weeks wondering where the rent was. He asked to pay half with the balance later. Since he was an exemplary tenant I told him he can pay the balance next month (which is this month) under the assumption that March rental will be paid along with it.

He did ended up paying the balance, but didn't paid this month's rent (which was due even before the lockdown) and has been avoiding my texts. I finally got trough him today and he told me that all surrounding tenants are getting a 50% discount so he's asking me if I could grant him the same leeway.

I told him I would have given him a nice discount had he had been more proactive with the situation and not waited until I called him (and ignoring my texts). I gave him one last chance to come call me back by the end of this month to come up with a better proposal (I can't afford to give 50% discount for the next 6 months as rent is my main source of income).

I consider myself a fair guy. I scolded him for not being proactive and also praised his past record. I told him it was extremely upsetting that he has been avoiding paying the rent and my texts since I already called him last month saying that if he has problems, he is free to CALL ME and talk it over. What do you guys think and what kind of compromise should I reach with this dude?
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Most likely this tenant would not be able to maintain the same payment record, phone and computer are much cheaper now (not many people are actually sending them to repair). Even you give a 6 months discount, would his business actually back on track?

If I am you, I will start looking for other potential tenants, understand the market rate/demand, as backup.
wsoon82
post Mar 29 2020, 07:15 PM

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QUOTE(icemanfx @ Mar 26 2020, 11:51 AM)
for non commercial/business tenancy, 50% discount during mco period is fair and appreciated.

for commercial, it will depends on how much the landlord want the tenant to survive and stay. if landlord don't offer discount or waiver and tenant couldn't afford to pay is lppl.

at current market sentiment, most tenants will/should take the opportunity to negotiate for cheaper rental for the rest of tenancy period.
*
If real difficulty for good tenant then can discuss for a mutually agreeable arrangement. For opportunist that simply "take the opportunity", go fly kite lah!

If you are the owner, would you give 50%?
icemanfx
post Mar 29 2020, 07:50 PM

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QUOTE(wsoon82 @ Mar 29 2020, 07:15 PM)
If real difficulty for good tenant then can discuss for a mutually agreeable arrangement. For opportunist that simply "take the opportunity", go fly kite lah!

If you are the owner, would you give 50%?
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Yes, if they ask.
wsoon82
post Mar 29 2020, 08:12 PM

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QUOTE(icemanfx @ Mar 29 2020, 07:50 PM)
Yes, if they ask.
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My view is like this lah, if the tenant doesn't really need it, we should give the money to people who really need it like those homeless, we can help within our capacity. But we have to spend it wisely, for the right target. If the tenant is still able to move to other home because you are not able to give discount, at least he still have the capacity to find a home. Many people are homeless out there.
Iroquois Plissken
post Mar 29 2020, 08:23 PM

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QUOTE(wsoon82 @ Mar 29 2020, 07:10 PM)
Most likely this tenant would not be able to maintain the same payment record, phone and computer are much cheaper now (not many people are actually sending them to repair). Even you give a 6 months discount, would his business actually back on track?

If I am you, I will start looking for other potential tenants, understand the market rate/demand, as backup.
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Yup, I would be open to entertaining the idea of finding other tenants if I had the extra cash to live tenant-less for 3-4 months but that's not the case, but at the same time I find the idea of tenant asking me to give 50% off for the next 6 months AFTER ignoring this month's rent is a bit insulting.
wsoon82
post Mar 29 2020, 08:36 PM

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Also think about it, if you are a tenant, would you really move out because of not getting discount? Moving out involve cost, time, hassle etc. and what is the possibility to find much cheaper unit??

For businesses, if the business is good, would the tenant actually move out because of not getting discount? It takes time to build a business in a location, moving can affect the business. Worth it?
wsoon82
post Mar 29 2020, 08:46 PM

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QUOTE(Iroquois Plissken @ Mar 29 2020, 08:23 PM)
Yup, I would be open to entertaining the idea of finding other tenants if I had the extra cash to live tenant-less for 3-4 months but that's not the case, but at the same time I find the idea of tenant asking me to give 50% off for the next 6 months AFTER ignoring this month's rent is a bit insulting.
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It depends what is written in the contract between you and your tenant. How long the notice period etc. In any negotiation, you have to prepare yourself, know your opponent and know the market. Is there an option to keep this tenant for the time being and look for a replacement?
SUSgsem984
post Mar 29 2020, 09:21 PM

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The best way is to professionally follow the tenancy agreement to kick.him out. Dun tag too much personal emotion into it


QUOTE(Iroquois Plissken @ Mar 29 2020, 06:45 PM)
Guys, mind giving me your opinion on my tenant (commercial property). A bit long, so please bear with me!  notworthy.gif

He's been renting since 2014 and was always on time with rent, however this year his business (phone and computer repair shop) has taken a hit and has been late with rental since January. Last month he missed the due date and I had to call him after 2 weeks wondering where the rent was. He asked to pay half with the balance later. Since he was an exemplary tenant I told him he can pay the balance next month (which is this month) under the assumption that March rental will be paid along with it.

He did ended up paying the balance, but didn't paid this month's rent (which was due even before the lockdown) and has been avoiding my texts. I finally got trough him today and he told me that all surrounding tenants are getting a 50% discount so he's asking me if I could grant him the same leeway.

I told him I would have given him a nice discount had he had been more proactive with the situation and not waited until I called him (and ignoring my texts). I gave him one last chance to come call me back by the end of this month to come up with a better proposal (I can't afford to give 50% discount for the next 6 months as rent is my main source of income).

I consider myself a fair guy. I scolded him for not being proactive and also praised his past record. I told him it was extremely upsetting that he has been avoiding paying the rent and my texts since I already called him last month saying that if he has problems, he is free to CALL ME and talk it over. What do you guys think and what kind of compromise should I reach with this dude?
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icemanfx
post Mar 29 2020, 11:29 PM

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QUOTE(wsoon82 @ Mar 29 2020, 08:36 PM)
Also think about it, if you are a tenant, would you really move out because of not getting discount? Moving out involve cost, time, hassle etc. and what is the possibility to find much cheaper unit??

For businesses, if the business is good, would the tenant actually move out because of not getting discount? It takes time to build a business in a location, moving can affect the business. Worth it?
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If tenant business is not doing well, most would consider to try out new location. in most places, supply is more than demand. tenant could easily find cheaper alternative.

if the business could be relocated easily and rental is expensive, the tenant is likely to decamp to cheaper, better place or close shop.

This post has been edited by icemanfx: Mar 29 2020, 11:30 PM
icemanfx
post Mar 29 2020, 11:33 PM

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QUOTE(Iroquois Plissken @ Mar 29 2020, 06:45 PM)
Guys, mind giving me your opinion on my tenant (commercial property). A bit long, so please bear with me!  notworthy.gif

He's been renting since 2014 and was always on time with rent, however this year his business (phone and computer repair shop) has taken a hit and has been late with rental since January. Last month he missed the due date and I had to call him after 2 weeks wondering where the rent was. He asked to pay half with the balance later. Since he was an exemplary tenant I told him he can pay the balance next month (which is this month) under the assumption that March rental will be paid along with it.

He did ended up paying the balance, but didn't paid this month's rent (which was due even before the lockdown) and has been avoiding my texts. I finally got trough him today and he told me that all surrounding tenants are getting a 50% discount so he's asking me if I could grant him the same leeway.

I told him I would have given him a nice discount had he had been more proactive with the situation and not waited until I called him (and ignoring my texts). I gave him one last chance to come call me back by the end of this month to come up with a better proposal (I can't afford to give 50% discount for the next 6 months as rent is my main source of income).

I consider myself a fair guy. I scolded him for not being proactive and also praised his past record. I told him it was extremely upsetting that he has been avoiding paying the rent and my texts since I already called him last month saying that if he has problems, he is free to CALL ME and talk it over. What do you guys think and what kind of compromise should I reach with this dude?
*
If you believe you could find another tenant easily at similar rent, you can remain firm. however, if there is a supply over demand in your area, you may have no choice but to accept lower income.

Yuyukakei
post Mar 30 2020, 01:05 AM

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no,definetky no
SUSdestiny6
post Mar 30 2020, 03:14 AM

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QUOTE(icemanfx @ Mar 29 2020, 11:29 PM)
If tenant business is not doing well, most would consider to try out new location. in most places, supply is more than demand. tenant could easily find cheaper alternative.

if the business could be relocated easily and rental is expensive, the tenant is likely to decamp to cheaper, better place or close shop.
*
Not easy to relocate also especially business, for residential yes, easily call a lorry move out settle at new place
For commercial tenants like it or not if no discount either perseverance or close for good, relocate to new place not cheap also.... renovation cost easily 80-100k, that also haven't include cost with your new owner
meteoraniac
post Mar 30 2020, 07:28 AM

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as my properties have net cash flow, and my tenants have been screened thoroughly and i like them, i would give them around 25% discount for next 3 months to keep them. a win win situation, imagine if they leave and i got to hire another agent to dog fight with other untenanted properties
posmaster
post Mar 30 2020, 09:12 AM

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As long as the Tenant is occupying or using the property, there will be wear and tear on the property and other risk along on the property.......

The rental is to cover for the wear and tear of the property and all associated risk on the property by the Tenant.

As such, Tenant should pay landlord on time as per Tenancy Agreement.
DavidKool
post Mar 30 2020, 09:14 AM

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QUOTE(meteoraniac @ Mar 30 2020, 07:28 AM)
as my properties have net cash flow, and my tenants have been screened thoroughly and i like them, i would give them around 25% discount for next 3 months to keep them. a win win situation, imagine if they leave and i got to hire another agent to dog fight with other untenanted properties
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+1
icemanfx
post Mar 30 2020, 04:04 PM

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QUOTE(Edwin Bak @ Mar 30 2020, 03:54 PM)
MALAYSIA TENANTS GROUP

Facebook page - https://www.facebook.com/BerjuangUntukPenyewaMalaysia/
Facebook group - https://www.facebook.com/groups/203740667712754/
We are a team of established and experienced real estate agents and legal advisors who were former lawyers looking to assist tenants in relation to the recent MCO imposed by the government.
Pursuant to the regulations imposed by the government pertaining to the bank’s deferment to housing loans for individuals and business loans for SMEs, we understand that there is a public outcry in relation the landlords showing leniency to tenants who cannot afford to pay their rent, essentially to either reduce rents, deferring rents or banning evictions amid the worsening coronavirus crisis. With a growing number of Malaysians expected to lose income due to the economic fallout from COVID-19, we want either rents reduced, deferred or evictions banned to protect not just the tenants but the wider public. Evictions have been banned in cities like New York, Los Angeles and San Francisco, while France has suspended all bills and rent. As such, we are confident and more than happy to represent unhappy tenants out there that are being requested to maintain full rent payment by landlords. Kindly fill up the form at https://forms.gle/srgWNwXedUmvAfdA6 and/or email us at fightfortenant@gmail.com and we will do the necessary to help and assist you on this matter.
[TRANSLATION]
Kami merupakan satu persatuan yang merangkumi ejen-ejen hartanah yang berpengalaman dan penasihat undang-undang yang merupakan bekas peguam yang ingin membantu penyewa berhubung dengan MCO yang baru-baru ini dilaksanakan oleh kerajaan.
Mengikut peraturan yang dikenakan oleh kerajaan berhubung dengan penangguhan bank terhadap pinjaman perumahan bagi individu dan pinjaman perniagaan untuk PKS, kami memahami bahawa terdapat bantahan awam berhubung dengan tuan-tuan tanah untuk menunjukkan kelonggaran kepada penyewa yang tidak mampu membayar sewa mereka, pada dasarnya sama ada mengurangkan sewa, menangguhkan sewa atau mengharamkan pengusiran di tengah-tengah krisis koronavirus yang semakin buruk. Dengan semakin ramai rakyat Malaysia yang dijangka kehilangan pendapatan disebabkan oleh kejatuhan ekonomi dari COVID-19, kita mahu sama ada untuk sewa dikurangkan, ditangguhkan atau pengusiran diharamkan untuk melindungi bukan hanya penyewa tetapi orang awam yang lebih luas. Pengusiran telah diharamkan di bandar-bandar seperti New York, Los Angeles dan San Francisco, manakala Perancis telah menggantung semua bil dan sewa. Oleh itu, kami yakin dan gembira untuk mewakili penyewa-penyewa yang tidak berpuas hati yang diminta untuk mengekalkan bayaran sewa penuh oleh tuan-tuan tanah. Mohon isikan borang di https://forms.gle/srgWNwXedUmvAfdA6 dan / atau emel kami pada fightfortenant@gmail.com dan kami akan membuat apa-apa yang diperlukan untuk membantu dan membantu anda dalam hal ini.
<a href='https://pictr.com/images/2020/03/30/5kyCzl.md.png' target='_blank'>https://pictr.com/images/2020/03/30/5kyCzl.md.png </a>
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Cango Tango P
post Mar 30 2020, 05:27 PM

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QUOTE(jumalij23 @ Mar 27 2020, 07:07 PM)
I agree with you, I gave 40% discount to my tenant for the next 6 months.

She is a good tenant and taking care of my unit very clean and tidy.

Its a good feeling when you can help others in this difficult time:)
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Indeed, lending hand to people who needed is good. Always find balance point at current crisis and going through together.
mingshi0166
post Mar 30 2020, 06:19 PM

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Deduct from deposit 1st lar

Captain89
post Mar 30 2020, 06:56 PM

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QUOTE(mingshi0166 @ Mar 30 2020, 06:19 PM)
Deduct from deposit 1st lar
*
This a no no.... I learn my lesson. Put it this way, now you cut from deposit, what if tenant delay another month in future and you know he can't pay rent. Who loss?
Captain89
post Mar 30 2020, 07:00 PM

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QUOTE(posmaster @ Mar 30 2020, 09:12 AM)
As long as the Tenant is occupying or using the property, there will be wear and tear on the property and other risk along on the property.......

The rental is to cover for the wear and tear of the property and all associated risk on the property by the Tenant.

As such, Tenant should pay landlord on time as per Tenancy Agreement.
*
Can use their deposit money for renovation if there's any wear and tear cause by previous tenant
wsoon82
post Mar 30 2020, 07:36 PM

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QUOTE(icemanfx @ Mar 30 2020, 04:04 PM)
*
Just be cautious when providing personal data to unknown group in FB.

Can read some real lawyers feedback: https://www.malaymail.com/news/malaysia/202...orce-ma/1850619

Or just consult your own lawyer friends.

This post has been edited by wsoon82: Mar 30 2020, 10:56 PM
beleebala
post Mar 31 2020, 11:58 PM

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QUOTE(Iroquois Plissken @ Mar 29 2020, 05:45 PM)
Guys, mind giving me your opinion on my tenant (commercial property). A bit long, so please bear with me!  notworthy.gif

He's been renting since 2014 and was always on time with rent, however this year his business (phone and computer repair shop) has taken a hit and has been late with rental since January. Last month he missed the due date and I had to call him after 2 weeks wondering where the rent was. He asked to pay half with the balance later. Since he was an exemplary tenant I told him he can pay the balance next month (which is this month) under the assumption that March rental will be paid along with it.

He did ended up paying the balance, but didn't paid this month's rent (which was due even before the lockdown) and has been avoiding my texts. I finally got trough him today and he told me that all surrounding tenants are getting a 50% discount so he's asking me if I could grant him the same leeway.

I told him I would have given him a nice discount had he had been more proactive with the situation and not waited until I called him (and ignoring my texts). I gave him one last chance to come call me back by the end of this month to come up with a better proposal (I can't afford to give 50% discount for the next 6 months as rent is my main source of income).

I consider myself a fair guy. I scolded him for not being proactive and also praised his past record. I told him it was extremely upsetting that he has been avoiding paying the rent and my texts since I already called him last month saying that if he has problems, he is free to CALL ME and talk it over. What do you guys think and what kind of compromise should I reach with this dude?
*
Can you get a new tenant with at least 80% of the current rent within 4 months? If you can, kick the existing tenant out; a short pain is better than a long pain. If you cannot, why not giving your existing tenant a 50% discount for 6 months?
beleebala
post Mar 31 2020, 11:59 PM

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QUOTE(Iroquois Plissken @ Mar 29 2020, 05:45 PM)
Guys, mind giving me your opinion on my tenant (commercial property). A bit long, so please bear with me!  notworthy.gif

He's been renting since 2014 and was always on time with rent, however this year his business (phone and computer repair shop) has taken a hit and has been late with rental since January. Last month he missed the due date and I had to call him after 2 weeks wondering where the rent was. He asked to pay half with the balance later. Since he was an exemplary tenant I told him he can pay the balance next month (which is this month) under the assumption that March rental will be paid along with it.

He did ended up paying the balance, but didn't paid this month's rent (which was due even before the lockdown) and has been avoiding my texts. I finally got trough him today and he told me that all surrounding tenants are getting a 50% discount so he's asking me if I could grant him the same leeway.

I told him I would have given him a nice discount had he had been more proactive with the situation and not waited until I called him (and ignoring my texts). I gave him one last chance to come call me back by the end of this month to come up with a better proposal (I can't afford to give 50% discount for the next 6 months as rent is my main source of income).

I consider myself a fair guy. I scolded him for not being proactive and also praised his past record. I told him it was extremely upsetting that he has been avoiding paying the rent and my texts since I already called him last month saying that if he has problems, he is free to CALL ME and talk it over. What do you guys think and what kind of compromise should I reach with this dude?
*
Can you get a new tenant with at least 80% of the current rent within 4 months? If you can, kick the existing tenant out; a short pain is better than a long pain. If you cannot, why not giving your existing tenant a 50% discount for 6 months?
cablesguy
post Apr 1 2020, 12:08 AM

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Not planning to give discount, and my tenants didnt ask, not yet at least.
washay
post Apr 1 2020, 01:49 AM

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QUOTE(cablesguy @ Apr 1 2020, 12:08 AM)
Not planning to give discount, and my tenants didnt ask, not yet at least.
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Same here
NF2M
post Apr 1 2020, 03:24 AM

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QUOTE(meteoraniac @ Mar 30 2020, 07:28 AM)
as my properties have net cash flow, and my tenants have been screened thoroughly and i like them, i would give them around 25% discount for next 3 months to keep them. a win win situation, imagine if they leave and i got to hire another agent to dog fight with other untenanted properties
*
+1
SUStyrionlannister10
post Apr 1 2020, 11:01 AM

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My landlord have 30%. Cukur
LoTek
post Apr 1 2020, 11:51 AM

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Not giving discount. Residential properties. Tenant stay, they still using fully unlike commercial. Bank loan is not free, in the end we have to pay, and slightly more than before. Landlords mostly already have been suffering low rental since 2013. And furthermore, landlord also suffering in other businesses. Rental is the only income source left for many.
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post Apr 1 2020, 06:48 PM

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This post has been edited by Moogle Stiltzkin: Jun 13 2021, 07:10 AM
sching
post Apr 14 2020, 08:03 PM

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My tenant also asking for 50% discount. I proposed deferment but she insisted discount since she has no income during MCO. The way she ask also quite rude as in she mentioned other owner can give, I cannot give meh? N threaten to find other place end of the year. I understand it's difficult for her so I agree to 50% discount one month. I have a feeling she will ask again next month.
Jdite
post Apr 15 2020, 08:00 PM

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Landlord can get tax deduction if give discount to SME tenants...

https://propsquare.my/2020/04/14/landlords-...imulus-package/

 

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