guys, i want to renew my tenant lease, do we need to sign new agreement and stamp it?

previous agreement is 1+1, coming up is the +1

Technically "YES"

Retype the entire previous agreement in 2 copies, change the dates and rental amount (if applicable). Have a witness to the agreement.

Do online stamping. Wont cost much.

witness can be anyone?
how to online stamp?

yes.

better do

Prefer non related to both landlord and tenant as witness.

Register at LHDN website and follow the instruction.

I normally will initiate a formal letter to my tenant on their intend to extend their tenancy by quoting the original TA document signed & stamped. In the letter, I will enclosed another draft letter for the tenant to agree on to extend the tenancy agreement based on the clause stated in the original TA, with all the conditions are to be maintained as per original condition of TA except for the new date of the extend tenancy period. My tenant will just need to sign back on the letter I drafted.

If i want to renew the tenant agreement and i want to look for an agent to do agreement, what are the charges i need to pay to the agent?

I don't think agents have a pre-published price for their service

Straight go lawyer also can..

Need to go lawyer? How much is the cost?

I’m hoping someone who has experienced it can tell me

This post has been edited by abm: Dec 8 2024, 07:45 PM

practicing lawyer here and I can get your tenancy prepared and stamped, plus witnessing both your tenant and your signature as an advocate and solicitor for 1k

Regarding your lease renewal, it is generally recommended to have a written agreement to protect both parties' interests. This agreement should outline the terms and conditions of the tenancy, including the rental amount, tenancy period, and any other relevant details.

You may need to pay stamp duty on the new agreement, the amount of which depends on the rental amount and tenancy period. It's advisable to consult with a lawyer to ensure that the agreement is legally sound and protects your rights as a tenant.

ts, whats the reason why you want to make new agreement? to lock your tenant for another year or two while increase rental rate? that's dumb unless the tenant themselves want to secure their accomodations for a year or two.

Then I'll tell you that once upon a time an agent, who was also a friend, did it for me for free. Basically they can charge whatever they want, depends if you will accept or not.

Does that answer your question?

Yes

Iinm my lawyer friend charged few hundreds.. +-400

You can always ask them to quote first..

Yes. Renewal agreement and get it stamped for peace of mind

This post has been edited by Chisinlouz: Dec 9 2024, 02:38 AM