Apr 22 2025, 09:30 PM
QUOTE(GalaxyV @ Apr 22 2025, 09:36 AM)
I rented a 2nd floor shop lot. My landlord doesn't want to make agreement for more than 2 years.
Agreement is every 2 years and both parties need to pay the agreement fee to the lawyer (50% each). Every two years, he naik my rental fee for more than or = 15%.
When I asked if agreement can be 3 years. He pushed to ask lawyer. He said if lawyer said can, then can. I know his way la. Why need to push to lawyer.
If I renew now, next two years, he will naik for another 15%. I think this is his tactic too to stay at 2 years only so he can do so every 2 years. But it is hardly to get tenant at second floor.
Should I stay or find another? If find another, I need to pay moving and new renovation cost.
No wonder your landlord dare to increase the rent, figure out your own vs your renovation cost, if u cannot afford just continue rent only, rental is monthly cash outflow and renovation is one big initial cash outflow. Agreement is every 2 years and both parties need to pay the agreement fee to the lawyer (50% each). Every two years, he naik my rental fee for more than or = 15%.
When I asked if agreement can be 3 years. He pushed to ask lawyer. He said if lawyer said can, then can. I know his way la. Why need to push to lawyer.
If I renew now, next two years, he will naik for another 15%. I think this is his tactic too to stay at 2 years only so he can do so every 2 years. But it is hardly to get tenant at second floor.
Should I stay or find another? If find another, I need to pay moving and new renovation cost.
Negotiation to increase like 10% for next 2 years, try to lock in rental with 2+1 or 2+2 for longer tenure. Normally shoplot first floor and second floor, landlord most likely don't increase that high.
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