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 Agent rental commission, how does it work?

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TScrazyconsumer
post May 6 2008, 11:27 AM, updated 18y ago

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Normally, agents charge 1 month equivalent of rental for a new lease agreement.

If the agreement is a 1 year plus 1 year duration, do they charge another 1 month upon extension to the 2nd year?

How about subsequent to that eg. 3rd year?

Or can owner DIY the agreement for 2nd year and onwards?
waeguk
post May 11 2008, 10:14 AM

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Agent only charge once. Renewal or extension only pay for stamp duty.
tgrrr
post May 13 2008, 08:08 PM

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Technically since agent's are paid for their services of finding and securing tenants, they should be responsible if the tenant breaches the contract and ran away in the first year but sadly that's not the general practice in Malaysia.

 

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