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 Question regarding payment of contract, Owner pay or ppl rent pay?

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dano
post Mar 7 2009, 03:14 PM

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Joined: Jan 2008
From: Petaling Jaya


QUOTE(livingmonolith @ Mar 7 2009, 01:00 PM)
if you go through any real estate agencies the common practice is tenancy agreements to be born by tenants, it'll be included as a clause in offer letters.

if you're dealing directly with tenant yourself, it's optional but from experience it's usually 50-50. and agree with meejawa, if you ask me personally i wouldn't mind bearing the cost myself considering there's no agent fees involved.
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I agree with livingmonolith. In cases involving real estate agents, tenants are required to bear costs of agreement. I dont think this is law but granted that owner is incurring fees to agent, tenants to pay for contract.

From friend's experiences, agreement serves little protection for owners. Why? If owner breaks contract, tenant wants compensation. If tenant breaks contract, they stay on for 2 months or more and "vanish". Especially true for minor rentals of RM1000 or so. Not worth owner's effort to sue. Only viable if major amount like in retail stores etc.

 

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