Property agent fees

Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
Post Reply
Richleeson
Newbie
Newbie
Posts: 17
Joined: Thu, 07 Jul 2011 1:26 am
Location: Singapore

Property agent fees

Post by Richleeson » Thu, 05 Jun 2014 10:10 pm

Hi,
My rental contract renewal is due soon, im renewing with exactly the same terms but the agent wants me to pay him 1/2 months rent as a renewal fee and i dont understand why, is this normal?
Am i supposed to pay him $1500+gst just to renew an identical contract for 1 year!?
Sounds ridiculous :shock:

Singapore Property Search

 

x9200
Moderator
Moderator
Posts: 9873
Joined: Mon, 07 Sep 2009 4:06 pm
Location: Singapore

Post by x9200 » Thu, 05 Jun 2014 10:41 pm

It happens pretty frequently. Check your TA, you should have a specific clause covering it somewhere at the end of the document. If not, tell the agent to *beep*.

x9200
Moderator
Moderator
Posts: 9873
Joined: Mon, 07 Sep 2009 4:06 pm
Location: Singapore

Post by x9200 » Fri, 06 Jun 2014 9:17 am

I had one in my current TA but I did not agree to it and it was removed.

AngMoG
Reporter
Reporter
Posts: 609
Joined: Wed, 17 Apr 2013 11:39 am

Post by AngMoG » Fri, 06 Jun 2014 11:58 am

Just make sure the agent is only representing you, and not the owner as well. If there is only one agent in the picture, normally it should be the owner paying him. With two agents, one will be the owner's and one the tenant's, and both have to be paid by the respective party.

There is also a transition scam though, wherein the previously double-dipping agent got a second agent from the same agency who doesn't do anything, but on paper represents the owner (for example). That is a somewhat gray area, and depends on you what you would want to do about it (including moving).

If it really is your agent, then you have to pay him the 1/2 monthly rent per year for renewal.

User avatar
taxico
Director
Director
Posts: 3232
Joined: Sat, 10 May 2008 6:05 pm
Location: Existential dilemma!

Post by taxico » Fri, 06 Jun 2014 6:59 pm

angmohg is right. make sure you get a receipt too, and don't get gst slapped on - not on the contract i assume, so don't pay a dime more.

make sure he gets everything sorted out for you - new contract, stamping, running around, etc. you ARE paying for his service.

new contract must have a few things changed (renewal, exit/diplomatic clause, etc).
Aut viam ad caelum inveniam aut faciam

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Property Talk, Housing & Rental”

Who is online

Users browsing this forum: No registered users and 1 guest