When you answer an ad posted by an agent, you do not need to pay him agent fees because he working on behalf of landlord and he is the one who pays him.David Gornold wrote:Anyone has any reliable agent to recommend? I called some but they seem to differ in charges, I read that I needn't pay tenant fees but those I called actually quoted me a month.
There are no solid "rules", but that is a guideline that many agents follow. Of course, you're more than welcome to negotiate with them as you don't have to take that price.Hannieroo wrote:Is the rule if the rent is over 3k the LL pays both? Or did I make that up?
Actually, the rule now is that the person engaging the agent (i.e. whom he represents) has to pay. There are no rules on the height of the fees, but from what I remember it used to be 1/2 month rent for a 12 month contract, or 1 month for a 24 month contract. As ads posted should be done by agents that are representing landlords, you shouldn't have to pay them.David Gornold wrote:Thank you all for the feedback, I managed to rent a unit after much trouble. A couple of agents quoted me tenant fees, though i was renting a unit at 5.5k.
Luckily managed to source a unit in the end through another agent, who was very helpful and didnt charge me a single cent. Just to share: He told me that the norm is that the landlord will pay for agents' commissions for rentals above 3.5k normally.
Certainly glad that I didnt just blindly pay the first 2 agents. Thank you for all the feedback here as well. If anyone needs a recommendation to my reliable agent, drop me a PM.
David, you're quite right that there are many 'practices' and frankly in a lot of cases they are of the 'sharp' and 'devious' variety. There is a lot of misinformation put out by unscrupulous agents, which results in confusion (especially for those new to Singapore) and gives them an opportunity to bamboozle people into thinking that they have to pay an agent if they want to rent a place. As has been discussed at length on this forum, that is not the case.David Gornold wrote:Seems like there are plenty of different "market practices"? In any case I'm glad that I did not have to pay any agent fees, that is the version of the "market practice" I'd choose to believe in!
A key point is that there doesn't have to be a 'both'. If you search the various websites and newspaper ads, then find a place by yourself, there is no reason why you need your 'own' agent, or why you should pay any agent's fees.beppi wrote:This is not legally possible any more under the new rules:Hannieroo wrote:Is the rule if the rent is over 3k the LL pays both? Or did I make that up?
Now, the fee is always paid by the party who engaged the agent in the first place - obviously that does not depend on the height of the rent!
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