Condo rental deposits

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aikido
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Condo rental deposits

Post by aikido » Fri, 21 Sep 2007 4:52 pm

Hi all

I'm about to get a condo soon. The thing is i was told by the agent to make a mth security deposit,1 month rental and a month deposit which totals up to 3 months of payment. My lease is 1 year.From what I know, if my lease is a year, then i only need to make a security deposit and 1 month rental deposit. how abt the agents fee?the agent wanted half of the months rent,while the condo i will get after negotiations is S$2700.
Please any comments is very much appreaciatted.
Looking forward to hear from anyone soon.
Thank you in advance.

Singapore Property Search

 

mas6zd
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Post by mas6zd » Wed, 26 Sep 2007 10:11 pm

Drop agent.

12mo lease should be 1mo Good Faith Deposit for first month, and 1mo real deposit that you get at end of lease.

Also S$2500 or more means ll pays all commission.

Check out the iea website - google iea singapore - and look at the commission schedule under "Professional Fee."

Good luck.

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