Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
-
franchupe
- Newbie
![Newbie Newbie]()
- Posts: 7
- Joined: Sun, 20 Mar 2011 10:50 am
- Location: Singapore
-
Quote
-
0
login to like this post
Post
by franchupe » Mon, 21 Mar 2011 1:15 am
thx ecureilx. indeed, some law has recently changed prohibiting the agents to have a dual representation (tenant and landlord).
My agent is using this change to convince me to pay him a commision fee as my tenant agent. For info, i am willing to pay a rent over 3k and commit to a 2 year lease.
His point is that the new law prohibite him to get money from the landlord agent and can ONLY receive money from me, therefor i have to pay him.
is this true?
-
beppi
- Manager
![Manager Manager]()
- Posts: 1768
- Joined: Thu, 07 Sep 2006 11:15 am
- Location: Ahlongistan (O$P$)
-
Quote
-
0
login to like this post
Post
by beppi » Mon, 21 Mar 2011 9:58 am
You have to pay him if
- he told you beforehand what fees are due under which circumstances - and you agreed to this
- he found the place for you and did the arrangements (i.e. delivered the service you agreed to pay for)
- a rental agreement is signed
- he is a registered
property agent ("moonlighting" agents are no longer legal - check his credentials with the authorities)
There is no set fee level, so you can negotiate (even if he tells you not so).
-
Saint
- Director
![Director Director]()
- Posts: 3505
- Joined: Thu, 16 Jun 2005 5:19 pm
- Location: The Juban Stand, Boat Quay
-
Contact:
-
Quote
-
0
login to like this post
Post
by Saint » Tue, 22 Mar 2011 9:48 am
franchupe wrote:thx ecureilx. indeed, some law has recently changed prohibiting the agents to have a dual representation (tenant and landlord).
My agent is using this change to convince me to pay him a commision fee as my tenant agent. For info, i am willing to pay a rent over 3k and commit to a 2 year lease.
His point is that the new law prohibite him to get money from the landlord agent and can ONLY receive money from me, therefor i have to pay him.
is this true?
Did you sign an Estate Agency Agreement for lease of residential
property by a tenant as perscibed by the CEA under the Estate Agents Act 2010?
http://www.cea.gov.sg/cea/content/binar ... Tenant.pdf
Your "Agent" can really complain if he/she didn't follow the correct procedures by either getting a signed agreement from either the Landlord or the Tenant as it's been in place since the beginning of 2011
-
franchupe
- Newbie
![Newbie Newbie]()
- Posts: 7
- Joined: Sun, 20 Mar 2011 10:50 am
- Location: Singapore
-
Quote
-
0
login to like this post
Post
by franchupe » Tue, 22 Mar 2011 11:24 am
thank you Saint and beppi,
this is great feedback. no i did not sign anything.
the agent did help me by arraging a few viewing but i have not found yet what i am looking for.
thx again.
-
-
Renting apartment from company from Virgin Islands
Replies: 3
First post
Asking on behalf of a friend, is it safe as jurisdiction might fall under the Virgin Islands? And getting deposits back might be difficult since...
Last post
Asking on behalf of a friend, is it safe as jurisdiction might fall under the Virgin Islands? And getting deposits back might be difficult since...
- 3 Replies
- 3455 Views
-
Last post by Lisafuller
Sun, 14 Jul 2024 6:04 am
-
-
Problem paying Unsecured Loans
Replies: 2
First post
Hi , i have read many threads about outstanding loans here in singapore
I was singapore PR from 2005-2017, in 2017 i moved back to my country.. then...
Last post
Actually Michael MAS is extending that (with some conditions around part payment) to June 2021 I believe. However a giant freaking caveat - your...
- 2 Replies
- 17649 Views
-
Last post by PNGMK
Mon, 12 Oct 2020 11:47 am
-
-
- 2 Replies
- 14903 Views
-
Last post by kenny666
Wed, 04 Jun 2025 4:30 am
-
-
Is SRS investment worth if Employer paying the equivalent contribution
Replies: 4
First post
Hi Friends
I need your inputs.my Singapore based employer has given the optional program for employees to join SRS.
If employee join SRS then he...
Last post
What is WP?
Unless your employer is contributing, SRS as a tax favorable scheme is not super compelling to foreigners who have the discipline and...
- 4 Replies
- 4730 Views
-
Last post by malcontent
Tue, 03 Dec 2024 10:38 am
-
-
Rent and school fees included in salary?
Replies: 6
First post
Possible that the company offers a salary inclusive of rental and school fees? What are the advantages or disadvantages, I just think it's rare?
Last post
MD - correct but OP should be aware that these arrangements are important for country of origin tax - I'm thinking of Americans in particular. You...
- 6 Replies
- 5800 Views
-
Last post by PNGMK
Sat, 02 Jan 2021 5:16 pm
Users browsing this forum: No registered users and 0 guests