Absolute bollox (excuse my French) this is a complete lie, there are no official regulations concerning agent's fees, only guidelines.JayCee wrote:
1. (Not important here).
2. (Not important here)
3. Regards to the commission of the rental, according to new regulations, any rental of lesser den $3.5K monthly is bearable by both party as of 1st of May 2010.
Now this bit I am obviously not happy about. My girlfriend first viewed the place on 3rd May and we signed the tenancy agreement on the 4th, both these dates are after 1st May and no mention was made on either day of 'new regulations' around commissions. As far as I know, these commission regulations are not regulations at all as different agents seem to do different things.
I'm just going to tell the agent no chance we're not paying, get it from the landlord and if he won't pay then tough luck, one of the reasons we took the flat so quickly was because there were no fees, if we had to pay we would have looked at a few more and probably used my old agent who still does not charge fees for rents above 2500.
So I guess my question is - does anyone know anything about these 'new regulations' that supposedly came in on 1st May and are we legally obliged to pay anything?
Thanks a lot
Thank you very much for your reply, you are indeed a Saint sirSaint wrote:
Absolute bollox (excuse my French) this is a complete lie, there are no official regulations concerning agent's fees, only guidelines.
Anyway, commission has to be paid immediately upon execution of the TA by the Landlord and Tenant. I'm guessing the Landlord is now refusing to pay the Agent his fees so he's concocted this "new regulation" to try and get it out of you.
I would personally go back to the agent and advise him that you will be reporting him to his Company and the appropiate authorities.
Not quite BS. It should be in your tenancy agreement.AliciaCC wrote:when me and my roomies are planning to renew the contract with the landlord, the agent contacted us and told us "by law you have to pay the agent fee every time you renew your contract". we said: BULLSH*T!
did i mention that we paid the agent fee as 1 month rent? our rent is around 4 k. Because all of us were new to SG, we have no idea about that regulation at all by then....
Stomp him!JayCee wrote:Not sure if I have his NRIC but I certainly have proof that the cash was checked (it shows up on my bank statement) and the name to whom it was addressed. We'll give it a couple more days then will report it to the police as theft of our money by the agent, the landlord is on the verge of doing it anyway so we might aswell go down there with him.
As a warning to others, the agent's name is Ken Peh and he works for ERA (not Kenneth Peh of ERA as he is another agent there, this one is just Ken), I have a link to his main page on a property site with his picutre which I'm not allowed to post a link to here. If anyone wants to know who he is PM me
The are. They did. It's pretty safe to say that the concept of self-regulation isn't working. So, in fact just a few weeks back, the government announced a new set of rules that will make it that much more difficult for agents to "run amok" and get away with it.morenangpinay wrote:
i really hope the government does something about this...if its a big problem and too many people are encountering the same problems the government should step in.
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