Technically you are right but all the obligations I have seen so far of the tenants towards the agent upon the renewal were included to the TA. Formally I see no legal restriction for doing this as this is just a contract so you may design it the way to make some third party beneficial. Note, you typically define also some other duties owned to the external bodies (i.e. Stamping fee, property tax, insurance), all in the TA.beppi wrote:This depends not on the tenancy agreement (which is between you and the landlord), but the agent agreement (between the agent and you).
If the agent was engaged by you (not by the landlord), you should have such an agreement. If it states you have to pay some fee on renewal if the rent is below S$3500, you have to pay.
But if you didn't engage the agent, or if the agreement does not specify fees on renewal, you don't need to pay.
If in doubt, consult the Council of Estate Agents (CEA).
Your agent is talking out of his arse - the issue of rental price and thresholds has been discussed numerous times on here. I thought there was a genera consensus that it's purely a sales tactic and nothing more.nilamsmehta wrote:Hello,
We are trying to renew our lease for a year and I am receiving some dodgy information from my agent. I understand that if we only renew for 1 year the landlord will only pay half the commission which than needs to be split between both agents. My agent is saying that since this falls below $3500 it is the tenants responsibility to pay this. I have been researching online and with friends and I am not able to find anything about this. All my friends who renewed a year have not paid a dime. I did see if the rental price is below $2500 its the tenants responsibility but this is not the case as we are paying much more.
Any information you can share would be much appreciated. Thanks.
For argument sake .. "You do not need to pay the agent any commission at all during renewals unless it is explicitly stated in your TA"Anthony249 wrote:I work in real estate. You do not need to pay the agent any commission at all during renewals unless it is explicitly stated in your TA.
Nah, I am just doing a health check on my intelligence ... as well as the "AGENT'S" intelligence on how the wording is explainedsundaymorningstaple wrote:It's pretty clear if you ask me. Are you havin' a Friday moment?
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