What is the "standard" practice for rental renewal/extensions in Malaysia?
Is an extension letter sufficient? or a new tenancy agreement? And how much do agents charge?
Thanks guys!
What is the "standard" practice for rental renewal/extensions in Malaysia?
Is an extension letter sufficient? or a new tenancy agreement? And how much do agents charge?
Thanks guys!
I think owner and tenant can extend without going through agents anymore... provided both parties are in good terms. :^)
The existing tenancy agreement should mention about future rental extensions.
A new Tenancy Agreement should be drawn up cos the old agreement would be null & void.
Landlord is protected from non-payments, illegal usage of his premises, structural changes to his said property & most importantly a structured time frame of his term of stay for his tenant.
Tenants are protected from being given undue & unfair notice of termination from t landlord.
Registered agents can prepare the tenancy agreement & have it stamped. All preparation costs & necessary stamp duties are to be borne by the tenant renewing the tenancy term
@ShiyanLim thanks for sharing
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