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Fair to all
Guest
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 01 Jan 08 1:00 pm |
| You need to get stamp duty done which is paid by the tenant. You can do that without going through a lawyer but it is advisable to get a lawyer to draft the contract. You can also engage an agent for a fee to do the paperwork. A tenancy agreement is a contract between landlord and tenant whereas stamp duty is paying tax to the government. |
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Guest
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01 Jan 08 1:29 pm |
way to go!!
if any other owners are looking for tenants in bedok south or chai chee, please sound me.
thanks |
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Guest
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01 Jan 08 4:02 pm |
| Fair to all wrote: | | You need to get stamp duty done which is paid by the tenant. You can do that without going through a lawyer but it is advisable to get a lawyer to draft the contract. You can also engage an agent for a fee to do the paperwork. A tenancy agreement is a contract between landlord and tenant whereas stamp duty is paying tax to the government. |
good advise from an agent.
tenants n landlord must remember not all agents are bad.
thx |
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macqueen
Joined: 28 Nov 2007
Posts: 70
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01 Jan 08 5:12 pm |
| Why are owners & tenants asking agents advise if you all think that you don't need agent? |
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Guest
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01 Jan 08 5:31 pm |
| Fair to all wrote: | | You need to get stamp duty done which is paid by the tenant. You can do that without going through a lawyer but it is advisable to get a lawyer to draft the contract. You can also engage an agent for a fee to do the paperwork. A tenancy agreement is a contract between landlord and tenant whereas stamp duty is paying tax to the government. |
Thanks !
Even when we engage an agent, we still need to know what is needed and what is not needed. Like my colleague, even though she engage an agent, she doesn't know that HDB approval is needed when she rented out her whole flat ! |
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moonfairy
Joined: 01 Jan 2008
Posts: 4
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01 Jan 08 7:55 pm |
The above post is by moonfairy. I forgot to login.
By the way, my colleague signed a one year lease, but paid the agent one month rental as commission. The norm should be half a month, right ? |
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Guest
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02 Jan 08 7:32 am |
moonfairy,
if u refer to www.IEA.gov.org; u'll see these guidelines:-
12 months lease and above = commission 1 month
less than 12 months lease = commission 1/2 month
U can try to negotiate with the agent on the commission depending on the service given to u prob. |
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moonfairy
Joined: 01 Jan 2008
Posts: 4
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04 Jan 08 9:13 am |
| OK. Thanks. |
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Guest
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22 Jan 08 9:54 pm |
| Guys..I got my place in Sengkang near Compassvale 324B to be exact without agent. I use my old contract and revised it a bit and showed it to the landlord who agreed to it. It is not a rigid as it gives both of us optionswhich is a 2 months notice if any of the party wish to terminate. I am his 2nd tenant and the first which is an indian family stayed there for 4 years. The owner is a chinese family and from the 1.5k they are initally asking I got the 5room flat at 1.2k. It is really patience and use of friends. Dont panic....Just look at the market Asia wide due to US recession expectations. |
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