ESTATE AGENCY FEES

1.Sale or Purchase

  1. Land and Buldings
    A maximum of 3% of the sale price of the property
  2. Chattels including Plant and Machinery - 10% of the proceeds
    The above scale applies to any sale or purchase by way of private treaty, tender or any other mode of disposal or acquisition.
    For Sales and Marketing of projects by registered estate agents the fees is to be agreed between the estate agent and the client.
    The above scale of fees shall not apply to the sale of foreign properties in Malaysia or sales of Malaysian properties in foreign countries.

2.Lettings

Up to 3 years 1.25 months gross rental
Exceeding 3 years up to 4 years   1.50 months gross rental
Exceeding 4 years up to 5 years    1.75 months gross rental
Exceeding 5 years     1.75 months gross rental
Exceeding 5 years (without option for renewal)     1.75 months gross rental
Exceeding 5 years (with option for renewal) 1.75 months gross rental plus 0.25 months rental for every additional year

Minimum fee: As above, subject to a minimum fee of 1 month rental.

For tenancies less than one year, the fee may be calculated on a pro rata basis. The above scale shall not apply to serviced offices/apartments or any other premises of similar nature.

3.Rent Reviews - 50 % of the fees chargeable under lettings
4.Additional Claims
In addition to the fees stated in items 1 to 3, claims may be made for:

  1. The cost of printing, plans, copies of documents, lithography, travelling (only where the distance between the estate agent's office and the property is more than 40 km) and other expenses actually incurred;
  2. The cost of media advertisements, signboards, brochures and other promotional material.
  3. Note : The above additional claims may not be incurred by the registered estate agent without prior concurrence of the client.

     

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