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Professional Fees: Real Estate Agency |
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| 1. Sale or Purchase
(a) Land and Buildings
(b) Fees for other services such as joint venture, sale of company, property swaps etc
(c) Chattels including Plant and Machinery
Minimum Fee:
Subject to a minimum fee of RM1,000 per property.
The above scale applies to any sale or purchase by way of
private treaty, tender or any other mode of disposal or acquisition.
For sale and marketing of projects by registered estate agents,
the fees are to be agreed between the estate agent and client.
The above scale of fees shall not apply to the sale of foreign
properties in Malaysia or sale of Malaysian properties in
foreign countries.
2. Lettings
| Duration
of Tenancy |
Maximum
Fee (equivalent to) |
|
Up
to 3 years |
1.25
months gross rental |
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Exceeding
3 years up to 4 years |
1.50
months gross rental |
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Exceeding
4 years up to 5 years |
1.75
months gross rental |
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Exceeding
5 years (with option for renewal) |
1.75
months gross rental |
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Exceeding
5 years (without option for renewal) |
1.75
months gross rental plus 0.25 months gross rental for
every additional year |
Minimum Fee:
Subject to a minimum fee of 1 month rental.
For tenancies less than one year, the fee may be calculated
on pro rata basis.
The above scale shall not apply to serviced offices or apartments
or any other premises of a 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 -
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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;
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the cost of media advertisements,
signboards, brochures and other promotional material.
NOTE:
The above additional claims may not be incurred by the registered estate agent without prior concurrence to the client. |
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