Rental Agent's Comm

[viper1024768 0]

Hi

I like to enquire if the prospective tenant is represented by his own agent and the landlord represents himself, then is the landlord liable to pay any form of commission to the tenant's agent (is it a law or is it a general practise).

Note that the landlord is able to do all the required paperwork, stamping etc.

your comments and inputs please.

[Violet Jen 0]

since landlord representing himself, I don't think need to pay com to tenant agent

[donjoo24 0]

Hi

I like to enquire if the prospective tenant is represented by his own agent and the landlord represents himself, then is the landlord liable to pay any form of commission to the tenant's agent (is it a law or is it a general practise).

Note that the landlord is able to do all the required paperwork, stamping etc.

your comments and inputs please.

The landlord is not required to pay the tenant's agent commission as the agent is not respresenting the landlord at all.

Unless the agent did contact the landlord in the first place to view the property and the landlord had agree to pay the agent commission as well.If this is the case,the agent will have to do all the paper work for both sides.

[zirhk3355 1]

If the agent's services were not engaged by you, you are not liable to pay any commission. Period.

I would also like to add:

1. Letter of Intent (LOI) - By Tenant

2. Tenancy Agreement (TA) - By Landlord

3. Payment of Stamp Duty - By Tenant

4. Transfer of Utilities - By Tenant

The tenancy process is that the tenant would give you a LOI + 1 mth's rental to offer to rent your property, where you would reject/accept. If you accept, you take the money, sign on the LOI and revert with your TA. Immigration docs (work permit, employment pass, NRIC, etc) should be furnished at this point by the tenant for the landlord to check.

Once the TA is negotiated and signed, the tenant is pay you the remaining monies, proceed to stamp the TA with IRAS, pay the stamp duty and apply for transfer of utilities.

All above duties will be done by the respective agent who is representing the respective person; ie if tenant got agent, such agent will perform the tenant's duties, if landlord got agent, such agent will perform the landlord's duties. Of course, the party who does not have agent will perform their OWN duties himself/herself.

Thus coming back to your case, since your tenant got an agent, ask him/her to work! Help your tenant here, dun let the agent take commission for nothing and dun do the agent's work yourself also...

Good luck!

[viper1024768 0]

Hi thanks for all the inputs much appreciated!