RENTAL OF REAL ESTATE
Being new to a country can be mind-blowing and having no idea where to start.
Real estate portals have plenty of properties listings and all is looking very good but there are just too many choices.
You may think that the journey of home search with these beautiful listings will be very exciting. BUT… the truth is, most of these are not genuine advertisements.
So be mindful and be ready.
Fortunately, the process of renting real estate in Malaysia is still very straight forward. The following is the chart depicting the practice of home search from our agents.
THE IDEAL PRACTICE OF HOME SEARCH
Get in touch with a realtor
Share your criteria
Sharing of listings and discussion on which real estate to view
Pay earnest deposit which is the one-month rental rate and sign offer letter
Confirming the right real estate for your stay
Pick up service and start with home search tour
Proceed to the preparation of Tenancy Agreement
Once all terms are agreed, proceed to sign the tenancy agreement and to pay the balance two-months deposit and half-a-month utility deposit
Move into your ideal real estate
The initial amount of money required for renting a property is as follow:
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Earnest deposit = 1 month of rental rate
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Security deposit = 2 months of rental rate
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Utility deposit = 0.5 month of rental rate
NOTE: Tenancy fee varies depends on the rental rate and the duration of the tenancy.
TOO COMPLICATED?
Get in touch with our real estate partner to simplify it further for you!