Estate agency fee
Sale or purchase1 | : |
Land and buildings
Fees for other services such as joint venture, sale of company, property swaps, etc.
Chattels including Plant & Machinery
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Lettings | : | Duration of tenancy | Maximum fee | |
Up to 3 years | - 1.25 months gross rental | |||
Exceeding 3 years up to 4 years | - 1.5 months gross rental | |||
Exceeding 4 years up to 5 years | - 1.75 months gross rental | |||
Exceeding 5 years (without renewal option) | - 1.75 months rental | |||
Exceeding 5 years (with renewal option) | - 1.75 months rental plus 0.25 month rental for every additional year |
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Rent reviews | : | 50% of the fees chargeable under lettings |
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Additional claims | : |
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 The cost of media advertisements, signboards, brochures and other promotional material The above additional claims may not be incurred by the registered agent without the prior concurrence of the client. |
Note:
The fee may be 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 the 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; and