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5 Steps process of renting a house in Malaysia
What is the process of renting a house in Malaysia?
STEP 1 - Appoint an official Real Estate Agent or Real Estate Negotiator
- Real Estate Agent - REA
- Real Estate Negotiator - REN
- Probationary Estate Agent - PEA
TIPS: Get their name card and check their details to match with registered license online on LPPH website - https://search.lppeh.gov.my/
STEP 2 - Arrange viewing and provide details of your requirements
- Location
- Built - up (Sq.ft)
- Bedrooms & Bathrooms
- Carpark
- Budget (RM)
- Years of lease (1,2 or 3)
- Others (Near to supermarket, shopping mall and etc)
STEP 3 - Sign Letter of Offer (LOO) and Pay Earnest Deposit (1 month)
STEP 4 - Sign Tenancy Agreement and Pay
- Security Deposit (Usually 2 months)
- Utility (Half month)
- Stamp Duty
STEP 5 - Decide on MOVE IN DATE and check house condition
Question
- Who pays the agent fees? The landlord will pay the agent fees. It will be 1 month of the rental fee (earnest deposit).
- Depends on the complexity of the rental unit to rent out, landlord might increase incentives to rent out the place fast with more %.