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Standard Procedure for Buy or Rent Property

Purchasing a Property In Malaysia

Pay 3% of purchase price as earnest deposit (Sign letter or offer).
Pay 7% or purchase price 14 days later (Sign Sale & Purchase Agreement).
Pay 90% of purchase price 3+1 month later.On the acquisition of real

properties by foreign interests Foreigners purchasing properties in Malaysia are subject to FIC (Foreign Investment Committee) approval. For more details, please call the FIC at 03-8888 2929 www.epu.jpm.my

Professional Fee:
Rule 48 (a) of the VALUERS, APPRAISERS AND ESTATE AGENT RULES 1986, provide: The scale of Fees to be charged by registered agents for their professional services for the Sale & Purchase of Land and Buildings shall be:
a) 2.75% on the first RM 500,000.00
b) 2% on the residue over RM 500,000.00

Residential Renting a Property In Malaysia

Pay 1 month Rent as earnest deposit (Sign letter of offer)
Pay in 7 days
2 months rental as security deposit.
1/2 month as utility deposit.
Stamp Duty and disbursement (Sign Tenancy Agreement)

Commercial Renting a Property In Malaysia

Pay 1 month Rent as earnest deposit (Sign letter of offer)
Pay in 7 days
3 months rental as security deposit.
1 month as utility deposit.
Stamp Duty and disbursement (Sign Tenancy Agreement)

Professional Fee:
Our professional fee is equivalent to 1 month’s rental plus 5% Government Service Tax, payable by the Landlord.

One Response to “Standard Procedure for Buy or Rent Property”

  • Tan says:

    Hello! I am a tenant. Where can I verify the above information on standard rental on the commercial property?

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