Tuesday, August 25, 2009

Monetary requirements from Tenants

I was asked by a prospective tenant the amount of money she should pay to secure a property (for rental).

The standard practise in Malaysia is:

1 Month advance Rental payable as earnest deposit to book the place
2 Months security deposit upon signing the Tenancy Agreement
0.5 Months utility deposit at the time of signing of Tenancy Agreement.

Upon the termination of the tenancy, these deposits will be returned, less damages or utilities not paid.

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