5 Answers

Geryl Lim
Hi Jason, It is quite subjective therefore I believe it will be good to check with your legal representatives instead if real estate professionals. One point I would like to ask is if you will proceed with purchasing this property if it had been made known upfront to you that commission is payable upon the renewal of tenancy? Come to think of it, wouldn't all salespersons who secured the rental transaction be at the losing end when units are being sold with tenancy? The hard work put into marketing the property for existing rental and having an agreement to be paid during renewal is also significant. If this unit you have purchased was sold to you on vacant possession and you have to seek the salesperson help to market the property for rent, you would also be paying out commission. Worse case will be having the unit vacant for a couple of months during the marketing process. No hard feelings please, as I am purely stating out the feelings of a salesperson who has put in efforts to carry out his professionalism should not be shortchanged and does not reflect that you should be paying. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565/+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. I would like to thank more than 120 of you who have took out your precious time in attending the original Landed Homes Sales Exhibition on 7 & 8 September. 1 unit was sold with 4 units reserved over this 2 day event. Do look forward to our next edition. Register with me if you are keen. Read More

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Eric 李清海 Lee
i will encourage anyone especially amongst RES to complaint to CEA. I believe that there are avenues for a better resolution.. www.cobrokesystem.info Read More

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Aaron Chong
Hi Jason There is no case here and you do not need to pay at all. Do consult your lawyer or contact CEA if you still have any doubt. Regards Aaron 9730 8455 aaronchong2774@yahoo.com.sg Read More

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Geryl Lim
Hi Jason, Think of it, if the existing tenant decides not to renew the lease, would you be moving into the unit and rent out/sell your existing place or seek new tenant for your purchased unit? Under both circumstances, perhaps you may also be paying out service fees therefore in this scenario, although the renewal was done by without the notice of the salesperson 3 months before renewal, you do have a case. However, it will be good to read the tenancy agreement to check when should the renewal intentions be made as my understanding is that it should be done 2 months before the expiry, therefore it could be a reason why the existing salesperson was not there when renewal was done. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565/+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. I would like to thank more than 120 of you who have took out your precious time in attending the original Landed Homes Sales Exhibition on 7 & 8 September. 1 unit was sold with 4 units reserved over this 2 day event. Do look forward to our next edition. Register with me if you are keen. Read More

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Steven Chua
Hi Mr Ang , I suggest you re-examine the previous tenancy agreement and ensure that there is no reference to a service fee to be paid upon renewal. Generally, an existing TA survives a change of ownership otherwise your lawyer would have advised you to sign a new TA with the tenant when you took over ownership of the property. Best Regards Steven Chua Mobile : 81883133 Read More

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