I am concern about the lack of knowledge in such situation. It is in your interest to engage or retain the services of your salesperson who brokered the existing rental to look into this renewal process as he or she will then be able to protect you interest better. Indeed, the commissions may not be a small amount of money, however, in order to look after your interest in the ongoing rental, I think this could be money well spent.
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If there's an existing agent that had helped you on the lease months or years back, it will be your best interest to engage him/her back. There may be some knowledge that you may be lacking. The tenant's agent will always act in the interest of the tenant, if any. Likewise, a trusted partner will always look out for you.
Hope this helps!
John Tan YS
ERA Realty Network Pte Ltd
+65 9633 8431
First of all, you should engage the agent back as he/ she will protect your interest and advice you based on their expertise as the unit is continuing to be tenanted and it will be of your at the best of your own personal interest to have an agent side by side with you to handle any upcoming problem that may be faced when your tenant hands the unit back to you.
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