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Hi, would like to check:
1) I'm renting out my hdb flat for 2 yrs, what is the market rate for agent fee?
2) shd the agent fee be paid full on first month when rental commence? Or can I paid first half during the first year & the second half comes next year?
3) what if the rental sudden stop, say half year later, due to unforeseen reasons, can agent fee be recovered?
4) is it safe to rent out unit to 3 confirmed tenants & subsequently the the existing tenant will look around to "add in" the balance? What I mean is for a 4-room flat, 9 persons to occupy but currently the potential tenant only have confirmed 3. He say will subsequently fill up the "gap".
5) what shd the agent or owner do to prevent defaulted rent & for the subsequent "added tenants"?
6) what action the agent carry out when there is default rental?
Thanks so much.....
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1 Answer

Hi,

Firstly, has your flat meet the MOP of 5 years and are you an SC household? If so, you can rent out whole unit.
Typical market rate for rental is
12mths lease - commision is 0.5mth rental + GST
24mths lease - comm is 1mth rental + GST.

Its pretty standard. Commission is payable when the tenancy begins and at point of tenant moving in.

Agents will do a professional job of qualifying the right tenants and draft up a legal Tenancy Agreement where all terms & conditions are set up properly. If its your 1st time renting out, I would suggest you work with a committed agent and someone you are comfortable with. Thanks and hope to assist further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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