Hi Ms Ang,
I am afraid the generic understanding is wrong although it works out to be correct if tenure of rental works out to be 1 or 2 years.
The general charges a salesperson is half month worth of rental fees for lease 1 year and below and 1 month worth of rental fees for leases 2 years and below. GST maybe applicable if the agency the salesperson represent is GST registered. I have recently closed a fair bit of rental therefore if you are looking for assistance in a rental transaction, perhaps I can assist?
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Geryl LIM
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