2 Answers

Steven Wang
IF you run a business, say for new customer, you charge 50 pct discount.

If a customer sign up with you and enjoy 50 pct discount, and 2 years later, instead of Continuing without discount, he chooses to 'close' the contract, wait a week and sign up again as NEW Customer just to gain 50 pct discount.

as a business owner, this is your bread and butter. Will you be happy if your client 'cheats' ? Read More

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Geryl Lim
Dear Dan,

The service fees payable to a salesperson during tenancy renewal is very common. I would strongly encourage you to honour the agreement which you have signed with your salesperson for the tenancy.

I had this case where landlord wasn't keen in paying any fees for renewal, which I have also indicated that if such a fees is not paid during renewal, I will not take on the assignment. In the end, we negotiated and came to a conclusion before concluding a transaction. The upfront agreement is made and expectations managed therefore there is no hard feelings even if there is no deal to conclude because we were being upfront with each other.

No matter how big or small the amount maybe to be paid during renewal, if you do not have the intentions to pay, you should not have signed on the agreement in the first place. I suppose integrity is more important and how would you feel if you are on the receiving end? I seriously do not think it will be nice to exploit loopholes if the salesperson has done his or her job, which secured you the tenants in the first place and having the tenants renew the tenancy. Just imagine if these tenants decides to move out, you will be left to look for a new group of tenant, which may take more than a month on top of the service fees payable again. Who is to lose out in the end?

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Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
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Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com

M.O.R.E Landed Dynamic Alliance
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!

Enjoy Your Golden Years With Investment From As Little As $30k! A Seminar specially for you this weekend, 10th and 11th January 2015 at Grand Corpthorne Waterfront Hotel. Seminar conducted in 2 languages (1pm in Mandarin and 330pm in English).
Find out more about the challenges faced during retirement and the new retirement planning trend. How to make your money work for you? RSVP Geryl at +65-81577565 or geryl7772@gmail.com Read More

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