Asked by Anonymous
what does 2 + 1 year rental mean? does agent charge fee for l rental renewal?
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1 Answer
2 + 1 year rental tenancy means 2 years fixed rental rate and one year option for the tenant to renew at a rental to be mutually agreed upon by both parties. If the Landlord wants the agent to negotiate with the existing tenant on the option to renew tenancy and rental, the agent is allowed to charge 50% of the one month's rental fee. If the Landlord decides to negotiate and deal with the existing tenant directly, then no services are rendered by the agent hence no fee is payable.
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JSJags ShahRepliedIf the agreement is of 2+2 years does that mean landlord can ask the tenant to vacant the place after 2years instead of 4?
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DDytan MgrReplied@David Wong Lai Kwong; If a 2 year contract plus optional one year is signed, tenant completed 2 year and took up the optional 1 year. Must the tenant complete the 1 optional year or tenant can provide notice during this period?
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David Wong Lai KwongReplied@Whizdude Hashim; If the tenancy is signed for 2 years without any termination clause in it then the Tenant has to fulfill and pay for the full 2 years rentals. Some tenancy clause allow the forfeiture of the 2 or 3 months security deposits only. So it is important to read the tenancy clearly before signing. -
WHWhizdude HashimRepliedIf a 2 year contract plus optional one year is signed, and after 15 months the tenant provide 3 months notice to terminate the agreement, will the tenant have to pay the full 2 years rental?
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JLJaime LiewRepliedis it that means terms we write 2 years with option renew 1 year? Or tenancy agreement write 3 years with 1 year option renew?