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Enacted in the 7th Schedule of the Rules of the Board of Valuers, Appraisers And Estate Agents Act, 1981: -
Sale & Purchase (1)
(a) Land & Buildings
(i) 2.75% on the first RM500,000
(ii) 2% on the residue over RM500,000
(b) Chattles including Plant and Machinery
10% of the proceeds
Minimum Fee: Subject to a maximum discount of 30% if the sale price exceeds RM20 million.
Lettings (2)
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| Duration of Tenancy |
Maximum Fee |
| Up to 2 years |
1.25 months rental |
| Exceeding 2 years up to 3 years |
1.50 months rental |
| Exceeding 3 years up to 4 years |
1.75 months rental |
| Exceeding 4 years (option to renew) |
1.75 months rental |
| Exceeding 4 years (without option to renew) |
1.75 months rental plus
0.25 months rental for
every additional year |
Rent Reviews (3)
50% of the fees chargeable under lettings
Additional Claims (4)
In addition to the fees stated in items 1 to 3, claims may be made for: -
(a) The cost of printing, plans, copies of documents, lithography, travelling (only where the distance between the estate agent's offices and the property is more than 40 km and other expenses actually incurred;
(b) The cost of media advertisements, signboards, brochures and other promotional material.
Note: The above additional claims are within the consent of the client.
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