Local property market in Kuala Lumpur



After agreeing to the terms and conditions, you are usually required to pay one month’s rent as a deposit when you sign the letter of offer. This will normally be used as the deposit for the first month. Within a week, a further two months’ rental will be collected as “security deposit” and another half month’s rent as “utility deposit.” The money will be held by the landlord until the lease expires. The amount returned will be less the cost of any damages made to the premises and any unpaid utilities incurred by the tenant.

Most leases are renewable yearly. The agency fees will be paid for by the landlord. The tenant, however, is responsible for paying their own utility costs. If you are planning to be in Kuala Lumpur for a few years, you might want to consider purchasing property as it could be a good medium to long-term investment.



Home Search Services in Malaysia in Kuala Lumpur

Leave it to the professionals to find a place that meets your budget and preferences. They know the city best.

Enquire Now!


Continue reading:

Buying Property in Malaysia