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Where To Pay Stamp Duty For Tenancy Agreement

You can search for a tenant on your own or appoint a licensed real estate agent to take over the rental of your property. In both cases, you must provide your potential customer with specific characteristic information before entering into a lease agreement. If you decide to hire an agent, you should settle with him or his engagement details, such as the amount of the commission and the date of payment before signing the contract of the real estate agency. Hello AL, you must insist that the tenant show you the certificate of stamp. There is a website to verify the authenticity of the certificate. And yes, IRAS will come after you, if the stamp duty is not carried out, it must be done within 14 days of your signing, if a late penalty is not imposed. As in this example (rental of 1,700 RM per month), the final stamp duty is as follows: 15 months of rent with a rental period of 3 months, January 2020 – March 31, 2021 You must complete the E1A form of the IRAS website ( and submit it by an IRAS officer. As noted above, the legal fee for a lease is standardized in Malaysia. In the event of a delay of 3 months, a fine of USD 10 or an amount equal to the tax payable, the higher it is, is imposed. A fixed-rent rental agreement is a rent for which a fixed rent is agreed in advance for the entire rental period. Stamp duty on fixed rent depends on rent tax rates. However, hiring a lawyer can be expensive.

As a result, landlords may decide to design their contract and ask the tenant to accept it. In order for the lease to be legal and admissible in court, it must be stamped by LHDN. There are also administration fees that go to the real estate agency or the owner. Two application forms, SDP 1 and PDS 49 (A), must be submitted to the nearest LHDN branch. For leases, the tenant is required to pay stamp duty. The tenant can also ask his agent (if any) to support him if he is not familiar with the process. Correct at the time of publication. The views and opinions expressed here are those of each contributor and do not necessarily reflect the views of Chancellors Group of Estate Agents Ltd or its subsidiaries. References to legislation, good practice and other issues with legal implications, such as royalties, rules and processes, are included only for information and drafting purposes and are not determinative and should not be construed as advice. If in doubt, you should only consult a professional or a lawyer if in doubt. It`s an E.E.

For landlords, it is a common concern to ask whether their tenants have paid their stamp duty in the tenancy agreement. Freight no, there is a way to find out if it is on the IRAS website. All you need is to get the reference number for the document and the stamp certificate. The calculation here is simpler. As the previous example of the monthly rm1.700 rental, the administration fee is 150 RM. Therefore, the total amount to be paid for a lease of one year or less (stamp duty and administrative fees): (RM82 RM150) – RM232.