9 Simple Steps to Renting a House in Malaysia
Make renting a house in Malaysia hassle-free! Our 9-step guide has got you covered!
Step 1: Determine your budget and furnishing preference
Consider your financial situation and decide how much you can allocate to rent. Choose between fully furnished, partly furnished, or unfurnished options, weighing factors like cost, convenience, and personal preference to make the best decision. In general, rental properties in Malaysia can be classified into the following three categories based on the availability of furniture, furnishings, and appliances. Choose the option that suits your needs and budget best, whether it’s a fully furnished space for a hassle-free experience, a partially furnished unit for flexibility, or an unfurnished unit for personalization.
I. Fully-Furnished Units:
These are living spaces that come fully equipped with everything you need for a comfortable stay. From furniture like beds and sofas to appliances like kitchen gadgets and entertainment systems, you’ll find everything ready to use. It’s great for those who want a hassle-free move-in or temporary living arrangement. Just bring your bags and you’re all set! Keep in mind that fully furnished units tend to be more expensive in terms of rent.
II. Party-Furnished Units:
These units are partially furnished and come with additional items like air conditioning units, refrigerators, curtains, and carpets. They offer a balance between affordability and convenience. You can personalize the space by adding furniture according to your preferences and needs. It’s a flexible option that allows you to make it your own!
III. Unfurnished Units:
If you prefer to create your own unique living environment, unfurnished units are for you. They provide a blank canvas where you can bring in your own furniture and style the space to reflect your personality. Unfurnished units are typically more budget-friendly, but keep in mind that you’ll need to purchase furniture or bring it from your previous home.
Step 2: Research Locations
Explore different areas in Malaysia to find the ideal location for your new home.
Step 3: Property Hunting
Hiring an experienced real estate agent is essential to secure the best possible terms and safeguard your interests when renting a house. In Malaysia, it is customary for real estate agents assisting with rental property searches to charge a commission fee equivalent to one month’s rent. Alternatively, you can independently search for rental properties through online listings or property platforms.
Step 4: Property Viewing
Schedule viewings of potential houses to assess their suitability and condition. During house viewings, carefully assess the interior condition, including ventilation, lighting, furniture functionality, and signs of damage or leaks. Discuss rent, rules, and repair responsibilities with the homeowner or agent. Don’t rush; compare options to make an informed decision.
Step 5: Application Process
Prepare the necessary documents and complete rental applications for your desired property.
I. Letter of Offer and Deposit: Finalize the rental process by signing the Letter of Offer and making the earnest deposit. After the agreement, the tenant and landlord sign a Letter of Offer to Rent and the tenant pays the earnest deposit. Deposit equals one month’s rent, reserving property until the lease agreement is signed. The reservation period is typically 7-14 working days. Deposit applied to first month’s rent when lease takes effect. Tenant must review terms and conditions, especially regarding deposit forfeiture. Protect tenants’ rights and interests.
II. Tenancy Agreement:
Tenant signs the Tenancy Agreement within 7-14 days after paying the earnest deposit. This legally binding contract is customized to meet rental requirements, with legal fees shared by both parties. Review and sign the tenancy agreement, ensuring you understand the terms and conditions.
III. After signing the contract, tenants pay stamp duty and documentation fees to the agent for stamping the Tenancy Agreement at LHDN. Landlords collect a security deposit (2 month’s rent) and a utility deposit (0.5 months’ rent). The security deposit covers damages, while the utility deposit settles outstanding bills. If the tenant complies with the agreement, deposits are fully refunded. To avoid issues, tenants can open a separate utility account with the power company.
Key considerations for tenants before signing the contract:
1. Verify accurate tenant, landlord, and property details.
2. Understand lease duration, rent amount, and potential increases.
3. Clarify payment methods for monthly rent.
4. Know the conditions for deposit deductions by the landlord.
5. Be aware of legal responsibilities and obligations.
6. Familiarize yourself with residential regulations and dispute resolution options.
**Verify details, understand lease terms, payment methods, deposit deductions, legal responsibilities, and dispute resolution.
Step 8: Property Inspection
Conduct a thorough inspection of the property before moving in and document any existing damages.
Step 9 : Move in and Enjoy Your New Home
Coordinate with the landlord or agent for the key handover and begin settling into your rented house!
If you’re interested in exploring Desa ParkCity properties, DPC Homes offer a range of properties for sale and rent ranging from condominiums to landed properties. Contact us today to learn more or check out our Desa ParkCity property listings on our website. Make Desa ParkCity your new home today!
