Many people has a misconception that in order for a unit to be rented out or vice-versa, you need a property or real estate agent. The truth is you can actually do it yourself. Well, in the past where Internet was not so widely used, to a certain extend, an agent is usually required to do the job due to the work involved.
What rental agents do?
1. The agent needs to publicize the intention of the landlord to rent out the apartments, flats, condominums or house with details and indicating the desired rental price on the papers.
2. Another agent who incidentally has ready tenants will try to contact the agent putting up the advertisement in the hope tmatch the deal.
3. The agent will then liaise with their clients, the landlord and the potential tenants to the apartment or the material real estate for a viewing session.
4. The agent representing the landlord would provide a standard copy of a tenancy agreement which terms and agreement clauses can be found anywhere on the Internet for both parties, the landlord and the tenant to entered into a tenancy agreement.
5. When the deal is done, the agent who represents the landlord will take his commission which is equivalent to half of a month's rental fee if the tenancy agreement last for 2 years, the commission will be equivalent to a month's rental fee. As for the agent representing the tenant, he will get the same amount from his client.
But, as Internet became more and more widely used, this has really in my opinion eliminated the need for an agent to get involved in sourcing for tenants or landlords. Tenants and landlords can placed their advertisements anywhere like Property Guru to indicate their intentions without the help from agents.
>>Read on for full report ...
What rental agents do?
1. The agent needs to publicize the intention of the landlord to rent out the apartments, flats, condominums or house with details and indicating the desired rental price on the papers.
2. Another agent who incidentally has ready tenants will try to contact the agent putting up the advertisement in the hope tmatch the deal.
3. The agent will then liaise with their clients, the landlord and the potential tenants to the apartment or the material real estate for a viewing session.
4. The agent representing the landlord would provide a standard copy of a tenancy agreement which terms and agreement clauses can be found anywhere on the Internet for both parties, the landlord and the tenant to entered into a tenancy agreement.
5. When the deal is done, the agent who represents the landlord will take his commission which is equivalent to half of a month's rental fee if the tenancy agreement last for 2 years, the commission will be equivalent to a month's rental fee. As for the agent representing the tenant, he will get the same amount from his client.
But, as Internet became more and more widely used, this has really in my opinion eliminated the need for an agent to get involved in sourcing for tenants or landlords. Tenants and landlords can placed their advertisements anywhere like Property Guru to indicate their intentions without the help from agents.
>>Read on for full report ...
