Commission
Landlords in Singapore pay a commission of one month’s rental equivalent to his representative upon a successful transaction.
However, it is a standard practice that for rental below $4000, landlord’s rep will opt not want to share this commission taking into consideration of the marketing costs incurred. In this case, the tenant would have to pay his realtor’s commission as a finder’s fee. For lease below S$4000/month, Tenant would have to pay his realtor’s commission. For one year’s lease, it would be half month rental equivalent OR a minimum fee that agreed by the realtor before commencing the work. For Two years’ lease, it would be the equivalent of one month’s rent.
