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.

In situation of one year’s lease transacted, it is a standard practice that the Tenant will pay finder’s fee his realtor. This is equivalent to half month rental equivalent.