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Scale Of Fees

1. PROPERTY MANAGEMENT

1.1  An Annual fee based on :
 
5.0% of the gross annual rent on the first RM 30,000.
3.0% of the gross annual rent on the residue up to RM 100,000.
2.0% of the gross annual rent on the residue over RM 100,000.
The expression ‘gross annual rent' means the rents reserved or deemed to be reserved by the lease or lettings plus any incidental receipts collected accounted for or both in the course of management.
The fee is applicable to each holding. The expression ‘holding’ as used here has the same meaning as defined in Section 2 of the Local Government Act 1976.
 
1.2  Minimum fee: As above, but may be subject to a maximum discount of 30% and a minimum fee of RM50 per month.
 
1.3  In addition to the above, claims may be made for:
1.3.1  The cost of printing, plans, copies of documents, lithography, travelling and other expenses actually incurred;
1.3.2  A fee of RM 150 per hour or RM 800 per working day of 8 hours for negotiations, attendance at meetings with solicitors, consultants or authorities;  
1.3.3  A fee of RM 200 per hour or RM 1,000 per working day of 8 hours for giving evidence before judicial bodies.

Note : The fees stated in items 1.3.2 and 1.3.3 are chargeable for actual appearance at meetings or before judicial bodies. In the case of postponements, adjournments, etc. (where less than 24 hours notice is given), a minimum fee of RM 400 is chargeable if the meeting or judicial appearance is in the same town/city as the location of the practice and a minimum of RM 800 is chargeable if the meeting or judicial appearance is outside the location of the practice.

2.    VALUATION

2.1 

 

Fee for other capital valuation/rating valuation services based on an “Improved Value” basis.

1/4 % on the first RM 100,000.
1/5 % on the residue up to RM 2 million.
1/6 % on the residue up to RM 7 million.
1/8 % on the residue up to RM 15 million.
1/10 % on the residue up to RM 50 million.
1/15% on the residue up RM 200 million.
1/20% on the residue up to RM 500 million.
1/25% on the residue over RM 500 million.

Minimum Fee : As above, subject to a minimum fee of RM400 per property.

 

2.2 

Fee for capital valuation for submission to Securities Commission, the  Central Bank of Malaysia and plant and machinery valuation services.

3/8 % on the first RM 100,000.
3/10 % on the residue up to RM 2 million.
1/4 % on the residue up to RM 7 million.
3/16 % on the residue up to RM 15 million.
3/20 % on the residue up to RM 50 million.
1/10% on the residue up to RM 200 million.
1/15% on the residue up to RM 500 million.
1/20% on the residue over RM 500 million.

Minimum Fee : As above, subject to a minumum fee of RM2,000 per property.

2.3 

Fee for rental and rating valuation services.

7 % on the first RM 6,000 of annual rental
4 % on the next RM 12,000 of annual rental
3 % on the next RM 24,000 of annual rental 
2.5 % on the next RM 120,000 of annual rental 
1.5 % on the next RM 838,000 of annual rental
1 % on the residue over RM 1,000,000 of annual rental

Minimum Fee : As above, subject to a minumum fee of RM400 per property.

2.4 

Fee for mass valuation services for local authorities.

RM45 per holding for the first 30,000 holdings
RM40 per holding for the next 20,000 holdings
RM35 per holding for the balance

The above fee is inclusive of all costs, except for the additional claims for attedance at objection meetings and judicial hearings.

 

3. ESTATE AGENCY

3.1  Sale or Purchase - Land and Buildings
 
Maximum fee of 3% 
3.2

Fees for other services such as joint venture, sale of company, property swaps, etc

Maximum fee of 3%
3.3  Chattels including Plant and Machinery
- 10% of the proceeds.
 
Note : 

Minimum fee : As above, subject to a  minimum fee shall be RM1,000 per property.

The above scale applies to any sale or purchase by way of private treaty, tender or any other mode of disposal or acquisition.

For Sale and Marketing of projects by registered estate agents, the fees are to be agreed between the estate agent and the client.

The above scale of fees shall not apply to the sale of foreign properties in Malaysia or sale of Malaysian properties in foreign countries.

 
 
3.3 Lettings
 
Duration of Tenancy Maximum (Fee equivalent too)
Up to 3 years 1.25 months gross rental.
Exceeding 3 years up to 4 years 1.50 months gross rental.
Exceeding 4 years up to 5 years 1.75 months gross rental.
Exceeding 5 years 1.75 months gross rental.
Exceeding 5 years 
(without option for renewal)		 1.75 months gross rental.
Exceeding 5 years
(with option for renewal)		 1.75 months gross rental plus
0.25 months rental for every additional year.
3.4  Rent Review
- 50% of the fees chargeable under lettings.
 
3.5  Additional Claims
In addition to the fees stated in items 3.1 to 3.4, claims may be made for:
3.5.1   the cost of printing, plans, copies of documents, lithography, travelling (only where the distance between the estate agent’s office and the property is more than 40 km) and other expenses actually incurred.
3.5.2  the cost of media advertisements, signboards, brochures and other promotional material.

Note : The above additional claims may not be incurred by the registered estate agent without prior concurrence of the client.
 

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