Hello AL, you must insist that the tenant show you the certificate of stamp. There is a website to verify the authenticity of the certificate. estamping.iras.gov.sg/WebForms/Home.aspx And yes, IRAS will come after you, if the stamp duty is not carried out, it must be done within 14 days of your signing, if a late penalty is not imposed. A variable rent lease is a contract for which the rent varies during the rental period. Position is the main factor when estimating the value of buffer paper. The duration of the agreement also plays a role. Stamp duty on short- and long-term leases varies from state to state. In addition, your annual rent is also a factor, especially in commercial leases. You should inform your tenant if you decide to sell your rented property. If no new agreement is reached between your tenant and the new owner of the property, the terms of the existing lease will continue to apply. Don`t forget to clarify with the tenant and the new landlord the responsibility for the repayment of the deposit to the tenant. Under the Landlords and Tenants Regulations (consolidation decree), your tenancy agreement means that the tenant must pay the rent on the due date and that the tenancy agreement is cancelled after non-payment for 15 days in the absence of an explicit agreement on the payment of the rent.

Subject to the terms of your tenancy agreement, you and your tenant may be responsible for government rates and rents. The ratings and evaluation department and the Lands department offer a number of online services to facilitate payment. totally misleading. For rents, the tenants are the ones who pay stamp duty! Leases of one year or more must be registered. For contracts of less than one year, only stamp duty applies, while registration is not mandatory. Stamp duty on leases must be paid on the basis of contract or market rent, depending on the higher amount, at rent tax rates. However, initial expenses, such as advertising, legal fees, stamp duty and commissions for real estate agents, are not deductible. These expenses are necessary to create a source of rental income and not be generated by the production of rental income. Legal fees for a lease of more than 3 years: RM1 for each RM250 of the annual rent of RM2.400.

Stamp duty is free if the annual rent is less than RM2,400. Understand the formula, how Stamping Fee is calculated for rent inside Malaysia by reading our article here.