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Renting Property

Malaysia - Renting Property



It is relatively cheap to rent a house or apartment in Malaysia, except in central Kuala Lumpur where rental prices are higher. A wide range of properties is available, including large detached houses (known as bungalows), semi-detached and terraced houses, and apartments and condominiums. Condominiums are a popular choice among expatriates as they offer good security and a wide range of facilities often including a swimming pool, gymnasium, playground and tennis courts (see Currency and Cost of Living section for typical KL rental prices).

Some of the most popular areas of Kuala Lumpur for expatriate residence include Kenny Hills, Damansara Heights, the city end of Jalan Ampang, Bukit Kiara, Ampang, Bangsar Baru and Taman Tun Dr. Ismail. Given the KL traffic congestion, it is important to choose a location carefully in relation to place of employment and, if needed, an international school.

Furnished, semi-furnished and unfurnished properties are all widely available for rent, and can be found via the real estate agents which are numerous in urban areas and advertise in the local or national press. Some expatriate websites also advertise rental properties in their classifieds sections. One point worthy of note is that unfurnished properties are often completely empty, without even kitchen units or a cooker. Leases are usually drawn up for yearly renewal.

The standard procedure for renting a property entails:

1. Signing a letter of offer and paying one month rent as an "Earnest Deposit".
2. Within 7 days, paying two months rent as a "Security Deposit", an amount in the region of RM1000 as a "Utility Deposit" (for electricity, power etc), stamp duties and disbursements.
3. Signing and retaining a stamped copy of the Tenancy Agreement.




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