Donut Supercharged February 20, 2014 Share February 20, 2014 Say someone has a new commercial B2 light industrial unit, TOP soon. How does one go about looking for tenant? assuming without agents' involvement? is it possible for the owner to settle the tenancy? ↡ Advertisement Link to post Share on other sites More sharing options...
Cznoob 3rd Gear February 20, 2014 Share February 20, 2014 Advertise in the papers?? Link to post Share on other sites More sharing options...
Hotamp 3rd Gear February 20, 2014 Share February 20, 2014 Advertise in the papers?? i guess the normal route loh...newspapers, website. Link to post Share on other sites More sharing options...
Dafansu Turbocharged February 20, 2014 Share February 20, 2014 still need to draft tenancy agreement. I believe there would be a lot of paper work involved especially if its commercial property Link to post Share on other sites More sharing options...
Donut Supercharged February 20, 2014 Author Share February 20, 2014 still need to draft tenancy agreement. I believe there would be a lot of paper work involved especially if its commercial property ok, i guess through agents will be easier then. they should be able to settle the paperwork and advertisements. Link to post Share on other sites More sharing options...
OmOm 5th Gear February 20, 2014 Share February 20, 2014 Bro, it is highly possible for the owner to DIY and save on the agent fees (both for the first engagement and subsequent renewal fees). I have personally done that a few times before. Advertising for tenants in the classifieds had always sufficed for my needs in a reasonably good market. The downside of DIY is that you spend more time "screening" the potential tenants. However that can be considered a plus point since you get to meet the tenants personally before letting them use your unit. Most commercial tenants will renew at market rate once their original contracts expire so there won't be much issue of repeating this search every now and then. Also, if you wish, I can send you a copy of the standard tenancy agreement that I have in Word format so that you can make the necessary adjustments e.g. rental fee, address, etc. Last but not least, remember to ask the tenant to stamp the tenancy agreement with IRAS (they bear the fee). All the best! Say someone has a new commercial B2 light industrial unit, TOP soon. How does one go about looking for tenant? assuming without agents' involvement? is it possible for the owner to settle the tenancy? 1 Link to post Share on other sites More sharing options...
Donut Supercharged February 20, 2014 Author Share February 20, 2014 Bro, it is highly possible for the owner to DIY and save on the agent fees (both for the first engagement and subsequent renewal fees). I have personally done that a few times before. Advertising for tenants in the classifieds had always sufficed for my needs in a reasonably good market. The downside of DIY is that you spend more time "screening" the potential tenants. However that can be considered a plus point since you get to meet the tenants personally before letting them use your unit. Most commercial tenants will renew at market rate once their original contracts expire so there won't be much issue of repeating this search every now and then. Also, if you wish, I can send you a copy of the standard tenancy agreement that I have in Word format so that you can make the necessary adjustments e.g. rental fee, address, etc. Last but not least, remember to ask the tenant to stamp the tenancy agreement with IRAS (they bear the fee). All the best! thanks bro! I PM my email account to u. Link to post Share on other sites More sharing options...
OmOm 5th Gear February 20, 2014 Share February 20, 2014 Sent! thanks bro! I PM my email account to u. Link to post Share on other sites More sharing options...
Throttle2 Supersonic February 20, 2014 Share February 20, 2014 Steady lah Link to post Share on other sites More sharing options...
TJX Turbocharged February 20, 2014 Share February 20, 2014 Bro, it is highly possible for the owner to DIY and save on the agent fees (both for the first engagement and subsequent renewal fees). I have personally done that a few times before. Advertising for tenants in the classifieds had always sufficed for my needs in a reasonably good market. The downside of DIY is that you spend more time "screening" the potential tenants. However that can be considered a plus point since you get to meet the tenants personally before letting them use your unit. Most commercial tenants will renew at market rate once their original contracts expire so there won't be much issue of repeating this search every now and then. Also, if you wish, I can send you a copy of the standard tenancy agreement that I have in Word format so that you can make the necessary adjustments e.g. rental fee, address, etc. Last but not least, remember to ask the tenant to stamp the tenancy agreement with IRAS (they bear the fee). All the best! Any ideas what happens if the tenant did not stamp the agreement with iras? I usually ask my tenant to do it but I nvr ask for proof of receipt. Thanks. Link to post Share on other sites More sharing options...
Throttle2 Supersonic February 22, 2014 Share February 22, 2014 Any ideas what happens if the tenant did not stamp the agreement with iras? I usually ask my tenant to do it but I nvr ask for proof of receipt. Thanks. If not stamped, it cannot be used in court if any dispute..... Link to post Share on other sites More sharing options...
OmOm 5th Gear February 22, 2014 Share February 22, 2014 (edited) There will be penalties that will be imposed by IRAS in the event stamping of the tenancy agreement is not done or is carried out late. http://www.iras.gov.sg/irasHome/news.aspx?id=1024 Any ideas what happens if the tenant did not stamp the agreement with iras? I usually ask my tenant to do it but I nvr ask for proof of receipt. Thanks. Edited February 22, 2014 by OmOm Link to post Share on other sites More sharing options...
LoneCatFish 3rd Gear February 22, 2014 Share February 22, 2014 Just stamp it yourself and collect the fee from the tenant. Anyway, the stamp fee is only 200+ and you can do it online from home comfortably. Link to post Share on other sites More sharing options...
Donut Supercharged February 25, 2014 Author Share February 25, 2014 Thanks for the info. Anyone looking to tenant or buy a commercial unit, you know who to look for......... Link to post Share on other sites More sharing options...
RadX Moderator February 25, 2014 Share February 25, 2014 Thanks for the info. Anyone looking to tenant or buy a commercial unit, you know who to look for......... no pantang ah..i keep my coffins der 1 Link to post Share on other sites More sharing options...
Donut Supercharged February 25, 2014 Author Share February 25, 2014 no pantang ah..i keep my coffins der Bro, for you, i will agree to anything........ 1 Link to post Share on other sites More sharing options...
Mockngbrd Supersonic April 28, 2016 Share April 28, 2016 http://www.straitstimes.com/lifestyle/fashion/cautious-consumers-falling-retail-sales-high-cost-and-strong-dollar-leading-to Ms Christine Li, director of research at commercial real estate firm Cushman & Wakefield, says: "Retailers from luxury fashion to F&B are currently facing a triple whammy of muted tourism growth, manpower crunch and the growing popularity of e-commerce, which make it harder to start, operate and sustain a business." Not super high rentals meh? 1 Link to post Share on other sites More sharing options...
Angcheek Hypersonic April 28, 2016 Share April 28, 2016 http://www.straitstimes.com/lifestyle/fashion/cautious-consumers-falling-retail-sales-high-cost-and-strong-dollar-leading-to Not super high rentals meh? She has no idea what she talking ... ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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