Finding a condo for rent can still be a daunting task if you have many requirements. Though, this is not a unit that you are buying but you still need to do some research before moving into a condo for rent.

Top floors

The highest floor may give you the best view, but renting it can cost you an arm and a leg as well as additional problems with the roof.

Parking Space

Though it may be a rented unit, you will still need to take care of your security and you have the rights to ensure that you have a place to park your car. If the condo for rent does not offer a parking space, it can bring you a lot of problems such as car theft and robberies.

Density

The higher the density, the larger the community will be. When the community is large, the noise level will increase as well. You have to be prepared to accept the noise if you really want the unit. Otherwise, if peace and quiet is important for you, then it is better to choose somewhere else.

Amenities

Amenities around are important to make it convenient for you to live there. For example, you are less likely to buy a washing machine and therefore will be more likely to use facilities such as the laundrette, restaurants and many more.

Traffic

Not only is this important when buying a unit, it is also important for rented units. Nobody wants to come face to face with traffic jams at their door steps in the morning. It makes it inconvenient for you to travel anywhere. Apart from that, heavy traffic can cause more pollution to that area where you are living. If you are particular about the pollution level, this can be a problem for you.

Landslide Areas

Landslide prone areas are dangerous to live in. While you are only renting and is less likely to bear the cost of possible damage, it is not reason enough to put yourself in such a risky condition.

Choosing a condo for rent is almost like choosing a condo unit for purchase. It comes with less burden but these are some of the things that you may want to check on to ensure that you will not come face to face with the consequences of a bad rental experience.

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Who is Illegal Estate Agents?

Over the years, the Malaysian public in seeking quick monetary gains has involved themselves in Real Estate transactions. As defined in the Valuers, Appraisers and Estate Agents Act 1981 under Section 22C:

Restrictions on estate agency practice which states

1. No person shall unless he is a Registered Estate Agent:

• Practice or carry on business or take up employment as an Estate Agent under any name style or title containing the words “Estate Agent”, “House Agent”, “Property Agent”, “Land Agent” or to the equivalent thereto, in any language or bearing any other word whatsoever in any language which may reasonably be construed to imply that he is a Registered Estate Agent.
• Use or display any sign board, card or other device representing or implying that he is a Registered Estate Agent.
• Be entitled to recover in any court any fees, charges or remuneration for any professional advice or services rendered as an Estate Agent.

The Danger of Using Illegal Agents

Some bad practices of illegal estate agents are:

• Collecting more than the prescribed fees
• Misrepresenting of facts, information which can cause legal complications
• Selling a property at an increase value
• Absconding with money

The Conviction

Anyone who commits an offence is liable on conviction to a fine not exceeding RM25,000 or to imprisonment for a term not exceeding 3 years or both and shall be loable to a further penalty of RM500 for each day during the continuance of such offence.

Source: MIEA