STEP 1

To pay one (1) month earnest deposit on letter of offer / acceptance.
This is the booking deposit, and the amount is usually equivalent to one month's rent. After the landlord signed the Letter of Intent and accept this deposit, he cannot rent the said property to any other party. This deposit will become part of the security deposit or advance rental after the legal Tenancy Agreement is signed.

STEP 2

Within 7 days from date of acceptance both parties signs the Tenancy Agreement. Upon signing the tenant to pays up balance:-
1) Security deposit : One month's deposit for every year of lease and 2 months deposit for furnished unit
2) Utilities deposit. ( For water and electric)
3) Gov't stamp duty and agreement fees. (preparing of contract and attending to stamping at stamp office)

Upon full payment, Tenant receives keys and take possession of property.
 

STEP 3

The Tenancy Agreement is sent to stamp office for stamping. Landlord & tenant receives the stamped copy of the agreement.
The Tenancy Agreement will have to be stamped by the Inland Revenue Authority of Malaysia. Only after the Tenancy has been stamped then it becomes a valid legal document. This is to protect the interest of both contracting parties.

When the lease term ends, the security deposit will then be refunded without interest. However, the landlord reserves the right to deduct from the deposit all costs, damages and expenses arising from the tenant for breaching any of the covenants stated in the Tenancy Agreement. Rental rates are inclusive of Monthly service charges. Tenant pays for the utilities bills such as water, Indah Water (sewerage) and electricity.

The stamp duty is usually borne by the tenant and computed as follows:-