Renting a Property in Malaysia
There are reasons why people in Malaysia are renting a property. Even locals who already have a property in Malaysia still prefer to rent a small room close to where they work or study. Just like any other countries there are young adults who wants to live apart from their parents and since they cannot afford to buy a new house, they opt to rent a room or an apartment. There are also some group of friends who wanted to live together so they can do whatever they like to do so they rent a house or an apartment. Some students also prefer to rent a quiet and peaceful room or apartment close to their school for their convenience and so that they can focus on their studies without being disturbed by their siblings or in some instance, their parents. Some foreigners who are in Malaysia for temporary work also rent or lease a property in Malaysia whether they are alone or with their family along with them. It is easy to look for a place to rent in Malaysia because there are a lot of options and property rental in Malaysia is very much regulated.
Someone who is planning to rent or lease a property should consider their income before deciding what property . Yes there are a lot of property to choose in Malaysia either a small room, small house, a simple apartment, or high end condominiums with modern facilities like swimming pools, gym, basketball court or even within the mall. All of these differ in price depending on the quality and location of course. A house or property is more expensive in if it is within the city or close to the center of the city than the one outside the city center.
In renting a property in Malaysia, you have an option whether to lease or rent for a shorter period of time depending on your contract with the owner. A lease is when the contract is three (3) years and above. While they call it tenancy if the rental period is less than three (3) years.
Properties for rent in Malaysia are usually measured in terms of square feet and of course prices depends on the facility in general and location. Aside for the rental cost, the tenant will pay the electricity and other utilities and also the internal repair of the property. Other maintenance and repair of the common part of the property including the building insurance is shouldered by the owner. Which is another thing to consider if you want your property to be rented in Malaysia.
There are also properties in Malaysia that can be rented for a short period of time from one (1) day to a month depending on your preferred stay in Malaysia. Rates are usually higher that tenancy but it is more convenient if you only intend to stay in Malaysia for a short period of time. This short-term accommodation should be paid upfront.