In Singapore, the commission for rental transactions is typically based on the lease duration and the rent amount. For a rental lease, the commission is usually a percentage of the total rent for the lease period.
- For leases of 2 years or more, the commission is often 1 month's rent.
- For shorter leases, such as a 1.5-year lease, the commission might be half a month's rent or sometimes one month's rent, depending on the agreement between the landlord, tenant, and the property agent.
In the case of a 1.5-year lease, if the agent's commission is based on one month's rent, then yes, the commission would still be applicable, although it may vary depending on the specific terms agreed upon by the parties involved.
It's important to note that commission arrangements should be agreed upon prior to any engagement with clients to avoid any misunderstandings.
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