Renting an apartment, house, or office space is a popular practice among tenants in Malaysia. Nevertheless, it's crucial to be aware of your rights and responsibilities as a tenant to guarantee a fair and hassle-free tenancy experience.

Here are some key rights to keep in mind 🔻:

1) Tenancy Agreement

A written tenancy agreement is a legally binding document that outlines the terms and conditions of the tenancy.

The tenancy agreement should also include information on the duration of the tenancy, the notice period required for termination, and any restrictions or conditions on the use of the property. Both the landlord and tenant should carefully read and understand the agreement before signing it.

Read about: What are the differences between tenancy vs lease agreement in Malaysia? 🤔

2) Security Deposit

It's a sum of money paid by the tenant to the landlord at the beginning of the tenancy, which guarantees against any damage caused to the property or non-payment of rent by the tenant. The maximum amount that landlords can legally request for a security deposit in Malaysia is two months' rent.

At the end of the tenancy period, the landlord must return the security deposit to the tenant if the property is in good condition and all rental payments have been made in full. However, not taking care of the property can lead to a deduction from the deposit or delay in getting it back, affecting future rentals! 

Guess what? BlueDuck is here to help all the tenants to overcome this hassle! Our amazing Zero Deposit Program allows you to save money, and spend more on things more essential than the deposit 😉!  Let’s see how BlueDuck Has Helped Real People 👏👏👏 

3) Repairs and Maintenance

The landlord has the responsibility of ensuring that the property is maintained in good condition and that any necessary repairs are carried out promptly. As a tenant, you also have a responsibility to take reasonable care of the rented unit and report any damages or issues to the landlord in a timely manner. 

Tenants should report any defects or issues in the property to the landlord in writing. The written notice should describe the problem and request the landlord to carry out the necessary repairs. The notice should also include a reasonable time frame for the repairs to be completed.

4) Privacy

Tenants have the right to privacy and landlords are required to provide reasonable notice before entering the property for inspections or repairs.

The landlord must give reasonable notice before entering the property for any reason, unless there is an emergency situation. The notice should be in writing and specify the purpose and date of entry. 

Plus, it should also be given within a reasonable time frame before the intended entry, such as at least 24 hours in advance.

5) Rental Increases

Rental increases are a common issue that landlords and tenants may face during the tenancy period in Malaysia. The rental amount is usually specified in the tenancy agreement, and landlords are generally allowed to increase the rental amount after the expiry of the tenancy agreement.

However, rental increases are subject to negotiation between the landlord and tenant. If the tenant feels that the proposed rental increase is unreasonable or unaffordable, they may negotiate with the landlord to reach a mutually acceptable amount.

⏬ See more :

• What's the difference between Condo and Serviced Apartment?
• Renting 101: A Beginner's Guide for First-Time Renters
• What is the future of the rental market in Malaysia?
  

Hey there fellow business enthusiasts from Malaysia! Choosing the right office space for your business is crucial, as it can affect employee productivity, client perceptions, and overall success.

If you're seeking the perfect office space to fit your needs, then you've come to the right place. Let's chup in and find the perfect office space for your business!

    (1) Traditional office space

Traditional office space is the most common type of office space in Malaysia. This type of office space usually comes with a long-term lease agreement and requires businesses to set up their own infrastructure such as furniture, internet, and phone systems. 

Traditional office spaces are often located in commercial buildings, business centers, or stand-alone buildings. 

For example: 

1. The Gardens South Tower: This is a 20-story office building located in Mid Valley City, Kuala Lumpur. It is connected to The Gardens Mall, making it a convenient location for shopping and dining.
2. Menara UOA Bangsar: This is a 38-story Grade-A office tower located in Bangsar, Kuala Lumpur. It offers modern facilities and amenities such as a gym, food court, and covered parking.

    (2) Serviced office space

Serviced office space is a popular option for businesses that require flexibility and convenience. This type of office space usually comes with short-term lease agreements and offers fully furnished office spaces with amenities such as reception services, meeting rooms, and high-speed internet. 

Serviced office spaces are often located in prime business locations, making it a great option for businesses that want to establish a professional image. 

For example:

1. Regus: Regus has several locations in Malaysia, including Kuala Lumpur, Petaling Jaya, and Johor Bahru. Their serviced offices come with flexible lease terms and access to a global network of business lounges and meeting rooms.
2. Common Ground: Common Ground has several locations in Malaysia, including Kuala Lumpur, Penang, and Johor Bahru. Their serviced offices come with 24/7 access, high-speed internet, and community events to help businesses network and collaborate.

（3）Co-working space

Co-working space is a popular option for freelancers, startups, and small businesses that want to work in a collaborative and creative environment. This type of office space usually comes with short-term lease agreements and offers shared workspaces, meeting rooms, and amenities such as high-speed internet and coffee. 

Co-working spaces are often located in trendy and creative neighbourhoods, making them a great option for businesses that want to establish a unique brand identity. 

For example:

1. WORQ: WORQ has several locations in Malaysia, including Kuala Lumpur, Penang, and Johor Bahru. Their co-working spaces come with flexible lease terms, event spaces, and a community of entrepreneurs and startups.
2. Common Ground: Common Ground also offers co-working spaces in addition to serviced offices. Their co-working spaces come with hot desks, dedicated desks, and private offices to suit different business needs.

Picking the right type of office space in Malaysia is a major decision that can have a significant impact on your business's triumph.

To rent out your commercial property, you should also consider with BlueDuck Zero Deposit Program, which could help you find verified tenants while also closing the deal faster than renting out with a traditional deposit! Feel free to buzz us anytime to learn more about this innovative solution!

⏬ More related articles :

• The New Era of Company Investing: ESG 
• What is the future of the rental market in Malaysia?
• 🔥🔥🔥Top 5 Projects Launching Soon in Selangor

In the past, investors only cared about making money and didn't think much about how companies were making that money. But now, more investors want to know if their money is being used in a way that is good for the environment, society, and the way a company is managed. This has led to the rise of "ethical investing," where people try to invest in companies that are doing good things for the world.

ESG is a way for investors to evaluate how well companies are doing in terms of taking care of the environment, treating their employees and society fairly, and having good leadership and management practices. Investors who care about these things use ESG as a guide to finding companies that are responsible and sustainable.

So, what is ESG?

‘E’ stand for ENVIRONMENTAL

The environmental criteria for each industry are unique and depend on various factors such as the company's operations, production processes, and regulatory requirements.

Climate change will impact every aspect of our lives, and companies that prioritize ESG factors, particularly in relation to climate change, will thrive. Natural disasters caused by climate change pose financial risks, so resource management and waste reduction are crucial for long-term success.

‘S’ stand for SOCIAL

The performance and reputation of a company are shaped by its social interactions with various stakeholders, such as staff, suppliers, and customers. These interactions occur within the broader context of society, and are influenced by demographic factors as well as the company's reputation.

When assessing a company's ESG performance, it's important to evaluate how they treat employees and suppliers. Fair treatment, equal pay, and safe working conditions are crucial. Mistreatment can lead to staff retention problems and regulatory issues. These principles should be extended to suppliers, especially those in regions with poor working conditions.

‘G’ stand for GOVERNANCE

The governance aspect of the ESG assessment evaluates how a company is managed and makes decisions, including the establishment and operation of its board of directors, risk management practices, and shareholder rights. This aspect of the assessment encompasses a wide range of factors that can impact a company's long-term success and sustainability.

Companies prioritizing strong governance practices are likely to have a diverse board of directors and effective risk management practices, avoiding costly legal and regulatory issues while maintaining customer and investor trust.

In conclusion, ESG criteria can help investors avoid blowups caused by risky or unethical practices, as seen in the examples of BP and Volkswagen. Investment firms are increasingly tracking ESG performance, but the ultimate value of ESG investing will depend on whether it encourages real change or merely box-checking. This will depend on whether ESG tenets are realistic, measurable, and actionable.

Hey there, let's talk about BlueDuck and how it's been changing the game in the world of renting! You know how security deposits can be a real pain when you're trying to find a place to live, right? Well, BlueDuck's zero deposit program has been helping tenants everywhere by eliminating that pesky deposit altogether! And not only that, but it's also making renting more affordable for many people. 

Let's get to the good part! We've got some awesome stories to share about real people who benefited from BlueDuck's program.  

Zero Deposit Program - Budget Bliss

As a tenant, the most significant barrier to finding a home can often be the upfront costs. It requires them to come up with a large sum of money upfront, which can be difficult or impossible for some people, especially those who are already struggling financially.

BlueDuck's Zero Deposit program aims to change this by eliminating the need for a traditional security deposit. Instead, tenants can enroll in the program and pay a small, one-time fee that is typically less than the cost of a traditional security deposit.

This program makes renting more accessible and affordable for a wider range of people, which is especially important in today's economy.

BlueDuck Pay - Forget with Peace of Mind!

This is a great benefit for tenants, as it helps them stay on top of their rental payments without having to remember to make a payment every month. This can be especially helpful for busy people who may have other financial obligations to juggle, such as bills or loan repayments.

BlueDuck Tenant Profile - Trust and Transparency

With purchasing a tenant profile, both tenant and landlord can feel confident that they are dealing with a trustworthy and reliable landlord. They can also expect to have a clear understanding of their rights and responsibilities as a tenant and to receive prompt and respectful responses to any questions or concerns they may have.

Dedicated Care Team

By prioritizing convenience, responsiveness, and quality, BlueDuck is helping to set a new standard for excellence in the rental industry.

In a world where renting can be a headache, BlueDuck's program offers a breath of fresh air. To know more about BlueDuck, visit us at BlueDuckMY.

Feel free to buzz us at hello@blueduck.my or WhatsApp.

Buying a home for the first time can be an exciting and daunting experience, but there are many benefits to being a first-time home buyer in Malaysia. Whether you're a young professional or a growing family, understanding the advantages of first-time home buying in Malaysia can help you achieve your housing goals and secure a bright financial future. 

Let's dive in and discover why now may be the perfect time to take the first step toward homeownership in Malaysia.

1. Government Incentives

First-time homebuyers in Malaysia can benefit from two government incentives: Skim Rumah Pertamaku (SRP) // My First Home Scheme. Through the SRP, homebuyers can receive a 100% stamp duty exemption for properties priced at RM500,000 or less through the Keluarga Malaysia Home Ownership Initiative (i-MILIKI) from June 1, 2022, to December 2023. 

Additionally, the My First Home Scheme (SPR) provides qualifying first-time homebuyers with a 100% loan-to-value (LTV) ratio, meaning they can get a full loan.

Learn more: https://www.srp.com.my/

     2. Lower interest rates for a first home loan

Some banks offer competitive interest rates. Borrowers can also make advance payments to lower their interests without making formal requests to the bank. Additionally, Cagamas SRP Berhad (CSRP) guarantees up to the first 20% on a 'first-loss' basis. 

     3. The flexibility of payment schemes

First-time homebuyers in Malaysia can have the flexibility of payment schemes such as the progressive payment scheme by choosing semi-flexi or full-flexi home loans[1]. These types of loans allow for additional payments for the loan, and the interest can be reduced if the principal amount is paid off more quicker. 

     4. The capability to seek out diverse grants and subsidies

First-time homebuyers in Malaysia can benefit from various grants and subsidies. The Housing Credit Guarantee Scheme (SJKP) guarantees housing loans to eligible borrowers, including first-time homebuyers. The Perbadanan Pr1ma Malaysia Berhad (PR1MA) housing loan is also available to those without payslips. Other incentives include improved funding agreements with states and territories and financing terms to first-time homeowners. It is important to check each scheme's eligibility criteria and requirements before applying.

Source: Syarikat Jaminan Kredit Perumahan Berhad (SJKP)

Owning a home is an investment that can appreciate over time, providing potential long-term financial gain. With all these advantages, there's no better time than now for first-time homebuyers in Malaysia to make their move towards homeownership. Act now to secure your bright financial future and take the first step toward owning your own home.

Check out more MUST-READ articles related to First-Time homebuyers Now:

Don't Just Buy a House, Invest in Your Future: Tips for First-Time Homebuyers 🌱

Discover Your Dream Home😍: Top Recommended Projects Tailored for First-Time Homebuyers in Malaysia

Cheers,

BlueDuck Team

If you're a first-time homebuyer, you might wonder how to make the most of this essential financial investment. Buying a home can be intimidating, but it's also an opportunity to secure your financial future. 

To ensure that you make a wise investment, it's essential to approach the home-buying process with an investment mindset. This article will discuss tips for first-time homebuyers to help them make informed decisions and invest wisely. 

1. Location

           Consider the accessibility, amenities, and potential for growth

When buying a home, location is one of the most critical factors. It's essential to find a location that is accessible, convenient, and has amenities that fit your lifestyle. Additionally, you should also look for a location with the potential for growth, as this can increase the value of your property over time. 

Several property projects in Malaysia are located near MRT stations. Some notable new launch condos near an MRT station in 2023 include Lentor Hills Residences. There are also properties for rent along the MRT Putrajaya Line Phase 2. 

                                                                                                             Source: MRT Corp

Additionally, look for locations experiencing growth, such as areas with new developments, as these areas may have higher property values in the future.

2. Market trends

          Analyze the current and future market trends to make informed decisions

The real estate market is constantly changing, and keeping up with the latest trends is essential to make informed decisions. By analyzing the current and future market trends, you can gain insights into the value of a property and make a more informed decision on whether to buy or not. 

If you are interested in purchasing a property in an area that has experienced significant growth in recent years. In that case, you should also research the market trends and economic indicators that may affect the value of your property. You should consider population growth, employment, and interest rates to make an informed decision.

    3. Property type

        Decide on whether to invest in landed or high-rise properties

When choosing a property type, you have two main options: landed or high-rise properties. Each property type has pros and cons, and you should consider your lifestyle and preferences before deciding.

Landed properties are typically larger and have more outdoor space, making them an excellent choice for families or those who enjoy gardening or outdoor activities. On the other hand, high-rise properties offer more amenities such as swimming pools, gyms, and security features, making them a better option for those who prioritize convenience and safety.

    4. Developer reputation

        Choose a reputable developer with a proven track record

A reputable developer can ensure the property is built to a high standard and has good resale value. Before purchasing a property, research the developer's reputation and track record. Look for developers with a history of delivering quality properties and a good market reputation. 

Several property groups have earned awards in Malaysia. The Malaysia Developer Awards is an event that recognises property developers who have demonstrated high corporate performance and quality governance standards. Ideal Property Group is one of the most established names in Malaysia's real estate industry and has won several awards for developing high-quality, low-cost homes in Penang. The FIABCI Malaysia Awards is another event that honours property developers and projects in Malaysia. Mah Sing Group Bhd and OSK Property Sdn Bhd are some of the property groups that have won awards at the Malaysia Property Awards 2021.

                                                                                    Source: Malaysia Developer Awards 2022

Investing in a home is a significant decision, and as a first-time homebuyer, making informed decisions is essential. By considering factors such as location, market trends, property type, and developer reputation, you can ensure that you invest in your future and make a sound financial decision.

Remember, don't just buy a house - invest in your future!

Check out more MUST-READ articles related to First-Time homebuyer Now:

Discover Your Dream Home😍: Top Recommended Projects Tailored for First-Time Homebuyers in Malaysia

Why First-Time Home Buyers in Malaysia Should Act Now: Understanding the Advantages 🗸

Cheers,

BlueDuck Team