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Today is Apr 21, 2021
Ella Sherman
Associate Executive Sales Manager - Singapore Rentals, Sales & Overseas Prop
KF PROPERTY NETWORK PTE LTD
CEA Licence No.:
L3008430D / R015528H

Call (+65) 9155 1010 - (+65) 0410
Commission / Stamp Duty
Important - All Clients Must Read Before Engaging Services

COMMISSION for Ella Sherman's clients, the following professional fees / commission rates are due (plus the prevailing rate of Goods & Services Tax).
All fees are strictly payable directly KF Property Network Pte Ltd.
Note that to avoid a conflict of interest, dual representation is strictly not allowed, and we only serve either the Vendor or Buyer, or either the Landlord or Tenant.

RESIDENTIAL RENTALS (no dual representation allowed)
Please note Ella Sherman and her team only represent clients looking for private landed or private condominium / apartment property with rental allowances / budgets above S$3,000 per month
Landlord -
1 month commission for 2 year lease; 1.5 month commission for 3 year lease; 0.5 month commission per year of lease extension if option to renew is exercised.
Plus GST. Payment is due on the day of signing of the Tenancy Agreement by the Landlord
Tenant -

None due* when the rental price is above S$3,000 pcm for a 2 year lease or more. Below S$3,000, or below a 2 year lease, commission is payable by the Tenant rather than the Landlord at the same rate.
Minimum 0.5 month commission if less than one year. Plus GST.
*Unless the Landlord isn't paying the fee / commission or their Agent isn't co-broking, in which case the fees above are applicable to the Tenant

COMMERCIAL RENTALS
Commission is payable by the Tenant unless advised otherwise

Exclusive Home Search -
To ensure an effective and customized Home Search service, this agent only represents clients who are not using other agents. This avoids duplicating efforts and creating confusion, while increasing focus, time efficiency and motivation
Forfeited Deposit –
In the case of an aborted Letter of Intent, the commission shall be one half (1/2) of the amount of the deposit forfeited by the prospective Landlord plus GST subject to a maximum sum equivalent to the agreed commission plus GST
Stamp Duty Fee -
The Tenant pays the Stamp Duty fee. The Tenant is to pay then agent and then this is paid to the Inland Revenue Authority of Singapore. Stamp Fee is calculated based on Annual Rent using the following rules:-
If the lease term does not exceed 1 year - S$1 for every S$250 or part thereof of annual rent
If the lease term exceeds 1 year, but does not exceed 3 years - S$2 for every S$250 or part thereof of annual rent
If the lease term exceeds 3 years, or has any indefinite term - S$4 for every S$250 or part thereof of annual rent.
For more information on Stamp Duty and the calculation formula go to: http://www.iras.gov.sg/irasHome/page04_ektid1832.aspx

SALES (no dual representation allowed)
Please note Ella Sherman and her team only represent clients looking for private landed or private condominium / apartment property with budgets above S$500,000
Vendor –
2-3% of contracted sales price as commission. Payment is due on the day of sales completion and paid through the property conveyancing lawyer
Buyer -
0%*
*Unless the Vendor isn't paying the fee / commission or their Agent isn't co-broking, in which case the Buyer pays the 2-3% of contracted sales price as commission
Forfeited Deposit – In the case of an aborted Sale, the commission shall be one half (1/2) of the amount of the deposit forfeited by the party plus GST subject to a maximum sum equivalent to the agreed commission plus GST
Stamp Duty Fee & Other Fees-
Please be advised by your property conveyancing lawyer for the current rates

Goods & Services Tax (GST) -
KF Property Network Pte Ltd shall charge their clients and co-brokers the prevailing rate of GST even if the other party / Agency are not GST-registered. Non-payment of GST will result in our legal representative seeking recovery

Other Services –
Ella's clients are offered a personalised service to ensure that their experience is a very pleasant one. Ella always strives for client satisfaction and is working for an established company that consumers can trust. Professional Indemnity Insurance is mandatory for all our agents to protect the clients. Our agents are certified with a recognised real estate salesperson qualification and must also fulfil Continuous Professional Development (CPD) every year
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