Posted by
BodiAyan
18 yrs ago
Hi
Can anyone advise me what percentage of a month's rent I should expect to pay an agent for finding an apartment?
Also, is 1 or 2 month's rent a standard deposit for expats in Hong Kong?
Thanks in advance for any help
Regards
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a) Usually 50% of one month's rent but can sometimes be negotiated.
b) Usually 2 month's deposit with first month paid in advance, regardless of origin.
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thank you everybody for your help. All pretty unanimous
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A little off topic, however, have you considered purchasing rather than renting? With interest rates being so low, repayments are cheaper than renting. You also will then have the capital gain on your property. If you are here for 2+ years it is something to consider. Sure, you have to find a deposit but banks are lending 90%.
If your employer is paying your rent, perhaps you can negotiate something where they pay some/all your repayments. It could work out better for them.
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"If your employer is paying your rent, perhaps you can negotiate something where they pay some/all your repayments. It could work out better for them."
Good idea, but many employers are notoriously inflexible about this kind of thing.
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cd
18 yrs ago
Its negotiable, we've moved 5 times in HK and have never paid agents fees. have always managed to get the new landlord to pay them.
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cd
18 yrs ago
we just told the agents as soon as we started looking each time that we were unable to pay the fees, and that the landlord had to pay our half. In each case they did.
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I agree with CD - can get the landlord to pay the tenants share but this may mean that the amount of your rent is less negotiable
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