By Michelle Lim on Sep 23, 2019 11:30:00 AM
So you've a tenancy agreement drawn up and ready, and you're going to hand it over to your tenant.
Have you stamped it yet?
Stamping your tenancy agreement is really important here, considering that you can actually submit this in court as evidence (it's legally admissible!) if you ever need to.
So here are a few reasons why you should stamp your tenancy agreement:
Stamping your tenancy agreement basically is a proof of it being real and genuine (not fake!)! The stamping should generally include the date and time of the stamping and name of the authority stamping it.
Having your tenancy agreement stamped by LHDN makes your tenancy agreement valid. The tenancy agreement is ultimately a contract that covers you and your tenant's rights, hence the importance of stamping. The validation of your tenancy agreement adds to the security.
Peace of mind
You don't want your contract to be invalid or illegal. You want your rights to be protected and secured just in case you have a really bad tenant and have to bring them to court. It's better to be safe than sorry, after all!
Now that you know the importance of stamping, be sure to look into getting a tenancy agreement and the LHDN office.
How do I get my tenancy agreement stamped? Is there an easy way to do it?
You can choose to do it yourself..
- Step 1: Prepare 2 sets of the tenancy agreement signed by you and your tenant.
- Step 2: Go to your nearest Lembaga Hasil Dalam Negeri office (LHDN office).
- Step 3: Once you're there, tell the officer you want to stamp your tenancy agreement. You'll be given a couple of forms and a queue ticket.
- Step 4: Fill in the forms and wait until your number is called.
- Step 5: Submit the forms and tenancy agreements.
- Step 6: Pay your stamp duty fee (you can calculate it here).
Want us to do it for you?
Just Post Your Property Now and let us handle the rest!