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What are payments involved before the property is handed over to me?
In Malaysia, the standard practice is:
- 2 months security deposit
- 1 month advance rental
- ½ month utility deposit
- Reimbursement of the Tenancy Agreement stamping fee
When the lease term ends, the security and utility deposit will be refunded without interest. However, the landlord reserves the right to deduct from the deposit all costs and expenses arising from the tenant for breaching any of the covenants stated in the Tenancy Agreement.