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Is it legal to charge late fees for late rental payments in malaysia?
Under the laws of Malaysia, are the landlords allowed to impose a penalty interest for rents in arrears (late rental payments)? THanks
3 Answers
- ♥Chastons Wifey♥Lv 51 decade agoFavorite Answer
Most landlord would charge a penalty for late rent. Did you sign a lease? Read it carefully if you did.
- johanssmLv 51 decade ago
Provided that the leasing agreement / rental agreement have the clause/s included and with the stated penalty fee/s .
It is actually an agreement there.
And in general , if there was no such clause or sub clauses included.
Tenant/s are obligated to pay interest % . Follow the current banking FD prorated % .
But if anyone were to refer to the Malaysian Laws as per above topic.
Sorry to let you down .There ain't no any .
I think we (Malaysia) have more laws about anal sex , sodomy and the ISA ( if ISA is a law )
- 1 decade ago
Malaysia is relatively lawless. Anything can happen, and anything can be disputed.
Malaysia Boleh.