Everything you need to know about SPEEDHOME Short-Term Rental – all-in-one post.
Does SPEEDHOME offer short-term rental / Can I rent a home short-term?
Yes, you can rent short-term in SPEEDHOME.
A short-term tenancy period of SPEEDHOME users starts from a minimum of 3 months and can be extended to a maximum of 12 months.
How is short-term rental different / Is short-term rental different than standard home rental?
Yes, it is different.
If you choose to rent short-term (i.e: 3-11 months), then there will be a surcharge that will be divided equally over your tenancy period.
The divided amount will be then added to your monthly rental.
However, if you rent normally for 12 months, there will be no surcharge.
How does the surcharge/payment work for tenants with SPEEDHOME’s short-term rental?
As the tenant who wants to rent for shorter period, you’ll have to pay the first month’s rent together with the surcharge fee. This is how the surcharge works for instance:
Note: The surcharge will be divided over the period of your tenancy. The divided amount will be added to your rental accordingly.
How long is a tenancy period for SPEEDHOME?
A tenancy period for renting short term in SPEEDHOME starts from a minimum of 3 months and can be extended to a maximum of 12 months.
How much does the Speedsign fee cost?
The Speedsign fee is RM399 + 6% SST.
How do I calculate my short-term rental fee?
Overall, this is how to calculate your short-term rental:
- Rental price = RM1,000
- Tenancy Period 10-11 months = 25% Surcharge of the 1st month’s rent.
- RM1,000 + (25% x RM1,000)
= RM1,000 + RM250
How much does it cost to renew my tenancy?
The Speedsign fee renewal cost is fixed at a cost of RM199 + 6% SST. You as the tenant will have to pay to renew it.
In conclusion, renting in a short term period with SPEEDHOME is possible despite the surcharge amount you need to pay to the landlord.
Hence, if you’ve decided to rent for a short period of tenancy, make sure to read carefully your tenancy agreement of your rental to avoid miscommunication later on during your tenancy period!