Understanding the Total Cost of This Property

This property is available for rent at a base price of 7,000,000. However, it's crucial to understand the additional costs associated with securing this rental, ensuring a transparent and accurate budget.

Breakdown of Additional Costs:

• Agency Fee (10%): A 10% agency fee will be applicable, amounting to 700,000 (7,000,000 x 0.10). This fee covers the services of the real estate agency assisting with the rental process.
• Legal Fees (10%): To ensure a legally sound rental agreement, a 10% legal fee will be required, totaling 700,000 (7,000,000 x 0.10). This covers the cost of reviewing and finalizing the lease documents.
• Caution Money (10%): A caution money deposit of 700,000 (7,000,000 x 0.10) is required as a security deposit. This amount will be refunded upon the termination of the lease, provided the property is returned in good condition.
• Service Charge: A service charge of 650,000 is added to the rental cost. This likely covers building maintenance, security, and other common area services.

Total Estimated Costs:

To accurately budget for this rental property, consider the following total estimated costs:

• Base Rent: 7,000,000
• Agency Fee: 700,000
• Legal Fees: 700,000
• Caution Money: 700,000
• Service Charge: 650,000
• Total Estimated Cost (excluding potential additional monthly bills): 9,750,000

Utilities:

The property includes:

• Prepaid Light: Electricity is prepaid, allowing for greater control over consumption.
• 24-Hour Light: Ensuring consistent access to electricity throughout the day and night.

Disclaimer: This cost breakdown is for informational purposes only. It is recommended to verify all fees and charges directly with the relevant parties before committing to the rental agreement.