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Rent Calculator Act Malaysia

Rent Increase Formula:

\[ \text{New Rent} = \text{Current Rent} \times (1 + \frac{\text{Allowable Increase Rate}}{100}) \]

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1. What is the Rent Calculator Act Malaysia?

The Rent Calculator Act Malaysia helps landlords and tenants calculate permissible rent increases according to Malaysian tenancy laws. It ensures rent adjustments comply with legal allowable increase rates.

2. How Does the Calculator Work?

The calculator uses the rent increase formula:

\[ \text{New Rent} = \text{Current Rent} \times (1 + \frac{\text{Allowable Increase Rate}}{100}) \]

Where:

Explanation: The equation calculates the new rent by applying the percentage increase to the current rent amount.

3. Importance of Rent Calculation

Details: Proper rent calculation ensures compliance with Malaysian tenancy laws, prevents disputes between landlords and tenants, and maintains fair rental practices in the property market.

4. Using the Calculator

Tips: Enter current rent in MYR and the allowable increase rate as a percentage. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the standard allowable rent increase in Malaysia?
A: The allowable increase varies by state and property type, typically ranging between 10-20% of current rent.

Q2: How often can rent be increased?
A: Generally, rent can only be increased upon renewal of the tenancy agreement, typically after 1-2 years.

Q3: Are there exceptions to rent control in Malaysia?
A: Some premium or commercial properties may have different regulations. Always check local tenancy laws.

Q4: What if the calculated new rent seems too high?
A: Tenants can negotiate with landlords or refer to the Tribunal for Consumer Claims if the increase seems unreasonable.

Q5: Does this calculator account for inflation?
A: No, the allowable increase rate should already consider inflation factors as per Malaysian tenancy laws.

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