Many people may be curious about why the transfer of water and electricity (TNB) accounts is necessary when renting a shop. Today, we’ll answer questions you may have about water and TNB.
1) Difference in Water and Electricity Deposits :
House : Half a month’s rent.
Shop : One month’s rent (e.g., if the rent is RM3,000, the shop’s water and electricity deposit will be RM3,000).
2) Transfer of Water and Electricity Accounts :
House : Generally, when renting a house, this situation does not arise, and landlords usually do not require a transfer of water and electricity accounts.
Shop : Shop owners typically request tenants to transfer the water and electricity accounts into their names, making them responsible for the costs. This is due to the higher water and electricity usage in shops. If tenants accumulate unpaid bills and leave, the shop owner would need to settle all outstanding amounts. To avoid unnecessary complications, water and electricity (TNB) account transfers are usually required when renting a shop.
3) Who Pays for Indah Water Fees?
House : Usually borne by the landlord.
Shop : Normally, it is the responsibility of the tenant. However, some laid-back shop owners may choose to cover these costs themselves. (It’s essential to understand the concept: the landlord has ownership rights, while you have usage rights. Just like paying for water and electricity, during your lease period, the tenant is using all the facilities, so these costs should be paid by the tenant.)
FAQ : Why does the landlord still collect a water and electricity deposit if the accounts are transferred?
Answer : Typically, landlords can collect a one-month deposit. Some landlords may be more lenient and collect half a month’s deposit or a nominal amount.
In summary, shop expenses are usually higher than those for houses, so landlords for shops generally do not bear water and electricity costs. If your water and electricity accounts are in the landlord’s name, appreciate the laid-back attitude of the landlord, considering that transferring the accounts incurs a fee.
If you want to find a water and electricity service, you can also contact us ~ Bizlocate has specially added this service for this purpose. [Click here] for details or call 018-7677001
Bizlocate, Business Location Solution Provider | Specially designed to assist businessmen who want to open a store to find a suitable location to open a store
Website: https://bizlocate.com.my/
Phone: +6010-222 0400
WhatsApp: https://wa.link/uq6cn1