We have factory for rent and warehouse for rent in Selangor located at Northport, Westport, Kapar, Meru, Shah Alam, Subang Jaya, Puchong, Petaling Jaya, Telok Panglima Garang, Sepang, Puncak Alam, Rawang, Serendah, Balakong, Bangi and Ampang
We do cover factory for rent and warehouse for rent in Johor, Tanjung Malim,
Perak and Labuan, Sabah.
The minimum period warehouse for rent and factory for rent is two
years. Shorter term for warehouse for rent can be arranged normally subject to
higher rental rate per square feet.
A tenant of warehouse for rent or factory for rent can structure within the tenancy
agreement to have the first right of refusal to purchase the warehouse of factory in
the event the landlord receives an offer to purchase from a potential buyer.
The tenant of the warehouse for rent or factory for rent’s financial
standing is evaluated before the tenancy discussion progresses on.
Normally, the security deposit of 2 to 3 months and utility deposit of 1 month are
required to be placed with the landlord and these are fully refundable, at the end of
the tenancy of the warehouse for rent or factory for rent.
Financial guarantee in the form of irrevocable bank guarantee can be placed by
the tenant with a commercial bank, hence providing comfort to the landlord of the
warehouse for rent or factory for rent
Building maintenance for warehouse for rent or factory for rent is the
responsibility of the tenant upon the handover of vacant possession.
However, the tenancy of warehouse for rent or factory for rent normally stipulates
that the main structure such as roof, beams, trusses and walls are the
responsibilities of the landlord.
Industrial land is used for establishing factory or manufacturing plant for
For logistics service providers and e-commerce fulfilment centres, the industrial
land is suited for construction of warehouse and distribution centre for e-
Industrial land can also used as open yard for storage or lorry depoh for haulage
The best warehouse or factory for sale is one which fulfils the
purchasers’ current operation requirements, meets its future growth as well as
provides opportunity for capital gains when disposed off or rental income when
the purchaser outgrows the warehouse or factory purchased for its own use.
The best warehouse or factory for rent is one that allows for scaling up and/ or
down of the warehouse or factory space needs depending on the business
requirements of the warehouse or factory tenant.
As there is no perfect warehouse or factory, the criteria that is important will be
listed out and given priorities.
Procedures of renting a factory and warehouse
After selection of warehouse or factory for rent, normally the tenant is required to
place a one month booking deposit to accompany the Letter of Offer. Upon the
Tenancy Agreement is signed, a security deposit which comprises of a minimum
of 2 months rental equivalent is paid to the Landlord.
The amount of security deposit requested by Landlord is normally based on the
risk assessment and credit standing of Tenant. Once the tenancy agreement is
signed, it will be stamped. The stamp duty payable for stamping of Tenancy
Agreement is based on the formula as provided in Stamp Act 1949.
Stamp duty on Tenancy Agreement = [(Rental per month x 12) – 2,400] divided
by 250. For example for a 3 years tenancy, the stamp duty amount derived is
multiplied by 2.
The vacant possession handover is the physical inspection by Tenant, Landlord
and real estate agent to record down pre-existing condition of the warehouse or
factory for rent on the day of commencement of the rental tenure.
Procedures of buying a factory and warehouse
Upon the selection of warehouse or factory for sale, the Purchaser is required to
place a 2% earnest deposit to accompany the Letter of Offer. The Sale and
Purchase Agreement (SPA) is normally signed within 14 or 21 working days from
the date of the acceptance of the Offer by the Vendor. The 8% of Purchase
Consideration is payable on this point.
Depending on the conditions precedent agreed upon for the warehouse or factory
for sale, the balance of 90% of Purchase Consideration is payable within 3 months
of the SPA becomes unconditional- that is all conditions precedent are being
fulfilled. The common condition precedent for leasehold property is State Consent
approval being obtained.
Upon the full settlement of the Purchase Consideration, the handover of vacant
possession of warehouse or factory for sale from Vendor to Purchaser will occur.
For factory or warehouse for rent as well as factory or warehouse for
sale, payment of Booking Deposit can be made via bank transfer to the bank
account of the Registered Real Estate Agent holding as stake holder for the
Alternatively, the payment can be made to Solicitors acting for the Purchaser/
Vendor who is holding the payment as a stakeholder until the completion of the
transaction before the funds are being released to the Vendor.