Guaranteed Rental Scheme guarantee nothing but heartache.

Dataran Mantin have come up with creative plans to woo investors with guaranteed rental returns (GRS) on Bandar Universiti Teknologi Lagenda.

They would agree to pay buyers rentals ranging from 8% to 12% per annum or aproportion of the purchase price for a certain length of time.

The inexperienced investors may not understand that the fine prints in the agreement letter are written in Dataran Mantin's favour. There is such a clause: “Provided always and it is hereby agreed between the contracting parties hereto that the Developer reserves its right to terminate the GRR agreement for any reason whatsoever"

To know more about the nature of this matter. Read National House Buyer Association article about Guarantee Return Scheme.