Sample Rental Letter

Tenancy

After the letter of intent is signed. The landlord will prepare the lease. All legal fees incurred in preparing the agreement is usually borne by the tenant. However, if the owner's agreement is acceptable, it will generally not legal fees.

If the owner or agent of the owner uses the standard agreement of the IEA, it should be good. Your agent will then ensure that the lease is fair and impartial.

You will need to prepare the rest of the bond and rent in advance to the signing of the tenancy agreement. For a one-year lease - 1 month deposit and one month before rental. For 2 years lease - 2 months deposit and one month before rental. Goodfaith minus the deposit (if any) you paid upon signing of the LOI.

These are important terms that you should take note of the signing of the lease:

1. Diplomatic or Escape Clause and repayment clause

Check with this clause. This clause is to safe guard you if in case you are no longer employed, transferred to other countries, you can terminate the lease after 12 months by giving 2 months notice. Thereafter, the deposit will be refunded. Please note that most owners only include the diplomatic clause if the lease is more than a year.

In one type of rental agreement in Singapore, it is usually the reimbursement clause together with the diplomatic clause. This clause states that if you exercise the diplomatic clause, you must repay part of the Commission had paid the owner's agent.

The reason for this clause is that the owner had paid the agent commission an entire month to lease two years, but if you terminate the lease in exercising the diplomatic clause, hence unable to complete 2 years full, you must repay the pro-rata Commission. As the landlord grants the diplomatic clause, they typically require repayment clause should be included in the tenancy agreement.

2. Utilities, telephone and cable TV

Installation costs and monthly bills for the following services are charged to the tenant:

• SP services - water and electricity supply.
• City gas - piped gas in selected areas.
• Paris-line home phone Telecom.
• StarHub Cable Vision (SCV) - cable TV and broadband internet cable.

Although sometimes the tenant may apply for some of the bills set to be included in the rental amount as a package.

3. Repairs and maintenance

The tenant is responsible for maintaining the leased premise, carry out minor repairs at own costs. In a standard contract, the tenant will be liable only if the amount of compensation does not exceed S $ 100 or S $ 150.

Only repairs and major maintenance is the responsibility of the owner provided that the damage or equipment malfunction is caused by the negligence of the tenant.

The tenant will be a service contract for items such as air conditioning, gardening, the fight against pests or maintenance of the pool.

Four. Rental Amount

Check the rental amount. Sometimes the owner will divide the rent in a. Tenancies b. rental of furniture and accessories, c. maintenance costs. Make sure it adds up to the exact amount that you agreed.

5. Stamp Duty

In Singapore, tenancy agreement must be stamped by the Inland Revenue Authority of Singapore. Only after the lease is stamped then it can be considered a valid contract as evidence in court to resolve disputes that may arise in the future with your landlord. This is to protect the interests of both parties. The OTC buffer.