Property Renting Tip #7: Lease Period

It is common to have a one to two year lease period in Singapore, typically two years if it is a comfortable duration for both the Landlord and Tenant.In the event you want to have a longer lease term but are not sure if you want to keep the same rental rate, you can...

Property Renting Tip #6: Who are your Tenants?

(Reference:www.ica.gov.sg, www.mom.gov.sg) The Immigration Act declares that it is an offence for any person to harbor illegal immigrants. Do your due diligence to ascertain that your Tenants hold a valid permit or passto let them stay in Singapore. The Act sets out...

Property Renting Tip #5: Rental Rate

Would you rather accept a lower than expected rental or leave the rental unit vacant when you are not able to find a Tenant who can pay your expected rental? Besides looking at the rental yield, which is dependent on the purchase price, another element to help in...

Property Renting Tip #4: Utilities handover

(Reference: www.singaporepower.com.sg) You do not need to terminate the existing power supplies or utilities for the new Tenant.All you have to ensure is that the next occupier submits a request to SP Services (Singapore Power,an energy utility company) to change the...

Property Renting Tip #3: Rental Approval

(Reference: www.hdb.gov.sgwww.subcourts.gov.sg) For renting of an HDB flat, you have to apply for rental approval or renewal (this can be done online) before you lease the unit, and after meeting the Minimum Occupation Period (MOP). If the unit is not approved for...

Property Buying Tip #10: Co-Ownership

In Singapore, there are two forms of co-ownership for residential property. (1) Joint Tenancy [right to survivorship] Two or more parties have rights to the land as if they were a single owner. It also implies the right to survivorship i.e. when one party dies, his or...