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 have a 1+1 lease term in the Tenancy Agreement (TA).

The +1 lease term gives the Tenant the first right to extend the lease of the property for another one year at a re-negotiated rate (this elaboration can be included in the “Option to Renew” clause in the TA).

By Eileen Tan and Ui Wei Teck, property investors and authors of Enjoying Mid-Life Without Crisis. This tip and dozens more are from their book.

Join Our Weekly Newsletter

“What you must know before buying Singapore property…”

Sign up to get our free weekly newsletter with the best ideas and market updates from Singapore property experts, property transaction data and deals. Enter your email below to get our FREE Beginner's Guide and Property Buyer’s Checklist as a bonus. Save yourself thousands of dollars and lots of heartache!

Thanks for signing up! Please check your email to download your reports.