If you`re new to the rental scene, you`re bound to come across a list of unknown terms. One of the points not to be overlooked is your rental agreement (TA). Read on to find out what exactly it is and what to watch out for. The landlord grants an extension of the rental period, but provides for a rent-free period that corresponds to the extended term. Stamp duty is payable for the extended period. However, if there is a decrease in rent or if the rental period is shortened, no stamp duty is payable on the document. Find the original lease and look at it to see when it ends. The most common change in a lease extension is the amount of rent paid per month. Depending on economic conditions, both parties may argue that it will be lowered or increased.

My landlord asks me to pay the money for the remaining duration of the rental period using the clause written below. I specified two months` notice and each 3 month rent paid for the 6-month contract. Do I have to pay the remaining amount for three months` rent for him? In Singapore, the lease must be stamped by singapore`s Inland Revenue Authority. Only after the rental has been stamped can it be considered a valid contract in court as evidence of any dispute that may arise in the future with your landlord. This serves to protect the interests of both parties. Stamp duty is usually the responsibility of the tenant. I have a pre-performance request before the end of the contract. Look at a person who signed a 1-year contract and lost their job due to unforeseen circumstances and has to leave the country, What would be the tenant`s responsibility if nothing is mentioned in the lease? The minimum rental period for each tenant, both in HDB and in private residential properties, is 6 months. Therefore, it is advisable not to sign the lease as this would mean that you will have to pay a monthly rent. Hello, our 2 year lease was signed on September 14th (which we rented for a total of 6 years) with notification to the owners, but we had to wait another month of renewal just to please the owner.

But when the time came for us to get our 2-month deposit back, the LL evaluated the unit (it`s a 16-year-old building) and saw that the kitchen counter part (near the sink) has faded, he wants to charge us for the replacement of the entire countertop, which is currently only made of CHEAP laminate panels on chipboard. He said that no Maney would be brought back to us for this and that he would hire a professional cleaner. I really only think on our side as a good tenant for 6 years, despite the fact that the rental cost was too high for an empty and not outdated unit. Please notify him, because we want to prove to him that it is normal wear and tear, given that the material they used for the top of the kitchen can not withstand normal wear and tear even for 2 years. Is there a club in the SG that can help us with this difficult owner? Thank you very much! Look for the original rental and check it to see when it ends. The most common change in rent extensions is the amount of rent paid per month. Depending on economic conditions, both parties may argue that they will be reduced or increased. If there is an increase in rent or if the term of the lease is extended, stamp duty is payable on the document based on the increase in rent or rent for the extended rental period. www.99.co/blog/singapore/breaking-rental-lease-early/ My tenant is still in default of payment. 10/11 months. The last 2 months he has not paid. Can I release/terminate the rental in accordance with the contractual 30 days? One month before the end of the lease.

Should I bother to stop/drive away? The letter of intent sets out the tenancy terms on which you and the landlord have agreed verbally. Be as complete as possible and provide details such as the agreed rental price, rental period, payment terms and possible deposits, both parties responsible, utilities, maintenance and other clauses. Fully furnished (F/Furn) or partially furnished (P/Furn) – Fully furnished means that the apartment or house you rent will be equipped with all furniture, appliances (fridge, washing machine and dryer) and all important electrical appliances. Partially furnished apartments or houses usually only come with white goods, curtains, lighting, or other bulk items. Although a house can be partially furnished at the time of the visit, you can always ask the owner to furnish it entirely or ask him to receive the items you need. All these issues are always negotiations and determine the final amount of rent. I am a tenant – I look at the apartment during this period based on photos. I moved in 3 days, really not satisfied with the current environment and the agent never takes good care of our request after receiving their money. It is a 2-year contract, can I ask to stop the contract? i) A lease with fixed rent and an additional rent based on a percentage of gross sales (GTO), with no maximum or minimum guaranteed amount In a lease with an additional rental component based on a percentage of the GTO, you must estimate the GTO and determine the additional rent to be paid. This additional rent is taken into account for the calculation of stamp duty, i.e. the rent subject to stamp duty is the sum of the fixed rent (if any) and the additional rent resulting from the estimated GTC.

A lease, or “lease extension," allows a landlord and tenant to extend a lease beyond the end date. The other rental conditions remain the same, unless they are modified accordingly. Depending on the economic conditions, the landlord can increase the monthly rent. I need help. We are ready, we signed a 2-year lease, then we signed a 2-year extension. .