As proof of payment, you must pay the rent and deposit by cheque. You should move into the apartment immediately after handing over the keys. b. The owner or tenant of HDB public rental units, with the exception of the lessor, will submit this rental agreement to HDB. Perhaps you would like to request a copy of this HDB authorization letter from the owner as a reference. In order to help consumers and real estate agents navigate the rental transaction process and perform the necessary checks, the working group also defined a typical rental transaction process for both HDB housing and private residential real estate. If you are considering renting or renting an HDB/bedroom apartment, you can refer to these standard rental agreement templates established with contributions from supervisory authorities, associations representing the real estate agency industry and consumers, as well as practitioners experienced in the real estate rental process. These templates are just a guide, and you can modify the template or negotiate with your real estate agent the terms contained in the template in order to meet your needs and/or requirements. These proposals have been developed in consultation with the supervisory authorities, the Consumers` Association of Singapore, as well as professional organisations and practitioners experienced in the residential property rental process. The models offer a common standard that is fair to all parties: once the TA and inventory list are signed, you need to transfer the balance of the deposit and the amount of 1 month of rental to the lessor. If the MEMORANDUM of Understanding is accepted, continue with the TA &Inventory List, which must be signed by both the landlord and the tenant. Pay the balance of the deposit and rental in advance to the owner. All disputes, such as the amount of rent, payment or expiration of deposits, the right to terminate the lease and rental periods, are private matters between the tenant and the landlord.
Landlords and tenants should try to settle the dispute amicably and reach a mutual agreement. It is recommended that you carefully read and understand all the terms of the lease before signing it. It is customary for rent to be paid monthly. The first payment must be made on the date the lease begins, while subsequent payments must be made on the same day of each month. The amount of the deposit generally corresponds to a monthly rent for a one-year lease and 2 months for a 2-year lease. This must be paid when signing the lease, at the same time as the first month of rental. It is recommended not to pay more than one month`s rent. Would you like to rent or rent a property? Wondering where you can get a lease that protects the interests of landlords and tenants? Make sure that you and your occupancy cards have a validity period of at least 6 months at the time of the owner`s rental application with HDB. Well, the Digitized Real Estate Transactions Working Group has developed standard rental agreement templates for HDB apartments and private residential properties that you can use! The rental contract is the mandatory contract between the owner and the tenant for the duration of the rental.
You can view a typical rental transaction process as well as online resources to perform checks at each step on the CEA website….