They must ensure that the items in the inventory match and that they are in perfect condition when they move in. Also note the brand and model: unethical renters may “discover” that your microwave has been replaced with a cheaper version, and then demand that you pay for it. So keep an eye on the inventory while you prepare your lease. We want to make sure that your property is taken care of during the lease. Inspections are carried out every 4 or 6 months (your choice) and a full photographic report is provided. If the responsibility given is much higher, ask for a justification. Abandon the agreement if you think such conditions are unfair. Also note the conditions for notification of defects. In most cases, you should have up to 30 days to make defects such as bad pipes, broken sockets, leaks, etc. to remedy this situation. The lease of the contract should make it clear that the lessor is the one dealing with these matters. The Memorandum of Understanding having been duly signed. The landlord prepares the lease.

As a rule, the lawyer`s fees incurred for the contract are the responsibility of the tenant. However, if the owner`s consent is acceptable, there are usually no attorneys` fees. The lease is written in English, but also Shakespeare`s literature or a novel by James Joyce. The fact is that if you do not talk about legal, you will be in a disadvantaged position when signing a contract. But while we can`t get you through law school, we can give you an introduction: if the owner or the owner`s agent uses the standard IEA agreement, it should be correct. Your agent will then ensure that the lease is fair and impartial. Make sure the agreement indicates when the deposit will be refunded (for example. B 14 days, 30 days, etc.).

Remember that it is difficult to collect your deposit after leaving the country, so see if you can negotiate for immediate restoration. It is therefore always preferable to pay the deposit mentioned on your lease. This clause should be included if you are an expat. It allows you to break the lease after staying for a certain period of time (normally 14 months if you have a two-year lease). The tenant is responsible for the maintenance of the rented land, carries out minor repairs at his own expense. In a standard contract, the tenant is only liable if the amount of the repair does not exceed S$ 100 or S$ 150. If you have to return home unexpectedly, this clause allows you to terminate your lease without significant penalties. While this is included in the default template, always check if it is present in the rental agreement. The bond is actually indicated in the memorandum of understanding, but it must be paid when the lease is signed.

The deposit is usually one month`s rent for a one-year lease. This defines the conditions under which the owner can withdraw money from your deposit, for example.B. if you damage the furniture. Your lease must be stamped by the Inland Revenue Authority of Singapore (IRAS). Like the tax administration of each country, they dedicate themselves to the task of ensuring that nothing is free. Visit their website to find out how much your specific stamp fees will cost. As a tenant, you are usually the one who pays for this. The reason for this clause is that the landlord paid the full one-month agent commission for a 2-year lease, but if you terminate the lease by applying the diplomatic clause and are therefore not able to complete the full 2 years, you will have to repay the proportional commission.

Since the lessor agrees with the diplomatic clause, it will generally require a repayment clause that will be included in the lease. Please make sure you do this before entering into your next lease. Check in each section that describes repairs and maintenance for how much you are responsible. In a standard agreement, tenants are only responsible for repair or maintenance costs that do not exceed $100 to $150….