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Frequently Asked Questions for Property Rentals
Do I need a property agent to rent a home in Singapore?
It is not necessary. If you have the time to search for rental properties in Singapore and arrange viewings yourself, you can complete the whole rental procedure without the help of an agent.
Is the security deposit a must for rentals?
Yes. The security deposit is typically a month’s rental for every year’s lease.
For instance, if your rent costs $2,000 a month, your security deposit will be $2,000 for a one-year lease, and $4,000 for a two-year lease.
This serves as an insurance fund for the landlord in the case you, as a tenant, damage the property.
If the property is kept in a reasonable condition, the security deposit will be returned to you at the end of your lease.
What is a Tenancy Agreement?
The Tenancy Agreement is an official lease contract between landlord and tenant.
Pay particular attention and be sure to check that all clauses, caveats or arrangements that you and the landlord have made are included in the Tenancy Agreement.
The Tenancy Agreement is the go-to document should you face any disputes with your landlord.