What Tenancy Agreement covered

The Tenancy Agreement outlines the terms and conditions governing the rental of a property, encompassing clauses aimed at safeguarding and equitably addressing the interests of both landlords and tenants.

If you intend to rent out or lease an HDB flat/ bedroom, you can utilize standardized tenancy agreement templates crafted with input from regulatory bodies, real estate agency associations, consumer representatives, and seasoned professionals familiar with residential rental transactions. While these templates serve as a framework, you retain the flexibility to modify them or engage in negotiations with your property agent to tailor the terms to your specific needs and preferences.

Payment of Rent and Deposit

Typically, rent is paid on a monthly basis. The initial payment is expected on the commencement date of the tenancy, with subsequent payments due on the same day of each successive month. Regarding the deposit, it usually amounts to one month's rent for a one-year tenancy contract and two months' rent for a two-year tenancy contract. This deposit, along with the first month's rent, is payable upon signing the tenancy agreement. It's recommended not to exceed payment beyond one month's rent.

For documentation purposes, both the rent and rental deposit should be settled via cheque. Additionally, it's advisable to promptly move into the premises upon receiving the keys.

Disputes between Tenants and Landlords

In the event of any disagreements, such as disputes regarding rental amounts, payment procedures, deposit forfeiture, rights to terminate tenancy, or rental durations, these are considered private matters between the tenant and the flat owner. It is recommended that both parties endeavor to resolve any disputes amicably and reach a mutual agreement.

Before signing the tenancy agreement, it is advisable to thoroughly read and comprehend all the terms and conditions outlined within it.

Employing Property Agents

Should you choose to enlist the services of a property agent, it's essential to verify their identity by cross-referencing their phone number with the CEA's Public Register. This precautionary measure helps safeguard against potential scams and ensures you are dealing with a legitimate property agent.

Instances of scammers creating counterfeit property listings on the internet and posing as property agents to deceive victims into making payments to secure property viewings or rentals have been reported. Familiarize yourself with strategies to steer clear of falling victim to rental scams.