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    Tenancy Agreements Singapore

    / 9 de enero de 2023

    Tenancy Agreements in Singapore: What You Need to Know

    When it comes to renting property in Singapore, a tenancy agreement is a crucial document that outlines the terms and conditions of the rental contract. This legally binding document reflects the agreement between the landlord and tenant, and it is highly recommended that both parties read the agreement thoroughly before signing.

    Here are 5 key things you should know about tenancy agreements in Singapore:

    1. Types of Tenancy Agreements

    There are two types of tenancy agreements in Singapore: fixed-term tenancy and periodic tenancy. A fixed-term tenancy usually lasts for a specific period, such as 6 months or a year, while a periodic tenancy has no fixed end date and continues until either party gives notice to terminate.

    2. Rent and Security Deposit

    The tenancy agreement specifies the amount of rent to be paid, the due date, and the mode of payment. In Singapore, landlords usually require a security deposit of one to two months’ rent, which is refundable at the end of the tenancy period, provided there is no damage to the property.

    3. Maintenance and Repair

    The tenancy agreement outlines the responsibilities of both the landlord and tenant when it comes to maintaining the property. The landlord is responsible for major repairs and structural issues, while the tenant is responsible for minor repairs and damages caused by them.

    4. Termination

    The tenancy agreement defines the conditions under which either party can terminate the contract before the end of the rental period. For example, a tenant may give notice to terminate if they want to move out, while a landlord may terminate the agreement if the tenant breaches any of the terms and conditions.

    5. Subletting and Assignment

    Subletting and assignment are not allowed unless the tenancy agreement explicitly permits it. If the tenant is found to have sublet the property without permission, they may be liable for legal action.

    In conclusion, a tenancy agreement is an important legal document that protects both the landlord and tenant’s interests. It is important to read and understand the terms and conditions of the agreement before signing to avoid any potential disputes in the future. If you need help drafting or understanding your tenancy agreement, it is recommended that you seek legal advice from a qualified professional.

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