Apart from the Good Faith deposit, the next amount the tenant would have to pay in advance would be the surety. This will be paid for when TA is signed, with the agreement of both parties on the terms set out below. The deposit is usually an increase in the monthly rent, and can be used to pay for the last month of stay. It can also be transferred from the Good Faith Deposit. The tenant is responsible for the maintenance of the leased land, performs minor repairs at his own expense. In a standard agreement, the tenant is only liable if the amount of the repair does not exceed 100 or 150 S. One of the most common questions for homeowners when it comes to renting their property in Singapore is: is it mandatory to pay the brokerage fee for the extension of the rental? This is hardly surprising, as there have been many cases of owner complaints about homeowners on the Internet. The most common complaint is that immediately after the signing of the lease agreement (TA) and commissions are paid, no squeaking is heard by the agent for the duration of the lease. But the extension arrives, the agent suddenly returns to the request of a commission for the renewal of the lease. TT Anwalt alleges that LL violated the agreement by not proposing the extension option and asserted that LL had openly marketed to other potential TTs. Once the Memorandum of Understanding has been duly signed. The landlord is preparing the lease. The potential legal fees for contracting are usually the responsibility of the tenant.
However, if the owner`s consent is acceptable, there is generally no legal fees. In rare cases where the lease does not pass due to litigation, or if you decide to close as a tenant, it is the money that is at stake. For the latter, you will not be able to recover your Good Faith deposit. Hello, can I get a rent extension with my tenant by a simple email or letter with indication of the new rental period and that the conditions are under the current tenancy agreement? Is it legally binding? „At the request of the tenant, the lessor will make no less than two (2) calendar months before the expiry of the tenancy agreement established here and if, at the time of this application, no violation or non-violation of any of the agreements and the tenants grant the tenant rent of the premises for an additional period of one (1) year from the expiry of the tenancy agreement established here. If you have asked a broker to negotiate the agreement, you can contact them for advice.