1. Select an agent It is your decision if you would like to use the services of a real estate agent but one recommends to him in order to help you to seek the property which you like but to also help you in all the small details and writings which are included in a transaction of this type.
2. Location and Price Decide where you would like to seek your house which is convenient for you and your family. Determine which scale of price you can allow yourselves on your budget to pay the rent of the house.
3. Documentation When you decide property to rent, you must lay out a photocopy of your valid passage of passport and employment to prove your identity and statute. You must also give a deposit in good faith are equivalent to a hiring of the month. Your agent will provide for you your letter of intent and the agreement of rent.
4. Letter of Intent It is a letter stating your intention to rent or rent the property for a certain period. It must contain following inclusions:
a. Diplomatic Clause It is right to make sure that you can recover your deposit of safety after termination of your lease after 12 months if your employment would be finished before the year is finished or you are transferred to another place. One allows you to give 2 months of notification before the departure. The owners allow usually this clause when the lease is prolonged with more than one year.
b. Good faith Deposit The deposit is used as fees of reservation with the property, which is equivalent to a rent of month. This will form part of the hiring of deposit or in advance of safety after the signature of the agreement of renting.
c. Security Deposit
The amount given like security deposit is equivalent to a month for each leasing of the year that is payable after signing in the renting agreement. This consolidates when the ends of the leasing term, without interest. The proprietor has the right to deduce all the costs of the renter for any opening in the indicated conditions of the contract in the renting agreement.
d. Term of Lease The standard period to rent out of a property is more than one year, which can include the option to replace the lease. The renewal of the lease can be up to 2 years. If a renewal is envisaged, you must give at least 3 months of notification of your intention. The majority of the owners do not accept the beams which are less than one year.
e. Your Requirements You ensure that you include all your conditions and requests on your letter. You can require your request once that the L letter of intent is signed by the owner.
5. Tenancy Agreement When the letter of intent is signed by the two parts, the agreement of rental will be prepared by the agent of the owner. All the legal fees of the agreement are supported by the tenant. But if the limits and the agreement of the owner is acceptable, there is no legal fee which are necessary to be paid. You will pay the remainder of the rental of deposit and in advance of safety after the signature of the agreement of hiring. One month the anticipated rent is required plus the one month deposit according to the number of years for the lease.
6. Taking Over the Property A list of inventory will be prepared by the owner before giving the property more. Review the list and check the enumerated articles if it is in good working condition. If you have any questions, downwards note it on the inventory so that the owner does something about it.
Mindy Yong 杨雯诗
CEA Registration Number : R021232Z
(+65) 91002985
mindy@mindyyong.com
KF Property Network Pte Ltd
CEA Licence Number : L3008430D
