Matters Relating to Renting Flats
The Tenancy Agreement covers the terms and conditions of the renting of a property, offering clauses relating to the main aspects of the tenancy to protect and balance the interest of both landlords and tenants.
If you are planning to rent out or rent an HDB flat/ bedroom, you can take reference from these standard tenancy agreement templates drafted with input from regulatory agencies, associations representing the real estate agency industry and consumers, and practitioners who are experienced in the residential rental transaction process. These templates are just a guide, and you are free to amend the template or negotiate the terms contained in the template with your property agent to suit your needs and/ or requirements.
Rental and deposit payments
It is common practice for rent to be paid monthly. The first payment should be made on the day the tenancy starts, while subsequent payments should be made on the same day of each month. The deposit amount is usually equal to a month’s rent for a 1-year tenancy contract and 2 months’ rent for a 2-year tenancy contract. This is payable upon signing the tenancy agreement, together with the first month’s rent. The tenant should not pay more than a month's rent.
As proof of payment, the tenant should pay the rent and rental deposit by cheque. They should also move into the flat immediately after collecting the keys.
Disputes between tenants and flat owners
Any disagreements, such as the rental amount, payment or forfeiture of deposits, right to terminate tenancy, and rental periods, are private matters between the tenant and the flat owner. Flat owners and tenants should try to solve the dispute amicably and reach mutual agreement.
You should advise your tenants to read and understand all the terms and conditions in the tenancy agreement carefully before signing it.