All disputes, such as the amount of rent, payment or expiration of deposits, the right to terminate the lease and rental periods, are private matters between the tenant and the landlord. Landlords and tenants should try to settle the dispute amicably and reach a mutual agreement. It is recommended that you carefully read and understand all the terms of the lease before signing it. If the MEMORANDUM of Understanding is accepted, continue with the TA &Inventory List, which must be signed by both the landlord and the tenant. Pay the balance of the deposit and rental in advance to the owner. As proof of payment, you must pay the rent and deposit by cheque. You should move into the apartment immediately after handing over the keys. The rental contract is the mandatory contract between the owner and the tenant for the duration of the rental. It is customary for rent to be paid monthly. The first payment must be made on the date the lease begins, while subsequent payments must be made on the same day of each month. The amount of the deposit generally corresponds to a monthly rent for a one-year lease and 2 months for a 2-year lease. This must be paid when signing the lease, at the same time as the first month of rental. It is recommended not to pay more than one month`s rent.
The lessor will file this rental agreement with HDB. Perhaps you would like to request a copy of this HDB authorization letter from the owner as a reference. Once the TA and inventory list have been signed, you must transfer the balance of the deposit and the amount of one month`s advance to the lessor. After receiving the ta list and inventory from the owner, check it. If tenants and landlords agree with the terms of TA and inventory list, go to the rental house to sign both the TA list and the inventory list. If you are considering renting or renting an HDB/bedroom apartment, you can refer to these standard rental agreement templates established with contributions from supervisory authorities, associations representing the real estate agency industry and consumers, as well as practitioners experienced in the real estate rental process. These templates are just a guide, and you can modify the template or negotiate with your real estate agent the terms contained in the template in order to meet your needs and/or requirements. Make sure that you and your occupancy cards have a validity period of at least 6 months at the time of the owner`s rental application with HDB. While the landlord prepares ta, please send a copy of all tenants and rental passports (Employment Pass, S Pass, work permit, student passport, Dependant Pass, NRIC, etc.) and passports for verification to the owner….