Whether you are renting a home because you have just moved from abroad or looking for the perfect location which better fits you and family, these tips will help guide you through the renting process as you look for properties to rent in Singapore.
The Right Agent and Property
When you are looking at rental properties, you definitely need to find the right rental home that fits you e.g. your lifestyle, location, facilities, transportation, amenities etc. Finding the right agent in Singapore is the first step. You can search online for reputable agents and look for those agents with a good database of properties. Most of them should be able to offer you services when new properties are available which best fits your purpose.
It’s important to use an agent that is available to show you houses for rent in line with your schedule, so look for one that is convenient- available during weekdays and evenings, as well as on Saturdays when you’re likely to have time to go and view rental properties.
Making an Offer
Once you find a rental home that you feel is right for you, the agent will submit your offer to the landlord. Your offer is subject to references being received as well as being satisfactory, and from there a letter of offer will be drawn up and followed by a tenancy agreement.
Once everything has been agreed by both yourself and the landlord the documents will be forwarded to both parties for signatures.
Before you move into your new Singapore property an inventory list is required to detail the property items and conditions. Both parties will receive a copy of this inventory. It’s important that once you move in, the inventory is list is inspected together between you and the landlord together with an agent ensuring that it is accurate. If you find any discrepancies, raise them with your agent so that they can be addressed.
The Finer Points
Before your tenancy commences you will receive the requirements showing the initial payments which is your rental deposit, and advance rent. It generally amounts to a total upfront payment of 2 months rental for a 1-year lease which includes 1-month deposit and 1-month advance rent, and 2 months of deposit and 1-month advance rent for a 2-year lease.
The tenancy will begin on the date stated in the tenancy agreement and usually 1-2 days before the actual start date, the agent will check you into the property and issue keys for you to move in.
The process of renting in Singapore is not difficult however it will be good practice to have an agent who can take good care of your best interest during the lease term, therefore it is important to do some research online before deciding on which agent to use.