Our millionaire ministers have recently passed the Moneylenders (Amendment) Bill last Tuesday which introduced a new ruling affecting landlords. For all tenancies after Feb 1, landlords will have to provide details about their tenants to HDB. Those already subletting their flats have been given a 6-month grace period to register with the HDB.
If you’re an expat working in Singapore, a diplomatic clause is something that you can usually find, or insert, into your standard rental agreement. A bit wordy for me to post the entire clause here, so I’m just going to give you a summary.
The diplomatic clause allows you to terminate your contract after 12 months and giving 2 months’ notice. Note that landlords will allow a diplomatic clause only if the lease is for 2 years or more.
Either of 3 conditions have to be fulfilled before you can activate the diplomatic clause. You have to be:
- Transferred out of Singapore permanently by your firm
- Ceased to be employed
- Get kicked out of Singapore and not allowed to return
So, if you’re getting a lease for 2 years or more, please make sure that there’s a diplomatic clause in your contract. It’s there to safeguard guard you, just in case…