Penthouse Master Room in Strata
We wonder how excited you’ll be when we tell you that the professional fees for engaging an agent are DEDUCTIBLE for your subsequent tenancies. As you’re sitting there in front of your computer, reading this page with your hand on your mouse, your curiosity increases and you are wondering this will affect you when you engage our professional services.
I’m sure that on a stone tablet somewhere there’s etched a commandment that states that “Thou Shall Not Mention The Word ‘Tax’ on a Sunday’. From the fact that even our favourite Merlion is prone to lightning strikes, it’ll be wise not to tempt the fates too much and keep this post short. And speaking of Merlions, have you heard the one where one of our beauty contestants thought it went extinct in 1965? Why do they make it so easy??
*Note: This post is now sticky! Check below for updates!
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.
The champagne’s been popped, resolutions made (and maybe already broken) and the happy haze has cleared… somewhat. Now it’s time to get back to that necessary evil known as ‘apartment hunting’. Finding an apartment can be daunting task. So here’s a few tips to get you started. Besides, it’s that time of the year for lists!
- Decide what you want.
You know that thing you do just before you’re considering dating someone where you take out a yellow legal pad and make a list of her pros and cons? Well, it’s something like that here. Like most Singaporeans, I used to stay overseas for a few years and that meant searching for a place to rent. One of the things I did before I went out hunting for girls apartments was to draw three columns on a piece of paper with the headings ‘Things I Need’, ‘Things I Want’ and ‘Deal-Breakers’.
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…