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Hi,

1. Commission is negotiable according to CEA. Market practice is 0.5 mths for any rental period less than or equal to 1 yr.
1 mth for any rental period of 12 mths to 24 mths.
2. In general 1 mth notice for landlord to react to the changes, but mainly dependent on whether any specifications listed under the tenancy agreement.

Penalty shall also dependent on conditions listed under tenancy agreement. Otherwise, it is best to discuss within both parties to come to an agreement.
Cost is too high to bring it up to any authority which does not justify for the compensation.
General market practice is half month or one month rent amount.

Hope the above answer to your main concerns, but if there are more queries, do not hesitate and feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Dear tenant,

A rental agreement is a private treaty where both landlord and tenant must come to an agreement with each other's terms and conditions prior to inking the agreement.

All terms and conditions should be stated upfront, therefore if you are looking to have a break lease clause inserted into the agreement, you will need to include this term upon making your offer. Typically the compensation is to reimburse the landlord the amount of agent fees the landlord has paid to the agent for securing the rental, in the event that there is a break lease clause in the rental agreement. If there is no break lease allowed, the landlord usually reserves the right to claim the whole amount of unpaid rental until end of contract.

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Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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