3 Answers

Daniel Tan
Hello!

Good day to you!
I am Daniel Tan from PropNex Realty.

The common practice is the forfiture of the initial deposit and the pro-rated refund of the agent commission (in your case, 21/24 X 1 month commission + GST).

Hope this helps.

Any further queries?
Do not hesitate to contact me for a non-obligated discussion on how I can assist with your real estate needs.

Have a great day ahead.

Best Wishes

Daniel Tan
PropNex Realty Pte Ltd

T: (+65) 9477 5100
E: daniel.tck@outlook.com
FB: @danieltanpropnexrealty
YouTube: danieltanpropnexrealty Read More

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Geryl Lim
Dear tenant,

Subject to the signed tenancy agreement terms and conditions, it is not as straightforward as forfeiting your security deposit and paying 1 month agent commission. Most 2 year lease for foreigners has a diplomatic clause that can be applied after 12 months stay and will require the tenant to give a 2 months notice to landlord in order to vacate, but this clause only applies if tenant need to move out of Singapore.

Otherwise, tenant will be subjected to compensate the full amount of the tenancy agreement, therefore in your case, landlord can go after the balance 21 months rent which you have not fulfilled. 1 of my rental transaction was quite similar to this, where tenant just renewed for 2 years lease but was posted out of Singapore by the office just about 3 months into the new tenancy agreement. Landlord took legal action against the tenant and tenant had to pay the remaining months of rent until they fulfilled the duration of lease where they can invoke on the diplomatic clause.

Read the tenancy agreement carefully and if you are unsure about the terms and conditions, I will advise you to seek professional legal assistance.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at 81577565.

I look very much to hear from you soon.

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw

Regards,

Geryl LIM
Consultant - Director
Century 21
CEA Reg R014783H
www.geryllim.com
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com

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OHMYHOME PTE LTD
Your tenancy agreement will show such compensation details in the event of break lease case.

Hope the above helps.

Richmond Chia
Ohmyhome
97276897 Read More

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