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Hi I need help.I rent out the whole unit.I got an agent to find the tenants. She got me a corporate.The unit was rented effective from 1st July.Agreement made that rental will be credited to my bank account on the the 1st of everymonth.It will be paid 1 or 2 days later if the 1st falls on an weekend. Last mth it falls on a wk end but expected the rental amount to be bank in on Monday. But Monday the amount was not bank in until I chase and send message to both my agent and corporate agent. Almost end of the day late evening the amount was bank in.This mth expected the amount in but till now haven't in.
I have to chase them everything.I already informed both the agents to tell the company HR that they have to bank in on the 1st of every mth in the morning because I got some deductions to be done by giro.if I don't have money I will in the account I will be penalise.Can the corporate be penalise if they make late payment. Pls advise.
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1 Answer

You have a tenancy agreement in place, if the tenancy agreement in place provides for the rental to be in on the 1st of each month without delay, you can seek compensation from the tenant for the delay according to the terms set out in the tenancy agreement.

I understand that most tenancy agreement prepared by a licensed agents should have provision period of 7 days for the rental to be paid, otherwise there is specific actions that Landlord can undertake to seek the payment of rental due, including claiming interest on the late payment basing on the Tenancy Agreement.

Seek assistance from your lawyer to understand the terms and conditions in the Tenancy Agreement and how you can proceed to enforce the terms and conditions. As an agent, we are unable to enforce anything on the Tenant except to chase the tenant as it is.

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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