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Hi,

With regards to an earlier question on renting out property, what is the typical protocol in the following cases

1) How many months advance rent can a landlord collect? Under what condition should he/she return the advance rent (full and partial)?

2) What happens if the tenant or landlord wish to terminate the tenancy in advance of the lease period? What should the landlord do if there are arrears in the rental payments? Certainly, we can't go after the agents who brought them in the tenants in the first place.

3) How should the landlord recover damages caused by the tenant?

4) What happens in the case when the landlord disposes of the unit in the middle of the tenancy? Should he give back the advance rent he collected? To whom?

Thanks in advance for answering.
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1 Answer

Hi Francis X,

Generally, security deposit is collected at 1 month for a year or less rental and 2 months for any rental above 1 year, however, this is not a regulation.

As for the other issues in terms of arrears in rental, you can state the terms and conditions in the tenancy agreement to be signed by the prospective tenants just like the damages, which should be assessed usually at the expiry of tenancy. There is no hard and fast rules, all these terms and conditions are usually stated and agreed upon before commencement of any rental.

As for any units with tenancy sold, security deposit and any advance rental shall be transferred to the new owner.

Hope the above is sufficient information for you and should you require any assistance in renting your unit, feel free to contact me via mobile (+65-81577565  ) or email (lim.geryl@yahoo.com.sg).

Thank you.

Regards,
Geryl LIM
CEA Reg No R014783H Read More
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