2 Answers

askguru expert
Hi Anonymous, thanks for writing to us on AskGuru.

A tenancy agreement protects both the landlords and tenants whereby there are terms and conditions that both parties must abide to during the rental period. This is to prevent any disputes from both parties.

A tenancy agreement consists of the following:
- Premises: Includes the date, name of parties and address of the property concerned
- Habendum: Meaning “to have and to hold”, indicates the commencement and duration of the lease term
- Reddendum: Rent clause in the lease. Includes rent amount, deposit, service charge, rent review
- Convenants: Expressed and implied covenants
- Conditions
- Warranty

When you sign a tenancy agreement, you have an interest in the property giving you exclusive possession for a fixed period of a certain duration, usually in consideration of a payment termed 'rent'.

The essential features of a tenancy are as follows:
- Tenant has exclusive possession of the property.
- Tenancy runs for a certain or fixed period of time.
- Landlord’s rights are subject to the tenancy.
- Landlord has reversionary interest of the property upon termination of the tenancy.

A one to two year contract is referred to as a fixed-term lease where it lasts for a fixed period of time, has a definite beginning date and a definite ending date and where the fixed term tenancy comes to an end automatically when the fixed term runs out.

What you are referring to is a termination of lease which must be given by a notice to quit. In any lease including one for a fixed term, there must be a clause clearly allowing for this right to be exercised. Under section 72 of the Conveyancing and Law of Property Act, Chapter 61 (CLPA), any notice to be given under a lease must be in writing, including a notice to quit.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

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Aaron Chong
Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, I think you may have misinterpreted the rental tenancy wrongly as the tenant or landlord cannot serve notice and to terminate the lease as and when they like.

Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More

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