Hi Andrea,
Correct me if I am wrong, you are looking to exercise the lease extension of 12 months option at the end of the 24 months lease. The original agreement has a clause indicating the diplomatic clause where you can exercise this clause after a term of 12 months by giving 2 months notice.
You are checking if landlord is right to ask for a minimum stay period in your negotiations for extension. Do you have any other clauses indicating that in the event of renewal, all the clause should remain as it is and that the diplomatic clause will be based on the initial agreement? From previous experiences conducting rental, most lease extension or renewal clause will likely cover only the period for extension as well as the right to agree on the revise rental rate according to the market. Given that you are likely to be entering into a brand new agreement for the extended period, the terms and conditions can change too. It will be in your best interest to check with a legal professional on your situation.
I have been in the real estate business since 2009, with more than 14 years 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 client's 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.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Senior Division Associate Director
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
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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