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Renting Property

Asked by k***@yahoo.com.sg 11 Nov 2022

I signed a 2 years Tenancy Agreement in Dec 2021. Come December l, am I able to negotiate a higher rent due to higher mortgage interest and higher maintenance costs ?

Thanks

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Geryl Lim · Answer 1 · 2022-11-11T20:32:29+08:00

Geryl Lim

Replied 11 Nov 2022

Did you go through the tenancy agreement to see if there is such a clause that allows you to revise the rent according to rental market or interest rates and rising maintenance costs? What if in the event of market downturn, your tenant also look into revising the rent downwards? Will you be ready to slash rental in the middle of a tenancy term? Read More

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Aaron Chong · Answer 2 · 2022-11-12T00:33:53+08:00

Aaron Chong

Replied 12 Nov 2022

Hi,

I’m afraid you would have to wait till the end of the lease before you could ask for any increment of rental.

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

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Silvia Yang · Answer 3 · 2022-11-12T19:25:21+08:00

Silvia Yang

Replied 12 Nov 2022

Hi Sir/Madam

It will be depend if there is a clause in TA that mentioning about this

I will be glad to assist. I am well versed in rental and has done many rental transactions

Appreciate if you can contact me at (65) 96608508 with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More

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