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Hi, yes usually the booking fee will end up serving as the deposit for the rental,depending on the TA which will state how much deposit is required. The payment of the first month rental is usually paid upon signing of the TA, however it is up to the discussion and negotiation with the landlord on the arrangements.

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Hi, appreciate your sharing. Pending both parties to negotiate.
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Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

In most cases, it is payable upon signing of TA, however, these are all private agreements and as long as both landlord and tenant are agreeable on the payment schedule, it can be arranged in 2 months time too.

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Understanding HDB Rental Agreements
In Singapore, renting an HDB flat involves several steps, including the payment of a booking fee, the signing of a Letter of Intent (LOI), and the signing of a Tenancy Agreement (TA). Here’s a detailed explanation to address your questions:

Booking Fee and Security Deposit:

Booking Fee: This is typically paid when both parties agree to the rental terms and sign the LOI. It shows the tenant’s commitment to renting the property.
Conversion to Security Deposit: Yes, the booking fee usually serves as part of the security deposit once the TA is signed. The security deposit is typically equivalent to one or two months’ rent, depending on the length of the lease.
Payment of First Month's Rent:

Timing of Payment: The first month’s rent is usually due upon signing the TA, not at the move-in date. This ensures that the landlord receives a commitment from the tenant.
Move-in Date: Even if the move-in date is two months later, the first month’s rent is generally paid immediately upon signing the TA, BUT YOU MAY ALSO NEGOTIATE WITH LANDLORD'S APPROVAL
TO PAY 2 MONTHS LATER BEFORE MOVING IN ,
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