In Singapore, a tenancy agreement does not need to be stamped to be legally valid. However, if the tenancy agreement is not stamped, it may not be admissible as evidence in court if a dispute arises between the landlord and tenant.
Stamping a tenancy agreement is a legal requirement under the Stamp Duties Act. It serves as evidence that the agreement has been presented to the Inland Revenue Authority of Singapore (IRAS) and the appropriate stamp duty has been paid. This process helps to ensure the enforceability of the agreement in the event of a dispute.
If a tenancy agreement has been signed but not stamped, it is still legally binding between the landlord and tenant. However, it may not be enforceable in court if it has not been stamped within the required timeframe.
It is the responsibility of the landlord to ensure that the tenancy agreement is properly stamped and that a copy of the stamped agreement is provided to the tenant. Failure to do so may result in penalties for the landlord.
Therefore, while an unstamped tenancy agreement may still be valid between the parties, it is advisable for both landlords and tenants to ensure that the agreement is properly stamped to protect their rights and interests.
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