Dear Jeffrey,
The question lies within why are you concern about this clause if you do not have any intentions to delay your rental payment on monthly basis such that this clause will not have any chance to kick in? I would say it is like a deterrent clause for tenants who pay late consistently (I have met a number of such tenants). Of course, at the end of the day there is no standard legal clause since this is a private agreement between the landlord and tenant, but it could potentially be a deal breaker.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!
UK Hotel Investment opportunities from only £54k. Trusted brand name with 7% returns over 2 years at least and sound exit strategies. Low quantum hassle free investment programs for you. Find out more today!
Read More
