A tenancy agreement will usually indicate the lease commencement date and the lease duration, and in the absence of a premature termination clause in the agreement, it implies that neither party can terminate the agreement prematurely. In cases where tenant wishes to terminate early, the usual case of damages that can be claimed is the outstanding rental amount of the tenancy agreement that has not been fulfilled. In the event of the landlord terminating, it can be more tricky especially in current rental market where rental is at its peak, thus the tenant who is settling for the next unit maybe paying much higher rent than current.
Regardless who is the suffering party, he or she will still need to initiate legal proceedings in order to enforce his or her rights and interest based on the agreement signed. A premature termination can only take place when both parties are agreeable to the terms and conditions raised in the absence of a premature termination clause.
Hope the above helps.
I have been in the real estate business since 2009, with more than 13 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
Associate Group Director
Salesperson Registration No. R014783H
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
[main]
+65 6471 8888
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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