Yes, the agent it 100% correct, although it was perceived by many consumers that deposit for 1 year lease is only 1 month.
In fact, it is increasingly common from my experience for landlord to look at 2 months deposit minimum even for 1 year lease, especially during this covid period where there are quite a number of expats who had to relocated due to employment despite on a lease that has no premature termination clause. Landlords stand to lose not only rental income due to the situation and it becomes worse when apartment is in poor shape when tenant leave.
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: firstname.lastname@example.org / email@example.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
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