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Hi,

To my understanding for residential it is not going to help the buyer to get higher loan since the rental income is not legally under his name. I think its better you find out the reason why the buyer would need such details. Furthermore they have not even offered or provide any consideration to start any deal discussion. Is he or she concerned about the tenant profile?

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Hi, the tenancy condition for the residential unit does not affect the bank loan amount , and further more the details of the tenancy agreement won't change the bank loan given to him. Is there any other reason why he is requesting for it?

If you are in the process of a property journey be it in renting/selling/buying/investing and you are looking for someone to assist you, I will be avaliable Do reach out to me for assistance.

Landon Chew
 97396040 
Landonchew@email.com Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, I feel that the buyer could just want to see the proof of the TA with regards to the rental amount as well as the tenant profile staying in the unit before deciding on making an offer.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

I don't think obtaining the tenancy agreement will allow the prospective purchase obtain a higher bank loan. I have done multiple sale with tenancy before and this is definitely not something I have encountered with. While it is common for prospective buyers to verify the copy of tenancy agreement before committing to an offer, this is definitely not a must. Only when the Option To Purchase is granted to purchaser, the vendor will then need to furnish a copy of the tenancy agreement if it is selling with tenancy.

I have been in the real estate business since 2009, with more than 14 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!

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I have been in the real estate business since 2009, with more than 14 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 wi Read More

Hi Sir/Mdm,

The buyer's bank loan is dependent on his income and age and has nothing to do with whether the property is tenanted or owner occupied. For my sellers, I usually provide the tenancy agreement only after the OTP is issued as the tenancy may contain sensitive information which you do not wish the buyer to know during the negotiation stage.

Please feel free to contact me so that I can understand your concerns and assist you further!

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

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Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
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“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer) Read More

Hi,

The Tenancy Agreement is not a strong basis to get a higher loan from the bank, though it may aid in securing a higher Valuation of the property, which may in turn increase the loan amount the Buyer can secure.

Also, the Buyer may wish to verify the Tenancy details before committing to the purchase.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Hi, appreciate your sharing
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

No, in Singapore, it's not typical for a potential buyer to request a copy of the Tenancy Agreement before making an offer on a tenanted condo. Here's a breakdown of the situation:

Buyer's Request:

The buyer's request to see the Tenancy Agreement might be due to their stated reason (higher loan approval) or other motivations. However, it's not a standard practice.

Loan Approval and Tenancy Agreement:

Banks typically base loan eligibility on the property's value, borrower's income, and creditworthiness. A Tenancy Agreement shouldn't directly influence the loan amount.

Protecting Your Privacy:

The Tenancy Agreement contains sensitive information about your tenant, and sharing it without their consent might be a privacy concern.

What You Can Do:

Offer Alternatives:
Provide the buyer with basic information about the tenancy, such as the remaining lease term and monthly rent.
Offer to connect them with the existing tenant if they have specific questions about the tenancy (with the tenant's permission, of course).
Set Boundaries:
Politely explain that sharing the full Tenancy Agreement isn't standard practice due to privacy concerns.
Focus on Negotiations:
Encourage the buyer to proceed with an offer if they're genuinely interested in the condo. Negotiations can happen after an offer is received. Read More

IF you Need Further Help--->> like : Renting / Selling / Buying or Investing Read More

Hi,

It's important to note that the tenancy agreement won't assist the buyer in securing a higher bank loan since it's not signed under their name. This isn't standard practice.

Hope it helps,

This platform does not allow me to contact you directly so kindly contact me at
https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by
your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several
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Samantha (Resale condo buyer) Read More