Dear sir/madam,
Quoting what is stated in the CEA (the regulatory body for real estate agents):
Your property agent is responsible for safeguarding your
interests in a property transaction. He should assist you in
the following ways:
• Advise you on your eligibility to rent out or rent a
property/room
• Arrange for property viewings
• Provide help and advice to you throughout the
rental transaction
• Represent you in negotiations with interested
prospective parties
• Promptly forward to you all offers or expressions of
interest from interested parties or their property agents
• Assist you to enter into a binding agreement and
explain all relevant forms and documents to you
You can download this consumer guide at https://www.cea.gov.sg/docs/default-source/default-document-library/resi_rental_cea-consumer-guide9d993933f22f6eceb9b0ff0000fcc945.pdf
Their duty typically ends once the apartment has been handed over to the tenant, but I do understand that most agents follow up with any issues throughout the entire tenure on a goodwill basis. I have recently assisted my landlord to arrange for contractor to look into tenant's feedback on leaking kitchen sink to the cabinet causing the wood to rot and other issues where this tenancy is into its 3rd year, just to quote 1 incident of the follow up services I have undertaken.
Should premature termination of lease clause be absent from the tenancy agreement signed, landlord should discuss with the outgoing tenant the compensation terms for terminating the lease prematurely, and reserve the rights to take legal actions against the tenant.
The commission for renting an apartment is half a month of rental fees for every 12 months lease or part thereof. GST is applicable on this amount.
I hope I have addressed your questions above, and should you have further questions, feel free to get in touch with us in private for further discussion. I have concluded 8 rental transactions since November 2019, and have been consistently clocking in rental transactions over the past few years and I hope that my experience in this field will be able to benefit you as a landlord.
Warmest regards,
Geryl Lim
Associate Deputy 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
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772
Read More
