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My condo tenancy expires on 22/3/2024 and tenant requests to extend till end of April 2024 which is one month plus. Is extension of less than 6 months allowed?
How to extend the lease legally especially when it comes to the stamp duty to be paid?
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4 Answers

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.

Regards
Aaron Chong
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(PART 1 OF 2)

My Answer with regards to your Question:

https://www.iras.gov.sg/taxes/stamp-duty/for-property/renting-a-property

If there is an increase in rental or the lease period is extended, stamp duty is payable on the document based on the increase in rental or the rental for the extended lease period.

However, if there is a decrease in rental or the lease period is shortened, stamp duty is not payable for the document.

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Hi, appreciate your sharing. Subject to both parties to negotiate on the renewal, able to do stamping on the 6 months. Require any help for the paperwork or admin job?
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
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The request is to extend on top of the existing term therefore it is above 3 months which is the stipulated rental period. You can check with IRAS for relevant stamp duties applicable. https://www.iras.gov.sg/taxes/stamp-duty/for-property/renting-a-property

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