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What are the consequences of breaking a lease agreement in Singapore?

Can I terminate my tenancy agreement early Singapore?
What is the penalty for breaking tenancy agreement?
What are the consequences of breach of lease?
Can I cancel tenancy agreement early?

In Singapore, breaking a lease agreement can have serious consequences. The consequences may vary depending on the specific terms of the lease agreement and the reason for breaking the lease.

Here are some of the common consequences of breaking a lease agreement in Singapore:

Financial penalties: If you break a lease agreement before its term is over, you may be responsible for paying penalties, such as early termination fees or compensation for lost rent.

Legal action: The landlord may take legal action against you for breach of contract. This can result in a court order requiring you to pay damages or compensate the landlord for any losses suffered as a result of your breach of the lease agreement.

Damage to credit score: If you have not fulfilled your obligations under the lease agreement, it may be reported to credit bureaus and negatively impact your credit score.

Difficulty finding a new rental property: Breaking a lease agreement can damage your reputation as a tenant, making it more difficult to find a new rental property in the future.

It is important to understand the terms of your lease agreement and to take steps to avoid breaking it, such as finding a suitable replacement tenant or negotiating a mutually agreed-upon termination with the landlord. If you do find yourself in a situation where you need to break a lease agreement, it is recommended that you seek legal advice to understand your rights and obligations.

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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, are you a tenant or a landlord?

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

Hi Sir/Madam

I will be glad to assist
I am well versed in rental and has done many rental transactions

Appreciate if you can contact me at (65) 96608508  with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More