Ironically, the ones who will be responding to your question are the ones you are not intending to pay the commission to for finding your rental unit. I am unsure if their reason for not wanting to waste time preparing the TA is true as this is definitely not the correct explanation.
If you are looking to represent yourself in this rental, you should actually be well verse in the entire rental procedure to take it on your own. I was just communicating with a prospective tenant too, without the intentions to appoint an agent to represent for the rental they are taking up, and met with a very tricky situation now.
In a typical rental process, when a tenant has shortlisted a property to rent, a Letter of Intent has to be put up to the Landlord, with a Goodfaith deposit to the landlord presented alongside the offer, where the terms and conditions the tenants have shall be indicated clearly in the Letter of Intent. The deposit refunds clause should also be reflected in the Letter of Intent. Should Landlord accept the offer, they will keep the Goodfaith Deposit and proceed to work on the Tenancy Agreement. Once Tenancy Agreement is signed, then balance payment of the advance rental and any additional deposits required will be made to the Landlord. It is like booking a hotel stay, where you pay some form of booking fees first to confirm the hotel stay, then check in at the hotel before you make further payments of deposits and etc before you go to the room. Any deviations from above that lead to successful closure of transactions are blessings, but once there is any dispute arising, the victims would probably regret not following these processes properly.
Especially for tenants who have prior experiences in renting here in Singapore with agents who did not go through the proper process, they'd think that the experience they have gone through is a standard process, which is often what I encounter when I am doing rental transactions.
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!
Warmest regards,
Geryl Lim
Senior Division Associate Director
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
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
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