In Singapore, it's not typical for tenants to pay a full year's rent upfront for HDB rentals. Here's a breakdown of common practices:
Standard Advance Payment: The most common practice is for tenants to pay an advance payment of one month's rent alongside the security deposit upon moving in.
Higher Advance Payments (Less Common): In some cases, landlords might request two months' rent as an advance payment, but this is less frequent.
Full Year Upfront (Uncommon): Landlords very rarely ask for a full year's rent upfront for HDB rentals. This can be a red flag and could indicate an unreliable landlord.
Here are some additional points to consider:
Security Deposit: The security deposit amount is typically equivalent to two months' rent.
Payment Schedule: The remaining rent is usually paid monthly in advance.
If you encounter a landlord requesting a full year's rent upfront:
Negotiate: Try negotiating a standard advance payment of one month's rent with the security deposit.
Consider Alternatives: If the landlord insists on a full year upfront, look for other rental options with more standard payment terms.
It's important to feel comfortable and secure with the rental agreement. Don't hesitate to walk away from a situation that seems unreasonable or makes you uneasy.
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