If you’re one of the many who are looking to rent a property here in Singapore, then look no further than our Ohmyhome app. Specifically created to cater to both tenants and landlords alike, it is a free online platform that can facilitate communication between people who want to deal in their properties.
If you want to learn how to use it, read this.
How to Rent in Singapore
After validating the landlord by asking for proof of ownership, aspiring tenants must first check if they are even qualified to rent an HDB flat or room. In order to pass the requirements, they must be any of the following:
- A Singaporean citizen
- A Singaporean Permanent Resident
- A non-citizen living in Singapore who holds an Employee Pass, an S Pass, a Work Permit, a Student Pass, a Dependent Pass, or a Long-Term Social Visit Pass. It must be valid for at least 6 months at the date of application or registration.
- Not be a tourist .
Prove Flat Ownership
Before getting into negotiations, it would be best if you could completely ensure that the flat owner is who says he is. You can do this by requesting them for proof of their ownership. Owners can do this by visiting the MyHDB Page and printing their confirmation found within after signing in.
Set Up the Arrangement
When the duration and the price has been settled, then the owner must produce an inventory list. On the other hand, the tenant must be able to pay a deposit – usually a month of a year’s lease – and advanced rental once the agreement is finalized. The last step is to then pay stamp duty.
Tips When Renting:
There’s nothing with taking precautions to ensure that your transaction will go smoothly. Before renting a flat or a room, it would be best if the tenant could:
- Tour the flat before agreeing to anything. This will both verify its existence and ensure that the tenant will be getting what they believe they are paying for.
- Visit the flat during the day in order to be able to inspect properly. Make sure to never go alone as there is safety in numbers.
- Research about the property’s ads in depth as it could potentially uncover signs that it could be a scam.
- Never had over payment unless a tenancy agreement has been agreed upon in full.
- Aspiring tenants should take it upon themselves to inspect the surrounding properties. Make sure that their rates are no more than 10% of what the landlord charges.
- A common mistake among those who are still in the scouting stage is that they do not compare properties that are the same. Singapore’s HDB flats come in different varieties and to the untrained eye it may be a challenge to differentiate one from the other; learn more about HDB Flat types here.
- Get to know the property by asking other tenants about what it’s like to live there. They can provide a truly in-depth description of what it’s like to live in that area.
- Decide on whether or not a fully furnished, semi-furnished, or completely unfurnished flat is enough. Only claim what is needed.
Check the Inventory of Contents
- This is a common source of dispute for many, which is why ensuring the list is well-made is essential.
- Provided by the landlord, it is a complete list of all the items on the property. Tenants should check whether or not the list is accurately done as it will stand as the official go-to document should a dispute arise.
- Landlords must be able to accurately state where each and every item is placed in accordance with the list.