Inclusion of a Realtor
A professional real estate agent in Singapore will assist you and protect your interest in the purchase, to secure the offer for you at the best possible price. With a much better knowledge of Singapore, the agent in a better position to recommend and advice in the choice of Property. He also makes sure that all documents are in order and you agree to the rightful owner of the property.
Use only 1 agent
Most property companies share the same database of property listings in Singapore. Therefore, use only one agent at a time. If you have many agents Approach at the same time, very likely that they will show you the same property. Much confusion and embarrassment will occur if you engage many agents. With 1 agent, saving you valuable time for themselves and the agent. He will then understand your needs and requirements better viewed after a few. Only if the inability to not responding or not in the correct property you wanted, then you start to look for another agent.
Singapore Expats team has seen thousands of homes in Singapore over the years. Therefore, you can click on the tenants or buyers rely on us to give the right recommendations. We have the largest property database in Singapore, It would be totally unnecessary for tenants and buyers through other agents considered to go outside ourselves to avoid repetitive same property.
Location and price.
The decision on the correct position is very important, and it is the comfort for the family and decide for themselves. Price – Budgeting itself for an assessment of the areas and apartments or houses that are suitable for you. You have decided on the inclusion of a property, and you must prepare the following:
Documentation
- Photocopied passport
- Photocopied Employment Pass
- One month rent for the deposit of good faith
Your agent will then prepare the necessary documents for you as the "Letter of Intent and lease.
Letter of Intent
The Letter of Intent, LOI for short, is a letter proposing your intention to lease and your Requirements to the landlord. You should take note of the following:
1. Diplomatic or repatriation clause
These Clause is a safe guard you if in case you are no longer working, transferred to other countries, you may terminate the lease after 12 months by 2 months. Thereafter, the deposit refund will be able to count on. Please note that most landlords will only diplomatic clause if the lease is more than a year.
2. Good Faith Deposit (down payment)
This is the down payment, the amount is one month's rent as a rule. After Landlord signed the Letter of Intent and accept this deposit, he can not rent property to another party. This deposit is for part of the deposit or advance the rental lease is signed.
3. Deposit
The amount of the deposit is typically reported in the letter or intent. The current Practice in Singapore is usually one months rent for each year of the lease. It is payable only if the signing of the lease. If the rental period expires, the deposit refunded without interest. However, the landlord reserves the right to be deducted from the deposit all costs and expenses from the tenant for breaching any of the agreements in the lease specified.
4. Term of Lease
In Singapore, the standard lease period of more than 1 years, with or without the option, the lease whichever comes first. The lease renewal is usually for another 1 to 2 years. For the lease renewal option, the landlord would normally require that you Place 2 or 3 months to renew Advance notice of your intention to. Most landlords do not accept that leases are less than 1 year.
5. Your requirements
Make sure that all your needs and desires are in the "Letter of Intent clearly expressed. As a new sofa, new beds or new washing machine etc. After the landlord signed the Letter of Intent, he is bound by the letter, provide your wishes.
Fully Furnished (F / Furn) or Partially Furnished (P / Furn) – Fully furnished apartment is rent or a house It comes with all furniture, white goods (Refrigerator, washer and dryer) and all essential electrical appliances. Partially furnished apartments or house usually only comes with white goods, curtains, Lighting or other loose items. Although a house may be partially provided at the time of the display, you can always request the landlord to provide fully or invite him to the article, you need to obtain. All these questions are always negotiations and determine the final rent.
About the Author:
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Article Source: ArticlesBase.com – Renting Tips for Expatriates in Singapore
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This post was written by whatever on May 1, 2007
