Renting a room in Singapore can be daunting, especially if you’re new to the environment. Additionally, the renting process isn’t straightforward, making it hard to know what to do. In this guide, you will learn how to best rent a room in Singapore.
How do you know if you’re getting the best rental rates in Singapore? And how can one spot potential red flags?
Rental Conditions in Singapore
If you’re planning to rent a room in Singapore, you’ve got the following options;
Unfurnished house: This is a renovated house which is bare without items in it. Perhaps, you might only get light fittings alone. However, if you need some things to be added, you might request your landlord before you sign your tenancy agreement.
- Partially furnished house: The room comes with essential goods like curtains, white goods, and lights. But little or no furniture.
- Fully furnished-The room/apartment comes with a complete set of appliances, white goods, and furniture.
- Note, furnished houses or units are more expensive than unfurnished ones.
Rental Procedure in Singapore
Now that you’re familiar with the type of rooms you can get, you can follow the steps below if you’re interested in renting a property.
Decide on budget
Having a rough idea of how much you want to spend will help you decide on the property to rent. While deciding on a budget, ensure it is flexible enough to get a house within your preferred location
Specific Options
Before you set out to look for the best rent a room in Singapore, check the property websites and generate a list of potential options that fit within your criteria, budget, and location. Even more, you can engage an agent to help you find the right place.
Decide on the location and property
The number of family members, transport, and age is one factor you need to include in your list when looking for a facility to rent. Additionally, you might consider the distance to amenities, school, or offices.
Property Viewing
To help you make a decision, arrange for a sight viewing. It’s always critical to visit the “ideal” house during different times to understand how the neighborhood is. When viewing, you should note the areas that require repairs and notify the landlord before you move in.
Sign the LOI
Once you’ve made a choice, you need to sign a Letter of Intent. The letter details all the requirements that you need to be aware of before you move in. Beforehand, you need to pay attention to the following in LOI;
The Repatriation clause: This allows you to terminate the contract within 2-years. Within this period, you can claim your security deposit.
Good Faith Deposit: usually, this is a one-month rent. Once the LOI is signed, the property owner can’t rent the room to others as long as the amount has been paid.
Tenancy agreement
After paying the good-faith amount and signing the LOI, you’re required to sign a Tenancy Agreement. When signing this agreement, take note of the following.
- The TA and LO should match.
- You’re responsible for monthly and installation charges.
- You’re responsible for repairs that don’t exceed $100-200 unless it was due to your negligence.
Taking Over
Once you’ve signed everything, the final step is to take over the property. Ensure to check your inventory by checking all the items that are present and any defects. One last thing, make sure you collect all the keys.
Final Thoughts.
Now that you’re aware of what needs to be done to get the best rent room in Singapore, we wish you happy hunting.