15 May '18, 1am

6 things you need to include in the tenancy agreement

Giving your house out on rent is a huge decision! You may have lived there and made it a home full of memories, or you may have just bought it with your hard-earned money as an investment. Either way, the asset remains precious. If renting it is what you decide, then it is prudent to keep some safety checks in place to ensure it plays out well for you. It is estimated that expats comprise 40% of Singapore’s population, making the property and rental market very dynamic. While there is a pretty standard process for documentation, you can also check out your rights as an owner online. We have six crucial details that you must ensure that you include in your contract to make your life easier. 1. Cap on repairs Usually, a tenant needs to pay for minor repairs amounting to $150. The homeowner has to pay anything more than that. In case you are providing premium furniture and fi...

Full article: https://www.iproperty.com.sg/news/6-things-you-need-to-in...

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