19 May '16, 12pm

Leasing firm under scrutiny insists that it did not violate regulations.

LMB Housing Services insists that its business does not operate outside the legal barriers. LMB Housing Services, a company that leases units at private condominiums and sublets them, said it explicitly informs potential clients and tenants that renting a private property here for less than six months is prohibited. “Our contracts clearly state that it is illegal to offer leases for less than six months in Singapore. Our website is extremely clear on that too,” LMB’s co-founder Franck Boullier told PropertyGuru . The company has also been working closely with the Urban Redevelopment Authority (URA) to ensure compliance. In fact, the agency has been inspecting its units over the past few years, and these inspections were found to be satisfactory. This is in response to a recent report in The Business Times alleging that the company uses clever wording of its tenancy agreeme...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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