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Rent Condo in Singapore

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Understanding Rent Condo

Renting a condominium in Singapore is a popular choice for both locals and expatriates seeking comfortable living with facilities like pools, gyms, and security. Whether you’re a tenant looking for a hassle-free stay or a landlord seeking to lease your property, understanding the rental landscape is crucial to ensure a smooth experience.

Eligibility Criteria

For Tenants:

  • Foreigners: Most foreigners can rent private condos without restriction, unlike HDB flats that have tighter rules.
  • Singaporeans & PRs: No restrictions apply for renting condos.

For Landlords:

  • Must comply with the Urban Redevelopment Authority (URA) guidelines, including:
    • Minimum lease period of 3 consecutive months.
    • Maximum occupancy limits (usually no more than 6 unrelated persons).
    • Ensure the unit has the proper usage approval (residential use).
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Financial Planning

Before entering into a rental agreement, it’s important to assess your budget and understand the costs involved:

For Tenants:

  • Monthly Rent: Varies based on location, size, and facilities.
  • Upfront Costs:
    • Security deposit (typically 1-2 months’ rent).
    • First month’s rent.
    • Agent fee (usually half to one month’s rent for leases over a year).
  • Recurring Costs: Utilities, internet, minor repairs, and possibly maintenance fees if stated in the contract.

For Landlords:

  • Mortgage repayments (if applicable).
  • Maintenance fees for condo facilities.
  • Property tax (higher for investment properties).
  • Agent commissions (typically 1 month’s rent for a 2-year lease).
  • Regular maintenance and repairs.

Do you need help to rent Condo in Singapore?

At Haohaoguo Realty, we are committed to making your condo rental journey in Singapore smooth and hassle-free. Whether you’re a landlord looking to lease out your condominium for additional income or a tenant searching for a comfortable, well-located home with great amenities, our experienced team is here to offer personalised guidance and dedicated support every step of the way.

Contact us now

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The Rent Process

For Tenants:

  1. Search: Identify your preferred location, budget, and needs.
  2. Viewings: Arrange property viewings with agents or directly with landlords.
  3. Offer: Submit a Letter of Intent (LOI) and negotiate terms.
  4. Tenancy Agreement: Review and sign, ensuring clear clauses on duration, renewal, and repairs.
  5. Handover: Conduct an inventory check and take possession of the keys.

For Landlords:

  1. Prepare Property: Ensure the unit is clean and in good condition.
  2. Marketing: List your property or engage an agent.
  3. Screen Tenants: Verify tenant profiles and documents.
  4. Agreement: Draft and sign the Tenancy Agreement.
  5. Handover: Provide keys and an inventory list, and collect the security deposit.
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Guidance related to Rent Condo in Singapore

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Can I rent a condo to foreigners?

Yes, you can rent your condo to foreigners in Singapore. Unlike public housing (HDB flats), private condominiums have no nationality restrictions for tenants, making them a popular choice for expatriates and foreign professionals looking for long-term stays.

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How much is the agent fee for renters?

For renters, the typical agent fee is half a month’s rent for a one-year lease or one month’s rent for a two-year lease, payable upon signing the Tenancy Agreement. However, if the rental price is above $3,500/month, tenants may not need to pay an agent fee, as it is usually covered by the landlord.

FAQ

The standard lease period is 12 to 24 months, with a minimum of 3 months as per URA regulations.

Early termination depends on the Tenancy Agreement. Some contracts include a diplomatic clause allowing early exit under specific conditions.

Minor repairs (usually below $150) are typically the tenant’s responsibility. Major repairs are covered by the landlord unless caused by tenant negligence.

It’s optional, but agents provide valuable support in negotiations, paperwork, and ensuring legal compliance.

Usually, 2 months’ notice is required, but always check the terms of your contract.

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