Rent Landed Property in Singapore
Understanding Rent Landed Property
Landed properties in Singapore, such as terrace houses, semi-detached homes, and bungalows, offer unique advantages over high-rise residences. For tenants, they provide privacy, larger living spaces, and exclusive amenities like gardens and swimming pools. For landlords, renting out a landed property can generate stable rental income, especially in prime areas like Bukit Timah, Sentosa Cove, and Holland Road.
Unlike condominiums, landed properties require more maintenance and may have different lease agreements. Landlords must ensure their property is well-maintained to attract tenants, while tenants need to consider upkeep responsibilities before committing to a lease.
Eligibility Criteria
For Tenants:
- Foreigners & Expats: There are no restrictions on renting landed properties in Singapore, except in areas like Sentosa Cove, which may require additional approvals.
- Minimum Lease Period: The Urban Redevelopment Authority (URA) mandates a minimum rental period of three months for private residential properties. Short-term rentals, such as Airbnb, are not permitted.
- Required Documents: Tenants must provide valid identification (passport, employment pass, or work permit) and proof of income to secure a lease.
For Landlords:
- Property Ownership: Only property owners or those with legal authorization can lease out a landed property.
- Legal Compliance: Landlords must comply with Singapore’s housing regulations, including adhering to URA’s rental guidelines.
- Lease Agreements: A properly drafted Tenancy Agreement (TA) is required to outline lease terms, security deposits, and maintenance responsibilities.
Financial Planning
For Tenants:
Renting a landed property requires careful financial planning. Key costs include:
- Monthly Rent: Rental prices for landed homes range from SGD 5,000 to SGD 30,000+ per month, depending on size, location, and condition.
- Security Deposit: Typically one month’s rent for a one-year lease or two months’ rent for a two-year lease.
- Stamp Duty: Tenants must pay 0.4% of total rent for leases exceeding one year.
- Utilities & Maintenance: Tenants may be responsible for water, electricity, internet, garden care, and pool upkeep.
- Agent Fees: If an agent is engaged, tenants may pay half a month’s rent for a one-year lease or one month’s rent for a two-year lease.
For Landlords:
Landlords must also consider financial aspects such as:
- Property Maintenance: Regular upkeep, including plumbing, electrical systems, and pest control, is crucial to keep the property in good condition.
- Property Tax: Landlords must pay higher property tax rates for rental properties, as opposed to owner-occupied residences.
- Agent Commission: If engaging a property agent, landlords typically pay one month’s rent for a two-year lease.
- Insurance: Landlords should consider landlord insurance to protect against property damage and tenant-related risks.
Do you need help to rent / rent out Landed Property in Singapore?
At Haohaoguo Realty, we are committed to making your landed property rental journey in Singapore smooth and hassle-free. Whether you’re a landlord looking to lease out your landed home for additional income or a tenant searching for a spacious, private residence in a prime location, our experienced team is here to offer personalized guidance and dedicated support every step of the way.
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The Rent Process
Property Listing & Search – Landlords list their property through an agent or online platforms like PropertyGuru, 99.co, and SRX. Tenants browse available listings based on budget, location, and lifestyle preferences.
Viewings & Negotiation – Tenants schedule property viewings to inspect the home’s condition and discuss lease terms with the landlord, including rent amount, maintenance responsibilities, and additional clauses.
Letter of Intent (LOI) – Interested tenants submit an LOI along with a good faith deposit (typically one month’s rent) to express their commitment to renting the property. This document outlines the main rental terms.
Tenancy Agreement (TA) – Once both parties agree on terms, a Tenancy Agreement is drafted. It includes details like lease duration, termination clauses, and security deposit terms. After signing, tenants must pay the security deposit and first month’s rent.
Handover & Moving In – Before moving in, both parties conduct a handover inspection and document the property’s condition. Tenants set up utilities and arrange for any necessary maintenance.
Guidance related to Rent Landed Property in Singapore
What should I consider before renting a landed property in Singapore?
Before renting a landed property in Singapore, consider key factors such as location, budget, lease terms, and maintenance responsibilities. Ensure the neighborhood suits your lifestyle, with proximity to schools, workplaces, and amenities. Budget wisely, factoring in not just rent but also additional costs like security deposits, stamp duty, and utility bills. Review the tenancy agreement carefully, including clauses on lease duration, renewal terms, and potential penalties. Since landed homes require more upkeep than apartments, clarify maintenance responsibilities with the landlord to avoid unexpected costs. Working with a reliable property agent can also help streamline the process and secure the best deal.
Are tenants responsible for the maintenance of a rented landed property?
Tenants are typically responsible for minor repairs and regular upkeep, such as lawn care, pool maintenance, and pest control, unless otherwise stated in the tenancy agreement. Major structural repairs, such as roof leaks or plumbing issues, usually fall under the landlord’s responsibility. It’s important to clarify these details before signing the lease to avoid misunderstandings. Some landlords may offer maintenance services as part of the rental package, while others may require tenants to engage their own contractors. Always ensure that maintenance responsibilities are clearly outlined in the agreement to prevent unexpected expenses during your tenancy.
FAQ
Yes, foreigners can rent landed properties without restrictions, except in specific areas like Sentosa Cove, which may require approval.
The minimum lease period is three months, but most landlords prefer one- or two-year leases.
Tenants are usually responsible for minor repairs, gardening, and pool maintenance, while landlords handle structural issues.
For leases exceeding a year, tenants must pay 0.4% of the total lease value in stamp duty.
Subletting is only allowed with the landlord’s permission, and short-term rentals (less than three months) are strictly prohibited.