This
so called “good-faith” deposit is paid "subject
to contract" when an offer is made on a property, but before
receiving the lease agreement. When the lease agreement has been
signed by both parties, this deposit will form part of the security
deposit which typically consists of 2 to 3 month's gross rental.
|
Properties
can be leased either partially furnished or fully furnished. Partially
furnished properties usually come equipped with air-conditioning,
basic kitchen appliances, washing machines/dryer, lighting and
drapery. Fully furnished properties on the other hand include
furniture in addition to the items listed above, like a sofa set,
dining set, beds etc. The rent for fully furnished properties
will correspondingly be higher. |
Commission
is payable to the property agency and is usually borne by the
landlord. If the rent is less than S$2,500,- per month, the tenant
would need to pay commission as well. |
