Precautions to take when finding rental in Singapore

Singapore Room & House For Rent, Sale, Buy, & Sell 

Precautions to take when finding rental in Singapore

Sponsored Links
Guest	Precautions to take when finding rental in Singapore 10 Jul 07 10:04 pm Posted: Tue, 10 Jul 2007 4:28 pm Post subject: What Precautions to take when finding Rental? -------------------------------------------------------------------------------- Hi Friends, seems like the property industry is damn hot in Singapore now. Prices are soaring high to nearly 7.9%. According to the papers, it's the highest rise for the past eleven years ever. Folks here who own properties; selling properties; helping others to sell; etc. hence, must be enjoying earning the big share of this cake right now. There goes the saying; "the wealthy becomes wealthier." However, has anyone give a spare thought for those who (especially tenants) out there seeking acommodations with restricted budgets in their pockets? Are they able to cope with such a big cut under their pockets just for the sake of having a roof over their heads? "The poor becomes poorer"... Is that really the case... even in Singapore? What's more... Some people make use of this hot market right now out to cheat tenants' hard earned savings 'openly / legally"... "Invalid tenancy agreements; Owners running away with tenants' deposits & rental; Irresponsible & ill-mannered agents & owners; Blood-sucking commissions fees; etc"... I mean... What's all these complaints doing here? What does this shows? What kind of Singaporeans are we trying to tell the others / foreigners? Really, those people who got conned for their money by these nasty folks who aren't shameful of their actions. My heart really goes out to them. That's sad isn't it? Hey guys, shall we just do something for those who are seeking rental in Singapore? In order to protect their own interests? Give a thought to whatever you have in mind after reading the qns below. (1) What are the conditions to take note upon signing the tenancy agreement? (2) What are the common loopholes people tend to miss out when signing the agreement? (3) What other kinds of documents should tenants request from the owners & agents upon signing the agreement? (4) Are none approved units safe to rent? (5) How do you know whether the flat you renting is an approved unit? (6) What are the risks of renting an unapproved unit? (7) What precautions to take if you are renting an unapproved unit? ( How & where to find professional & reliable agents? (9) What kind of rental & commissons rates tenants are going to expect? (10) What other procedures should tenants take to ensure the vaildity of their tenancy agreement? (11) Where & how to seek help when tribulations arise? I am sure most sp'orens do still have a heart of empathy. Come On guys, let's just do bit for the small society here, shall we?