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Skyrocketing rent prices in Singapore have sent some renters reeling. Rents have spiked as much as 110 per cent in recent times, making it increasingly difficult for people to find - and afford - their ideal homes.
With rent prices on the rise, it seems the best way to find a more affordable place in Singapore is through your personal connections. Tell everyone you can you're in the market and browse the expat Facebook pages for any leads.
These connections could see you end up with a great place at an attractive price.
A good real estate agent can give you that competitive edge, as they'll keep you updated on market developments ahead of the pack. While you might be happy just browsing property sites, don't forget you're not the only one doing so - rising rent prices are setting many people on edge, and there's now more demand than ever for great properties at competitive rates.
What's more, an agent can afford you great protection during handover and throughout your lease.
When it comes time for handover, don't be sucked in by a landlord's claims that minor repairs are your responsibility. These are, in fact, up to them to repair. A real estate agent can help you battle any unfair deals your landlord might try to swing your way. Landlords are also often dealing with personal repairmen, meaning they can jack up the prices. It's far better to arrange your own repairman to carry out any work your landlord's requested, as they'll usually charge you less.
Many people believe that the landlord is required to return a deposit within 14 days of you leaving the property and that further requests can't be made once you've signed the inventory. In fact, landlords often conduct a second check of the property to pick out any defects. If there's a tenant moving in just after you leave, sometimes defects that should apply to them become your issue.
If you've just moved in, don't panic. After your move, you still have 30 days to report any problems you notice. Be thorough and take photos of anything you might find.
Your list of defects can go to both your landlord and your agent. Make sure you keep updating the list of defects throughout your stay and keep your landlord updated on the state of the property.
Great communication with your landlord is important. If you need to make any repairs or organise servicing or inspections, keep the receipts and hand them over when it comes time to move.
A great practice is to leave your property in the condition in which it was given to you. Make sure it's left clean and tidy. Of course, wear and tear will arise from daily living, but make sure you don't leave any obvious problem spots or defects for your landlord to question.
You could even consider donating some of your items to charity or connecting with a waste disposal company.
Sometimes, a landlord might refuse to return your deposit. If this is the case, you can take them to small claims court. This won't cost you much, but you do need to be in Singapore to claim or have someone do so on your behalf. The process involves a mediator who will listen to both parties and try to help you come to an agreement.
Your landlord might offer you an extra month on your lease while you're looking for a new place. This sounds attractive - but don't do it. Make sure any extension is noted in writing because if your landlord doesn't play fair and doesn't give back your deposit, you won't be able to get far in small claims court if you don't have a current lease.
Let's be fair, there are more likely more unfair renters than landlords in the world. Your landlord is, after all, entrusting you with their greatest investment, so it's natural they want you to look after it and keep it in good condition. While renters might complain about a bad handover, there are plenty of stories of tenants destroying homes.
Dunman Residences, situated along Dunman Road, is a new condominium development featuring a full suite of life style facilities, amenities and exquistly designed residential units. What stands out about the project is the harmonious blend between modern design elements with abundant lush nature around. The well balanced natural space with urban touches offer a holistic living environment unlike anything else.
The Continuum at Tiam Siew Avenue is an upcoming condo development located in District 15 in the eastern part of Singapore. With 838 units, The Continuum offers a wide array of amenities including swimming pools, tennis courts, playgrounds, jogging tracks, open spaces and landscaped gardens. Residents can also enjoy access to a number of recreational activities within walking distance including shopping malls, schools and parks.
Singaporean rental prices have risen, but not all is lost! With these tips, you'll be able to move through the current market, but it also pays to be thorough...and to have a little luck in your court.