Tenancy Agreement for HDB Flat in Singapore: What You Need to Know
If you are planning to rent an HDB flat in Singapore, then you need to be familiar with the tenancy agreement. A tenancy agreement is a legal document that outlines the terms and conditions of the rental agreement between the landlord and the tenant. It is important to understand the agreement thoroughly before signing it as it will be binding for the entire rental term.
Here are some things you need to know about tenancy agreements for HDB flats in Singapore:
1. Tenure: The tenancy agreement will specify the length of the rental period. Typically, it is for a minimum of 6 months and can go up to 2 years. The landlord and tenant can agree to renew the tenancy agreement after the initial period.
2. Rent: The rent payable will be clearly stated in the agreement. The landlord can increase the rent only after the initial rental period has expired and with prior notice to the tenant.
3. Security Deposit: The landlord will require a security deposit from the tenant. It is usually equivalent to one month’s rent for a 1-year lease, and two months’ rent for a 2-year lease. The security deposit will be refunded to the tenant at the end of the rental period, provided that there are no damages or outstanding rent.
4. Maintenance and Repairs: The landlord is responsible for maintaining the HDB flat and ensuring that it is in good condition. However, the tenant is responsible for minor repairs and maintenance such as changing light bulbs and replacing fuses.
5. Use of Property: The tenant is required to use the HDB flat only for residential purposes and not for commercial activities.
6. Termination of Agreement: The agreement can be terminated by either the landlord or the tenant with sufficient notice period. The notice period is usually one month for a 6-month lease and two months for a 1 or 2-year lease.
7. Subletting: The tenant is not allowed to sublet the HDB flat without the landlord’s written consent.
8. Utilities: The tenant is responsible for paying for utilities such as electricity, water, and gas.
9. Insurance: The landlord is required to have insurance coverage for the HDB flat. However, the tenant is advised to purchase contents insurance to cover their personal belongings.
10. Breach of Agreement: If either party breaches the terms of the agreement, then legal action can be taken.
In conclusion, signing a tenancy agreement is an important step when renting an HDB flat in Singapore. It is important to understand the terms and conditions of the agreement and seek professional advice if necessary. By doing so, both the landlord and the tenant can have a smooth rental experience.