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T(65)6259 0880
F(65)6353 3070
1 Goldhill Plaza
#02-47
Podium Block
Singapore 308899
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At the beginning of a tenancy, the
tenant will need to:
- complete an inventory list and
return it to the lessor/agent.
Prior to moving in, a property inspection with the tenant
and lessor/agent will be conducted to determine the
condition of the premises and the state of repair of the
chattels. The result will be recorded in the inventory
list.
It is an important way of showing the property
is in the same condition when the tenant moves out as when
the tenant moved in.
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» what a holding deposit is ...
Prospective tenants may be required to pay a holding deposit
for premises they wish to rent.
The time period for which a
holding deposit will apply is negotiated between the
prospective tenants and the lessor/agent, and should be stated
on the receipt for the deposit.
On accepting a holding deposit, the lessor/agent
must ensure the property is available if the prospective
tenant proceeds with the tenancy, and must give a signed
receipt.
If the prospective tenant does not proceed
with the tenancy, and advises the lessor/agent within the
holding period, the entire holding deposit must be refunded.
The lessor/agent can keep the holding
deposit if the prospective tenant:
(i) fails to notify the
lessor/agent of their decision not to go ahead with the
tenancy within the agreed holding period; or
(ii) indicates
that they will proceed with the tenancy but then fails to
enter into the tenancy agreement.
When a tenant signs a tenancy agreement
after paying a holding deposit, the holding deposit becomes
part of the rental bond. Any surplus amounts then become rent
paid in advance.
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