How Do I Rent A Condo In Singapore? - Fixanswer

Yes, you can sign a rental agreement directly without involving a property agent. No law states this cannot be done. However, engaging an agent will ensure the agent markets the property for you and selects the right tenant within a short period at a market price.

Can I rent out my condo in Singapore?

If you’re a Singapore citizen or Permanent Resident (PR), you’ll be able to rent out a bedroom in your HDB flat . If you’re hoping to rent out your entire flat, on the other hand, this can only be done if you’re a citizen. PRs and foreigners are strictly not allowed to do this.

Can I rent out my condo immediately?

Yes , you can rent out your condominium once it has received its Temporary Occupation Permit (TOP). All types of private residential property are subjected to an occupancy cap of six unrelated persons per property.

Can we rent your condo?

Because you own a private property or condo, you’re free to rent it out (in whole or in part) without any government approval. However, you’re still subject to certain stipulations. Firstly, you mustn’t rent your condo out for less than 3 months at a time (this means Airbnb is a no-go).

What does it mean to rent a condo?

A condominium (what us cool kids – and everyone else – like to call a “condo”) is a private residence that is rented out to tenants like yourself . A condo is typically located in a residential building or community, but the unit itself is privately owned by an individual who becomes the landlord of that property.

How can I rent without an agent?

Make sure the property is legal and in working order. ...
Make the property presentable. ...
How much rent you should charge. ...
Know your property. ...
Think about what kind of tenants you want. ...
Market your property to find tenants. ...
Take viewings. ...
Tenant Referencing.

How do I rent out a room in Singapore?

Confirm your HDB’s rental eligibility.
Set an asking price.
Advertise your HDB for rent.
Arrange viewings for prospective tenants.
Check if your tenant is eligible.
Collect Letter of Intent and Good Faith Deposit (optional)
Apply for approval from HDB.

Can I rent my property without an agent?

You can see that it’s easy enough to rent out property without an agent. ... Going the independent route will save a small fortune in fees that you would otherwise pay to a letting agent. If you do “do it yourself”, you should find it relatively straightforward.

Can foreigners rent out condo in Singapore?

While private properties can be rented out to guests and tourists as long as it’s not shorter than three months , HDB units cannot be leased out to tourists.

Can I rent my HDB and stay in condo?

If you own a HDB and a condo, you can rent out either one or stay in both properties . ... By renting out your HDB, you will also be able to enjoy a positive cash flow every month after deducting the mortgage!

Can foreigners rent property in Singapore?

Foreigners can rent out a HDB apartment or a room although this is dependent on HDB’s quota for the block. A minimum of six months’ stay is required. For private property, the duration of the lease depends on the landlord and therefore, you should negotiate with the person directly.

What is the minimum rental period?

So how long should I let a rental property for? ... It is perfectly legal to let your property for less than 6 month. In fact there is no minimum period for an AST . Until February 1997 the minimum was 6 months, however this requirement was removed by the Housing Act 1996.

How much is a condo monthly?

Condo fees can range anywhere from $50 to $1,000 per month . The amount of the fee depends on a number of factors including: the size of the property.