Propnex singapore tenancy agreement

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Are you looking to rent or to rent out a property? Are you wondering where you can get hold of a tenancy agreement that protects the interests of both landlord and tenant?

Well, the Digitalised Property Transactions Workgroup has developed standard tenancy agreement templates for HDB flats and private residential properties which you can use!

• including clauses relating to the main aspects of a tenancy for parties to negotiate on, while providing flexibility by allowing additional clauses to be included;
• containing applicable clauses that govern the rights and obligations of parties; and
• providing a detailed guide to help both tenants and landlords identify specific items to look out for at the end of the tenancy.

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Landlords and tenants now have access to standard tenancy agreements which provide a common standard that is fair to all parties.

The Workgroup, which is chaired by the Council for Estate Agencies, was formed as one of the initiatives under the Real Estate Industry Transformation Map, which aims to help the entire real estate sector move towards offering digitalised, seamless, efficient, and secure transactions from end to end.

It is currently working on developing standard contract templates for the resale of private residential properties as well.

Renting or renting out a property soon? You can now find what the different stages for a typical residential rental transaction are, and the checks to carry out at each stage.

To support consumers and property agents in navigating the rental transaction process and carrying out the necessary checks, the Workgroup has also mapped out a typical rental transaction process for both HDB flats and private residential properties.

This lists the checks to be conducted by landlords, tenants, and property agents at various stages of the transaction, and shows where these checks can be conducted online at various government agency websites.

With greater clarity on the steps involved in a rental transaction, both tenants and landlords will have a better understanding of the rental transaction process and the checks that they will need to conduct to protect their interests. At the same time, property agents can use the information to ensure that the steps and checks involved are followed through as they facilitate transactions for their clients.

You can view a typical rental transaction process, as well as online resources for carrying out checks at each stage, on CEA’s website.

MND Link is an official newsletter issued by the Ministry of National Development, Singapore. Published online every two months, MND Link lets you stay updated on the latest news from the Ministry and its agencies.