In the absence of an explicit agreement on the payment of rent and cancellation conditions in case of non-payment of rent, your rental agreement means that the tenant must pay the rent on the day of due date and that the rental agreement expires for a period of 15 days after non-payment. If your property is still under mortgage, you should obtain the prior agreement of the mortgage borrower for the rental of the property. Otherwise, you risk contravening your mortgage contract and your borrower could repossess the property. In Singapore, in addition to the monthly rent and the deposit, a tenant must pay a tax (surprise!) when signing the lease. Also known as stamp duty, it must be paid if a tenant: Stamp duty is a tax on documents related to the purchase or rental of real estate. It is payable within 14 days of the date of the document (for example. B: sales contract, lease agreement); if the document is signed in Singapore. The tenants are, rightly, the ones who pay stamp duty. The party that is required to pay stamp duty is usually stated in the agreements. For example, if you are renting real estate, the rental agreement should indicate who must pay the stamp duty. Source: IRAS. (This also applies if you can negotiate well, the landlord can refund or pay the amount of stamp duty for you, but the payment should always be made in the name of the tenant). I simplified the statement in the article.
Thank you very much for the indication and the manifestation! Have a good day 🙂 A premium lease is a contract for which there is a lump sum payment. Stamp duty must be paid on the premium on the basis of BSD rates. If, in addition to the premium, rent is made, the rent must be paid by stamp duty based on the tax rates of the lease. If this is not the case, it is up to the tenant to make the stamp. It is advisable to inform him in order to provide proof in the form of a receipt once he has done so. Do you use an agent to get in touch with the tenant, and does the tenant have an agent? If this is the case, agents are advised to make this part of the agreement. You and your tenant can in principle decide between themselves the terms of the rental agreement, unless these are contrary to the landlord and tenant regulation (consolidation regulation). You must, within one month of the conclusion of a lease agreement, submit to the Rating and Evaluation Division, for confirmation, a new lease or a new renewal agreement. For late deposit, a fee of HK$310 is charged. With a copy of the notification that will be returned after confirmation, you will be entitled to take legal action to claim the rent if necessary. A fixed-rent lease is a contract for which a fixed rent is agreed in advance for the entire duration of the lease. Stamp duty on fixed rent is based on leasing rates.
This article is misleading. The rent of the space must also be stamped.. . .