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Should I choose another place and lose money or stay?

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Sergei82
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Postby Sergei82 » Thu, 30 Jan 2014 10:13 am

The moral of the story: keep your wallet away and don't flash it all the time in front of the others (so you don't assume anything afterwards).

2nd point: if you think too long, the flat you want to rent gets rented out to somebody else. Sad reality.

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x9200
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Postby x9200 » Thu, 30 Jan 2014 10:51 am

With anything that may have some legal implications (bigger than a loss of few dozens of SGDs) it is always better to clarify the situation. If I had to pay such deposit I would do it by cheque and put some remarks on the cheque.

Also for other types of agreements, i.e. A/C servicing, its always good to read before signing it. Many times I crossed out some points I did not agreed with, countersigned the alteration and nobody gave ever any sh*t about it.

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zzm9980
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Postby zzm9980 » Thu, 30 Jan 2014 12:09 pm

Sergei82 wrote:So good faith deposit need not be formalized?
I can take anything from anyone and then say it was a good faith deposit?


The OP admitted it was a Good Faith deposit though. He voluntarily gave it to the lady.

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zzm9980
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Postby zzm9980 » Thu, 30 Jan 2014 12:10 pm

x9200 wrote:With anything that may have some legal implications (bigger than a loss of few dozens of SGDs) it is always better to clarify the situation. If I had to pay such deposit I would do it by cheque and put some remarks on the cheque.


Yes, a good alternative is to give a check for the entire amount dated at some point in the future.

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x9200
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Postby x9200 » Thu, 30 Jan 2014 1:13 pm

A cheque is generally a good tool because it gives a bit more security to the issuing party but also more evenly distributes the responsibility. IIRC it was a case in Singapore where the court ruled in favor of a property buyer because the seller (Landlord) cashed the good faith deposit.

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chris_pilgrim
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Postby chris_pilgrim » Fri, 31 Jan 2014 12:27 pm

@ L-Ian

you asked if you should lose the $400 or should you stay?

i say stay and enjoy the place (which you said is convenient) for a year and move on to somewhere else lovelier :)
Last edited by chris_pilgrim on Fri, 31 Jan 2014 12:36 pm, edited 1 time in total.
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zzm9980
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Postby zzm9980 » Fri, 31 Jan 2014 12:30 pm

chris_pilgrim wrote:@ L-Tan

you asked if you should lose the $400 or should you stay?

i say stay and enjoy the place (which you said is convenient) for a year and move on to somewhere else lovelier :)


At this point the landlord is probably not very thrilled with him, so not sure I would want to stay.


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