Deposit - rented condo

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jag
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Deposit - rented condo

Post by jag » Wed, 21 Jul 2004 4:15 pm

Hi,

I am looking for some info about renting a condo in singapore - especially the average amount that is required as a deposit for a condo.
Can that amount be negociated?

Also, I have heard that typical tenancy agreement are for 2 years. is that fairly common?

Thanks
Jag

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brumm7

Post by brumm7 » Wed, 21 Jul 2004 4:23 pm

Deposit I paid on the condo was two months rent.
The tenancy agreement is for two years, but can give a months notice after I have occupied the property for 1 year if I move on... Its pretty easy getting a place at the moment, but make sure you have the cash flow available to cover the deposits on services, cable, apartment as you have to do when you are a foreigner.

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joop
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Deposit

Post by joop » Wed, 21 Jul 2004 4:27 pm

Dear Jag,

The standard deposit for :

1 year lease - 1 month deposit +1 month advance rental
2 year lease - 2 months deposit + 1 month advance rental

Take on a one year lease first, so that'll save you from bargaining of deposit which is normally non-neogotiable.

Cheers
Singapore Expats

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