DEPOSITS

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ianlaird
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DEPOSITS

Post by ianlaird » Thu, 12 Jul 2007 5:19 pm

Hi

As i will be moving to Singapore in August/September and i shall be taking a lease out on a condo.

I would like to know how many month rent needs to be put in place at the start of the lease, someone mentioned to me 1 months deposit and 2 months rent up front!

Anyone confirm this or is this the discretion of the landlord?

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joop
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Deposit for rental

Post by joop » Thu, 12 Jul 2007 6:02 pm

2 years' lease would 2 months deposit and 1 month advance rental.

For more information, please refer toProcedure for Rental.
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ksl
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Re: DEPOSITS

Post by ksl » Fri, 13 Jul 2007 4:56 am

ianlaird wrote:Hi

As i will be moving to Singapore in August/September and i shall be taking a lease out on a condo.

I would like to know how many month rent needs to be put in place at the start of the lease, someone mentioned to me 1 months deposit and 2 months rent up front!

Anyone confirm this or is this the discretion of the landlord?
what can i say? Discretion of the tenant, but it also makes sense to pay double deposit, because you are renting for two years, and if you rent for 3 it would be 3 years deposit right! It's called English, Irish and Scotish logic, that's what happens when you come to work in Singapore :lol: and :???: I am too!

I mean in most logical situations, if it's a newly decorated place, one would expect to pay suffcient to cover the cost of re-decorating, this maybe 2 or 3 months rent, depending on which country one is living, although everything is relevant to the apartment, but only if the place is newly refurbished.

I scratch my head with this 2 years 2 month deposit,

I just cannot fathom the logic, at all. 2 months rent is enough to bloody build a new apartment in Singapore, providing you have the land. (That was a joke, by the way) :roll: :wink:

when you think a 1500 sq ft costs 1,700$ to have half a dozen painters run in and finish in a day, its kind of taking everyone to the cleaners, because theres no law against it. Use your discretion Ian old son

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