Existing a lease early

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quidsin
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Existing a lease early

Post by quidsin » Thu, 16 Oct 2008 11:29 am

Hi

We have a 2 bed apartment but with baby number 3 on the way we are going to need a 3 bedroom. The problem i have is that I am only 10 months into my existing lease and I want to exit it to look for a larger apartment. I doubt the landlord will oblige since we could probably get our current apartment for 1.5k per month cheaper at the moment as rates have decreased over the last 6 months considerably and he won't get another tenant at what I am paying.

Therefore, what are my options?

I was thinking of exercising the diplomatic clause after 12 months by supplying the landlord with a mock letter, but does anyone know what checks they perform, if any, to validate it's authenticity?

Any feedback would be appreicated

thx

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Bafana
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Post by Bafana » Fri, 17 Oct 2008 10:46 am

Your call but if you get caught he can sue you and that may cost you a lot more - Best to talk with him and see how.

It's like all Contract's and Investments, soemtimes you make a dud one and you have to live with it. If the guy has any sense he will renegotiate arther than hard ball it as you could cut and run leaving him with nothing in a depressed market.

Is your Contract 12month solid than 2 months notice after that - If 2 months notice only and no 12 month give him his notice and he will get the message.
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quidsin
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Post by quidsin » Fri, 17 Oct 2008 11:24 am

Thx for your comments.

The contract is 2 years, diplomatic clause can be exercised after 12 months but with 2 months notice...

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Post by Bafana » Sun, 19 Oct 2008 2:28 pm

In that case suggest you try and renegotiate if you cannot leave Singapore since one phone call to MOM will confirm if you are still the country or not.

It's a Contract after all so deal with it the same way you would with any.
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