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Question about renting & job loss

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the_newguy
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Question about renting & job loss

Postby the_newguy » Mon, 14 Feb 2011 8:20 pm

Since most flats are rented for >=12 months only, I'm wondering what would happen if I lost my job, in say 3 months, and therefore no longer had an EP.
Does the tenancy agreement automatically become void in that case or would I have to keep paying the remaining 9 months anyway?

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x9200
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Postby x9200 » Mon, 14 Feb 2011 8:55 pm

Most tenancy agreements contains "diplomatic clause".

the_newguy
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Postby the_newguy » Mon, 14 Feb 2011 9:09 pm

x9200 wrote:Most tenancy agreements contains "diplomatic clause".


Well yes, but the common use (according to http://www.singaporeexpats.com/guides-for-expats/procedure-for-rental.htm) of this clause would enable the tenant to terminate _after_ the first 12 months, which wouldn't help much in that case.

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Postby x9200 » Mon, 14 Feb 2011 9:27 pm

Not sure about how common is the common use but in all our TAs (when on EP) we had it for the notice period (so 3 months or so) without these 12 months. Ultimately it is up to you to propose changes to TA and reject it of you are not comfortable with them.

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Postby the_newguy » Mon, 14 Feb 2011 9:46 pm

x9200 wrote:Not sure about how common is the common use but in all our TAs (when on EP) we had it for the notice period (so 3 months or so) without these 12 months. Ultimately it is up to you to propose changes to TA and reject it of you are not comfortable with them.


Ok, thanks!


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