Thursday, November 19, 2009

Helpful Tips About Houses for Rent in Singapore

Helpful Tips About Houses for Rent in Singapore

Whether you are an expatriate stationed in Singapore for a period of time, a bachelor looking for your own pad or urgently need a place to stay but are unable to afford a whole new home yet, then renting in Singapore would be the most viable option you have. There are many things to look out for when renting a house, so these helpful tips about houses for rent in Singapore will definitely come in handy when you should decide to look for one.

When choosing a house to rent, consider its location and the facilities located nearby. Take into consideration your work place, your children’s schools, the estate’s environment, and quality of furnishing that exists in the area. Does the rental price justify the convenience that comes along with it? More importantly, is the rental price within your budget? Having a checklist of these factors will definitely be useful in helping you decide on your preferred location and the type of housing suitable for you.

Rental properties can come either fully or partially furnished. As such, it is important that you find out if the rented property is able to meet all your needs. Also, take into consideration other expenses such as your electricity and telephone bills as they form a large part of your total monthly expense. This is because they will affect the amount of money you decide to spend on rental and home maintenance each month.

After finding a suitable property to rent, you then have to submit a “Letter of Intent” to your future landlord. It is part of a formal procedure that is carried out to indicate your intention to rent the house, all which will usually be covered by your property agent. Both the landlord and you, the tenant, will then sign a “Tenancy Agreement”, bearing the names of both parties, payment details and an inventory of the contents in the house for example. You will also need to provide a copy of your passport, employment pass as well as the first month’s rental fee as an initial deposit.

There are also other fees and commissions that need to come out of your pocket when renting a property. For instance, both you and the landlord will need to pay the agent’s commission, usually in equal amounts. You, the tenant will also be required to pay a stamp fee, which varies according to the annual rent of the property. Also, Singapore Power Services (SPS) will usually require you to make an initial deposit before providing you will your utilities. The exact value will depend on the type of housing you have as well as your citizenship type.

Thus, whether you are looking for a HDB flat, Condo, or various types of landed properties, renting in Singapore today can be made easy if you know these helpful tips about houses for rent in Singapore. As such, whether you are single or married, renting a house is no difficult task if you know what to look out for and the proper steps to take.

Learn more about properties to rent in Singapore. You can search for apartments, condos or houses for rent, hdb rental and more.

By MeyerJan

Article Source: http://www.articlesbase.com/real-estate-articles/helpful-tips-about-houses-for-rent-in-singapore-724011.html