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Sign LOI and Tenancy Agreement

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Sign the Letter of Intent (LOI)

Once you decide on the home you want to rent you usually then sign a Letter of Intent (LOI), which states your intention to lease, as well as any requirements you have. Pay attention to the following components of the LOI:
·Booking/Good Faith deposit - one month’s rent.
·Security deposit - one month’s rent per year of lease
·Lease term: Standard lease term is one year or more. Monthly rental mey be higher for shorter leases
·Requirements: State your requirements clearly e.g. change mattress  
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More about Letter of Intent here
Sample Letter of Intent​
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Sign the Tenancy Agreement

After signing the LOI and putting down a deposit, you will then sign the Tenancy Agreement. You will also have to pay the advance rent together with the signing. Pay attention to the following components:
·LOI and Tenancy Agreement should match: Ensure that terms agreed in the LOI are also present in the Tenancy Agreement.
·Installation and monthly charges:  Is it included in the rent?
·Repair and maintenance: What you are responsible for
·This Agreement has to be stamped by the Inland Revenue Authority of Singapore before it is considered a valid contract. Cost is usually borne by the tenant. The stamp duty payable is 0.4% of the rental amount.
·You may have to pay the agent commission (½ to 1 month) depending on the lease term.
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More about Tenancy Agreement here
Sample Tenancy Agreement
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  • ESSEC AP
    • Campus Floor Directory
    • Learning Center
    • Contact Us
    • Resources
    • Website Directory
    • FAQ
  • Prep & Arrival
    • Pre-departure & Arrival Checklist
    • Student's Pass
    • Health Insurance
    • Medical Check-up
    • Working in Singapore
  • Accommodation
    • Property Types
    • Budget
    • Location
    • Source Options
    • Property Viewing & Negotiation
    • Sign Agreements
    • Move In
  • Guide to Singapore
    • Daily Living
    • Transport & Communication
    • Food and Dining
    • Culture
    • Travel & Leisure
  • Campus Life
    • Student Leadership
    • Student Clubs
    • Annual Events
    • Events Calendar