As much as the viewing is for the prospective tenant to evaluate your rental property, you should also check how suitable your tenant is. (Sorry, PRs!). In other words, you may rent out your flat and/or bedrooms only if there are less than six owners and/or authorized occupiers staying in your flat. 20 3 Bedrooms HDBs for rent in Singapore, no agent fee. Tenancy agreement signed, stamp duty paid and security deposit received? Chat Now Book an Agent. Tip: To accommodate to a large request for viewings, you can save time by scheduling an open house so that all the viewings can be done in a day. While there are many regulations like HDB rent quota and HDB rent rules to take note of, these should not deter you from renting a HDB! Here goes…). To get a good picture of what rental rates should be, HDB provides a quarterly statistical report on median rents by location and HDB flat size; or, you can even search for recent rental rates of individual HDB flats by block number.. Simply select the town (or you can specify your search down to the block number) and the period you’re searching for (looking at places renting out in the past 6 months to a year will give you a good gauge of price. So here is how to rent out your HDB flat in nine easy steps! Exceptions are made if you are: Divorced/ legally separated. Being a DIY landlord doesn’t have to be difficult and can save you a fortune in fees. Whole Unit - Tanjong Pagar. But don’t worry here we have some golden DIY tips for you to rent your house without an agent. HDB has a handy rental price tool to check the prices of HDB flats that were recently rented out in any particular area in Singapore. With a verified database of tenants and innovative technology features, you can count on us to find the perfect tenant and rent out your property fast. (Log in with your SingPass and go to: My Flat > Purchased Flat - Renting Out of Flat). No Agent Fee! 176 Ang Mo Kio Avenue 4 Room with air-con for rent - Single ($650)；Couple Sharing ($800) - No Owner / No A gent Fees - Fully Furnished / Natural Sunlight / Condo View - Rental covers utility cost, maintenance and air-con cleaning, - WIFI, heater, refridgerator, washing machine, electric kettle and living room furniture are free for use. Step 1. $2,888. Our guide will show you how in 8 easy steps. To accept the LOI, the would-be tenant must pay the good faith deposit of 1 month of rent. Step 2: Check Non Citizen Rent Out Quota. Free to Contact. Payment terms: Payment is due upon Completion Date. AsiaOne: How to rent out your HDB flat without an agent in 9 easy steps. Landlord to rent out the flat, the Landlord is required to ensure that all the tenants observe and comply with all the covenants in the Lease granted to the Landlord by the HDB, HDB’s Terms & Conditions of Flat Rental and the provisions of the Housing & Development Act. Do note that if you are purchasing the flat together with other applicants like your family or partner, only one of you needs to register. DRAFT AND SIGN THE TENANCY AGREEMENT (TA) WITH THE INVENTORY LIST. Proceed to get the TA signed by you and the would-be tenant, in the presence of a witness. Find out whether if the non-citizen quota for your neighbour/block has been reached. For the applicable property tax rate and the procedure to notify IRAS, please refer to IRAS website. Singaporeans can save thousands of dollars when they buy an HDB resale flat without an agent. Distance from transport nodes & amenities. HDB flats, single room rental, non-small compartments, newly renovated high-rise, near subway convenience, Address: BLK130 Bukit Merah View, near Tiong Bahru MRT Station, the mature area is convenient and comfortable, and the location is excellent. The date of the handover of your HDB should be at the commencement and the start of the rental period. Yes! When you decide to forgo a property agent, you will have to do without these services that a good property agent provides. Only originally constructed bedrooms by HDB can be rented out and other parts of the flat including partitioned rooms cannot be given to tenants. Position your rental attractively and accurately. The penalty will be avoided as long as your tenant gets the Tenancy Agreement stamped within 14 days after signing it (if signed in Singapore; or within 30 days after receiving the document in Singapore if signed overseas). For late payments exceeding 3 months, a penalty of $25 or 4 times of the duty payable, whichever is greater, will be imposed. Aside from the TA, you need to list down the list of fixtures (ceiling lights, air con etc) and furnishings (sofa, appliances etc) that is to be handed over to the tenant in the inventory list. Note: The following factors that affect the rental price of your home: a. Tenants tend to be pretty price sensitive, so it’s essential to do your research about current market rates. What is “En Bloc Potential” (And Does Your House Have Any)? That's $2,106 a year, which is over a month's rental income. Tip: When writing the description of your HDB flat, don’t contain all your text in one giant block. $2,700. If all goes well, you’re now ready to get a buyer! only switching on the air-conditioning at night), Number of people sharing the unit or room, If you’re renting out the common bedroom, whether the tenant gets sole use of the common toilet (effectively en suite), Registered occupier NRIC/passport number(s), Monthly rent amount and its mode of payment, Who pays for the utilities and phone bills, Who maintains the air-conditioner and minor repairs, When the landlord can start property viewings as the lease is approaching its end, Agreement that landlord continues to pay property tax and insurance, What is the interest payable for late rental payments. To rent out the whole flat, make sure you satisfy the condition of a three- or five-year Minimum Occupation Period (MOP). Bear in mind that they would most likely be considering other rental properties as well so the quicker they view the place, the better. Also, you may want to include the following clauses: You could throw in a clause that allows them to terminate the lease after 12 months by giving you 2 month of notice. 10 December 2020. You are now officially an HDB Landlord. The outcome of the application will be made known immediately. Once the quota is reached, you can only rent to Singaporeans and Malaysians. Want an idiot-proof way to make sure that your tenant is indeed eligible? Whole Unit - Tanjong Pagar. b. Schedule a call . Looking for a rental 2 Rooms HDB Flat in Singapore? If you don’t like our faces, listen to our fortnightly podcast E-Junkies where we lepak one corner with famous people, Your daily good stuff - AsiaOne stories delivered straight to your inbox, AsiaOne Online Pte Ltd. Company Registration No. ECs for Sale Who hasn’t dreamt of simply sitting back and having wads of money roll in? It is actually very easy to D.I.Y without much hassle! Private HDB Furnished. Commercial Properties for Sale 0. Also, you will have to deal with other issues, such as potential disputes with the tenant and handling rental negotiations once the lease is up. The tenant has to prove that the rental stamp study has been paid by providing you a copy of the original certificate of stamp duty. For HDB resale flats, the seller usually pays about two per cent in commission to the agent while the buyer pays about one per cent. Inherited HDB flat was purchased on or after 30th August 2010. HDB for Rent If you are contemplating to rent out your spare room or even lease out the entire HDB flat, you have come to the right place! Before you delist your rental listing and turn away other potential enquirers, make sure you have Letter of Intent as well as Good Faith Deposit (or security deposit) from the tenant who wants to secure the room or unit. After that, I will receive numerous news from the proxy agent about interested parties and I can reach out … A HDB Tenancy Agreement is made up of 3 parts: your (the landlord) particulars, the tenant’s particulars, and the lease details (be sure to include all house rules to be safe). By doing so you avoid paying an agent’s expensive commissions and fees and get more out of the sale of your flat. This document is a formal offer to rent your property from your would-be tenant. STEP 8. Whole Unit - Katong. How to get the best rental rate 3. 7 August 2019. But remember, nothing is confirmed until you receive a tangible written commitment and money deposit from the tenant, which is why this step is a good practice to facilitate a smooth rental process. These passes must have a validity period of at least 6 months. If you need to buy a larger flat, expect to pay double this amount. With a 9% agent commission, you would lose $40.50 per week. For inclusion of new proposed tenants, flat owners must obtain HDB’s approval before their new tenants may move into the flat. In the case of a 4-room flat in Choa Chu Kang, assuming that the young couple took up an HDB Housing Loan, they will need to pay a 10% down payment of $29,500. The next step in … Log on to the HDB portal to make the application. For a HDB room rental, your HDB flat needs to be 3-rooms or larger: Tip: No cheating the system! Both Singapore Citizens and Singapore PR HDB Owners can rent out their spare bedrooms. Whole Unit - Clementi. Searching for Tenants First thing first, unless you don’t have good tenants, you can’t even think of renting out your property. We hope our guide has helped you gain confidence to DIY the renting out of your HDB flat or bedroom. Regards Alex ERA HP:9273 6096. For this step, you will need all of your tenant’s particulars. Free, easy, pretty solid platform. When your property is nearing the end of its 99-year lease, an en-bloc may take place. Just this evening, the Housing & Development Board announced that new rules will apply to HDB flat owners looking to sublet their whole flat. 2 years for non-Malaysian non-citizen tenants (Singapore Permanent Residents and foreigners), STEP 3. It’s a legal contract that requires the signature of both parties, and as the landlord, you will be responsible for drafting the Tenancy Agreement. Whole Unit - Bedok. Asked by Anonymous Dec 8, 2016 • 952 views 7 Answers. If this happens, ask to see proof of employment termination or transfer from your tenant. Here are some handy templates you can use to create your own Tenancy Agreement. And don’t underestimate the benefits of renting out, even if it’s just a spare bedroom – a HDB room rental fetches an average of $800 a month on Carousell! If you have questions about how to buy a HDB resale flat, start here! Once you have signed on the Letter of Intent and received the Good Faith Deposit, you’ll have to stop advertising your property to other prospective tenants. Our agent will meet you at your flat. Note: Work permit holders from the construction, manufacturing, marine, and process sectors must be Malaysians and that tourists are not allowed as tenants! As seen on It’s Amazingly Simple. Within a day of me putting up my apartment for rental and paying the fee to DirectHome, my apartment was posted on 5 popular property websites with an proxy agent fronting the advert. 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