Leasing of Private Properties

Question 1

what to check for when renting out to foreigners? [3]

Answer 1

1. check original work passes
2. Cross check with passport
3. verify validity with ICA / MOM

Question 2

what’s the name of the document used to negotiate terms for rental of private properties and what is it used for?

Answer 2

letter of intent for lease (LOI). it’s a document from tenant to landlord stating the basic terms of lease.

Question 3

what’s the crucial clause to be included in the letter of intent for lease?

Answer 3

‘subject to contract’. means that the document will not be binding as the parties have no intention of forming a legal relation at this stage

Question 4

what’s the minimum lease term for rental of private pty?

Answer 4

3 consecutive months

Question 5

occupancy cap for private residential properties?

Answer 5

6 unrelated people