Citiprop Property Management - The Rental Process

Once a client contacts Citiprop Pacific, one of our experienced agents will assess the client’s requirements through our simples Needs Analysis form.

Housing budget

Size of Property & Number of Bedrooms

Age of Property (newer properties have modern finishings and facilities but tend to be smaller)

Location

Aesthetic preferences

Other requirements (garden, balcony, etc)

Partially Furnished v. Fully Furnished

The majority of rental properties in Singapore are partially furnished. This means that they come with air conditioners, white goods (washing machine, dryer, refrigerator, stove, and oven), and blinds/curtains. Fully furnished properties are also available.

Length of Lease

Two (2) year leases are the standard in Singapore. One (1) year or shorter leases can also be negotiated.

Corporate or Personal Lease

Landlords in Singapore usually prefer corporate leases, however personal leases are becoming more accepted.

Once the initial assesment is complete, our agent and client will set a date for viewing properties. Our agent will collect the client and begin viewing properties (plan on viewing three properties per hour).

When the ideal property is found, our agent will prepare a “Letter of Intent/Offer” for our client to approve. This is a letter stating the Tenant’s intention to lease a property from the Landlord. It will outline the Tenant’s requirements for leasing the property. When the Letter of Intent is agreed upon by all parties, a finalized version, signed by the tenant(s) will be sent to the Landlord for signature, along with a good faith deposit equal to one (1) month’s rent. This will serve as half of the two (2) month’s security deposit.

After the Letter of Intent/Offer is signed, both parties will complete the Tenancy Agreement. This is the legal contract between Tenant and the landlord. It outlines the terms and conditions of renting the property. Upon signing of the Tenancy Agreement, the client is required to pay to the landlord the second (2nd) half of the two (2) month security deposit and the first (1st) months rent.

A security deposit of two (2) months rent is required for most leases in Singapore.

Citiprop Pacific will coordinate the connection of utilities (gas, water, and electricity) and phone line(s) for our clients prior to their move in.

The day of the handover, Citiprop Pacific will represent our client by reviewing the inventory list/handover form and taking photographs of any flaws, defects, or damage to the rental property.

In Singapore, the landlord pays the agency commission whereas the tenant/client does not, except in the following circumstances

- In this case, the tenant shall pay his/her agent a minimum of one half (1/2) month’s gross rental for a lease less than twelve (12) months.

- Or; the tenant shall pay his/her agent a minimum of one (1) month’s gross rental for a lease between twelve (12) months to twenty four (24) months

- In these properties (Black and White bungalows, some conservation homes) the tenant shall pay his/her agent a minimum of one half (1/2) month’s gross rental for a lease less than twelve (12) months.

- Or; the tenant/client shall pay his/her agent a minimum of one (1) month’s gross rental for a lease between twelve (12) months to twenty four (24) months.

During the course of a tenancy, Citiprop Pacific will assist our client with various issues (repairs, lease extension and renewal etc) that may arise.

At the end of the tenancy period, Citiprop will assist our client(s) in either renewing their lease or handing back the property to the landlord. At the conclusion of the handback, Citiprop will also secure the security deposit from the landlord for our client(s).