Renting a Condo in Singapore
How our tenant agent service works?
Learn more about our tenant agent service in 5 steps
Your Property Needs & Preference
Onsite Property Viewings
Price Negotiation & Offer
Sign Rental Contract and Moving-in
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Frequently asked questions (FAQ) on tenant agent services
Here at Prop.sg, we go above and beyond to ensure that you never have to worry about looking for a house. We provide much more than just a dedicated property agent to guide you in renting a new home. We value our clients and make sure you will only be working with the best and most experienced property agents.
In addition, you may have a busy schedule which prevents you from going to viewings or researching properties yourself. We ensure that our property agents act on your behalf and give you an accurate overview of the places we recommend to you. To further maximise your time, we are able to drive you to property viewings.
Beyond simply drafting up the contract, we are able to attain your approval via your e-signature which does not require a face-to-face interaction in order to process the deal. Our team is also committed to extend our services after you have found your home, helping you with the furnishings and setting up of the basic utilities within the household.
Our commission scheme is varied on the basis of the price of your rent as well as the length of your lease term.
If the cost of a month’s rent is S$4,000 or more, and you are leasing the place for two years or longer, the agent commission is completely free and you will not have to pay anything when engaging with our services.
However, for all other cases, the tenant agent commission is priced at half a month’s rent, for a duration of a one-year lease. If you are still unsure of which commission structure you fall under, please contact us.
Perhaps you see no need to engage with a tenant agent, with the prevalence of technology and being able to look up places through property market platforms. Doing your own research and comparing which options provide you with the best value, or best fit your requirements, is definitely easier now than ever before.
However, engaging with us allows you to sit back and relax. You are not obligated to figure out the paperwork or even spend time doing your own research because we will do it for you. In addition, we are likely more experienced in real estate, and as such, we are able to look for the best deals for you. In the process of negotiation, we can also ensure that the homeowner is not overcharging you.
There are other factors that come into consideration when arranging a rental contract, such as diplomatic clauses that you may not necessarily have considered otherwise. We will carefully weigh your options and present you with your choices. From there, only then will you have to make a decision. We are dedicated to providing you with aid should there be any issues or disputes that arise.
Our services will offer you an extra helping hand to ensure that your stay in your new home is smooth and hassle-free. While indeed, you may be able to do it by yourself, we are able to provide you with so much more than simply choices.
A landlord’s property agent is appointed by the landlord and helps to market their property, while a tenant’s agent assists the potential tenant in looking for a suitable place for them.
The main difference between these two roles is that their client comes first and foremost, with the landlord’s property agent representing the interest of the landlord, while the tenant’s agent will represent the interest of the tenant. Accordingly, it becomes more evident which role each of these two agents play across the rental process.
A tenant agent’s basic job is to find the best property for their client. This means they will be doing the bulk of the research, and then presenting their findings to their client, allowing them to make a decision on whether the house suits their needs.
Beyond simply acting on what the client wants, the tenant agent will also provide the client with recommendations on the locations that are best suited to them based on the description of their generic needs. In addition, a tenant agent will liaise with the landlords (or their agent) and schedule property viewings for their client to give them a realistic experience of what the property is actually like.
The tenant agent will also be given the task of advising the tenant on rental rates as well as negotiating with the landlord on the rental prices to provide the best price for their clients. Once the decision about the house has been settled, the tenant agent will begin to process the paperwork on the rental and negotiate the terms and condition with the landlord (or their agent) to ensure that the tenant will be covered for certain issues.
The tenant agent will also have to answer to their client on any queries, and handle payments including stamp duty. Some tenant agents are committed to conducting a property condition report, as well as handling disputes throughout the duration of the tenancy.
Guide to Renting a Condo Unit/ Room in Singapore
Renting a condominium unit or room may seem rather challenging. However, don’t fear! This guide will provide you with a summary of the process and what you can expect.
1. The first step is to look for properties for rent. With the prevalence of technology, there are a variety of property market platforms with listings of rental properties. The research can be tedious at times, and you can spend hours upon hours simply scrolling through sites, without being able to find anything. If you don’t have enough time on your hands, consider engaging with Prop.sg to help you with your research. We will provide you with a curated list of properties that best suits you, and from there you can take your pick.
2. Once you have found a few properties of interest, you have to consider the rental rates of these houses. As such, you can look up the Urban Redevelopment Authority (URA) e-service, which keeps a record of all condo rental contracts in Singapore. This is to ensure that you are not being overcharged for your rent. Read More
3. Your next step will be to go to the property viewings of these houses and experience what the house is actually like. For some rental properties, they are open houses. But for most, it would require you to schedule an appointment to be able to view the houses, especially popular ones. You may take some time negotiating with the landlord if they are there, and perhaps get to know more about living in the home. Spend some time taking a look around the neighbourhood: what are the benefits of living here? Is the transportation system within walking distance? These are just a couple of things to consider when you go to these property viewings to really ensure that you are interested in the place.
4. Once you have made the decision which house you would like to rent, it’s time to draft up a Letter of Intent (LOI). The LOI is essentially your expression of interest in renting the place. Beyond that, you should substantiate it with a deposit, which can be regarded as your first month’s rent. This also means that your landlord should not be considering other tenants for the house at this time.
5. Next, there will be a Tenancy Agreement, which is a contract that covers the terms and conditions of your stay at the property. Because this is a more technical process, should you feel that you are not able to draft one up, do consider engaging with Prop.sg, as our tenant agents are readily available to guide you through this sometimes arduous process. You will also have to pay the rental stamp duty, within 14 days of signing the Tenancy Agreement. It is priced at 0.4% of your total rent across the lease period.
6. Once you have collected your keys from the landlord, do an inventory check to ensure that all the furnishings are in quality condition and present. This is to ensure that should there be any defects, you will not be held accountable. After that, you can make yourself comfortable in your new home.
Prop.sg is a team of real estate professionals specialising in condominium, apartment and townhouse properties in Singapore. We offer a full range of real estate services for both local and foreigner clients. Whether you are looking for a good and reliable real estate professional to assist you in buying, selling or renting your property or simply looking for a great investment property in Singapore, we can help!