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Re: Rental questions-
Posted: Mon Mar 09, 2020 11:44 am
by Estéema
It’s pros & cons not using agents.
Pros - Landlord saves on 1 mth commissions
Cons - tenants hv to agree with it coz they’ll not be represented
Landlords may end up deducting deposit frivolously against the tenants
Landlords may face damages beyond available deposits which s’times agents acts as go-btwn to advice making restitutions (usually involves company leases) but landlords can go for SCC to recover producing evidences (both with or w/o agents). My agents had been witnesses to SCC tobtestify for landlords before. Some tenants damage with willful act to get back at landlord.
Re: Rental questions-
Posted: Mon Mar 09, 2020 12:10 pm
by starlight1968sg
Estéema wrote: ↑Mon Mar 09, 2020 11:44 am
It’s pros & cons not using agents.
Pros - Landlord saves on 1 mth commissions
Cons - tenants hv to agree with it coz they’ll not be represented
Landlords may end up deducting deposit frivolously against the tenants
Landlords may face damages beyond available deposits which s’times agents acts as go-btwn to advice making restitutions (usually involves company leases) but landlords can go for SCC to recover producing evidences (both with or w/o agents). My agents had been witnesses to SCC tobtestify for landlords before. Some tenants damage with willful act to get back at landlord.
In my case, it is a renewal of TA.
Tenants' lease will expire early 2021. Am thinking if they are continuing, do i still need to engage the same agent just to renew the TA? Thank you.
Re: Rental questions-
Posted: Mon Mar 09, 2020 12:22 pm
by ngl2010
starlight1968sg wrote: ↑Mon Mar 09, 2020 12:10 pm
Estéema wrote: ↑Mon Mar 09, 2020 11:44 am
It’s pros & cons not using agents.
Pros - Landlord saves on 1 mth commissions
Cons - tenants hv to agree with it coz they’ll not be represented
Landlords may end up deducting deposit frivolously against the tenants
Landlords may face damages beyond available deposits which s’times agents acts as go-btwn to advice making restitutions (usually involves company leases) but landlords can go for SCC to recover producing evidences (both with or w/o agents). My agents had been witnesses to SCC tobtestify for landlords before. Some tenants damage with willful act to get back at landlord.
In my case, it is a renewal of TA.
Tenants' lease will expire early 2021. Am thinking if they are continuing, do i still need to engage the same agent just to renew the TA? Thank you.
Check your tenancy agreement first. For us, there is a clause that subsequent renewals have to be done through the agent. Anyway, our current tenant is a bit 'difficult' so we are gladly paying the agent to deal with him.
Re: Rental questions
Posted: Fri Apr 10, 2020 6:36 pm
by ngl2010
Govt said property tax rebate has to be passed on to tenants. Does it apply only on commercial properties or to residential properties too?
Re: Rental questions
Posted: Fri Apr 10, 2020 8:14 pm
by MrsKiasu
ngl2010 wrote: ↑Fri Apr 10, 2020 6:36 pm
Govt said property tax rebate has to be passed on to tenants. Does it apply only on commercial properties or to residential properties too?
I was thinking about it the other day too.. to me looks more likefor commercial but anyways my hdb prop tax is not that high.
Re: Rental questions
Posted: Fri Apr 10, 2020 8:20 pm
by starlight1968sg
ngl2010 wrote: ↑Fri Apr 10, 2020 6:36 pm
Govt said property tax rebate has to be passed on to tenants. Does it apply only on commercial properties or to residential properties too?
I think is it for commercial properties only
Re: Rental questions
Posted: Fri Apr 10, 2020 9:14 pm
by ngl2010
Thank you MKS and SL for your replies. My tenant wants to renew the lease (because they can’t view other properties due to circuit breaker) but they are asking for rental reductions. I thought if we are going to pass the property tax rebate to them then it is double whammy to us. But I guess I should be lucky they are going to renew the lease. My agent said there are many expatriates retrenched recently.
Re: Rental questions
Posted: Fri Apr 10, 2020 9:22 pm
by starlight1968sg
ngl2010 wrote: ↑Fri Apr 10, 2020 9:14 pm
Thank you MKS and SL for your replies. My tenant wants to renew the lease (because they can’t view other properties due to circuit breaker) but they are asking for rental reductions. I thought if we are going to pass the property tax rebate to them then it is double whammy to us. But I guess I should be lucky they are going to renew the lease. My agent said there are many expatriates retrenched recently.
Ngl
Can you ask your agent to confirm if the rebate is applicable to commercial properties only? Thank you.
Re: Rental questions
Posted: Fri Apr 10, 2020 9:28 pm
by ngl2010
starlight1968sg wrote: ↑Fri Apr 10, 2020 9:22 pm
ngl2010 wrote: ↑Fri Apr 10, 2020 9:14 pm
Thank you MKS and SL for your replies. My tenant wants to renew the lease (because they can’t view other properties due to circuit breaker) but they are asking for rental reductions. I thought if we are going to pass the property tax rebate to them then it is double whammy to us. But I guess I should be lucky they are going to renew the lease. My agent said there are many expatriates retrenched recently.
Ngl
Can you ask your agent to confirm if the rebate is applicable to commercial properties only? Thank you.
I asked him this afternoon and he said he doesn’t know also. His agency also never told him.
Re: Rental questions
Posted: Sat Apr 11, 2020 9:25 am
by slmkhoo