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Leasing of private residental properties

Chapter 4.5

Learning Objectives:

  • Explain URA’s regulations, the Immigration Act 1959 (IA) and the Women’s Charter 1961 (WC) in relation to leasing of residential properties with regard to the minimum duration of tenancy, maximum occupancy, partitioning and identification of tenants/occupiers.

  • Demonstrate knowledge of the process to verify legal ownership of landlord.

  • Demonstrate knowledge of the process to verify immigration/employment status of foreign tenants.

  • Determine the party responsible for payment of stamp duty, its payment mode, property tax, as well as management and sinking funds (where applicable).

  • Examine the clauses in the letter of intent (LOI), the collection of good faith deposit and provide advice on the use of LOI to the landlord/tenant.

  • Provide advice on the terms in the tenancy agreement to the landlord/tenant.

  • Provide advice to client on the process of utilities application, handing/taking over of premises and inventory.

  • Explain the approved use of properties.

  • Describe the importance of a property condition report and explain how to prepare the report.

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