Guide to Renting a HDB Flat

By
/ The Edge Property
|
June 10, 2016 12:00 PM SGT
Non-citizen tenant quota
  • There is a quota for tenants who are non-Malaysian Singapore Permanent Residents and foreigners
  • The quota is capped at 8% at the neighbourhood level and 11% at the block level
  • If the quota has been reached, only Singaporeans and Malaysians can rent a flat in the neighbourhood and block
  • You or the landlord can check the quota using HDB’s
Eligibility conditions for tenants
  • Tenants must be any of the following
  • Singapore citizens
  • Singapore Permanent Residents
  • Non-citizens legally residing in Singapore who hold passes with a validity period of at least 6 months from the date of the HDB subletting application
  • Employment Passes
  • S Passes
  • Work Permits
  • Work Permit holders from the construction, marine and process sectors must be Malaysians
  • Student Passes
  • Dependant Passes
  • Long-term Social Visit Passes
  • Tenants who own a HDB property are not allowed to rent another HDB flat, unless
  • They are divorced or legally separated
  • A landlord can only rent to one party of the divorced or legally separated couple
  • Tenants must rent out their HDB flat within 1 month of renting a flat or room from a landlord
  • They own an Executive Condominium and have met their 5-year MOP
Process of renting a HDB flat
  • Decide on your budget and criteria for a rental home
  • Search and browse rental listings
  • Consider engaging a real estate salesperson (property agent) who can assist you in your search, help with paperwork and negotiate on your behalf
  • Check that the salesperson is registered with the Council for Estate Agencies (CEA)
  • Shortlist and arrange to view the properties you are interested in
  • View the properties
  • You should take a look at the surroundings
  • You should also look at the common areas and facilities to check on maintenance
  • Letter of Intent (LOI) and good faith deposit
  • LOI is an offer from you to rent the property. It should include the following:
  • Name of tenant and NRIC/passport number
  • Lease term of usually 6 months, 1 year or 2 years
  • Monthy rental
  • Expiry of LOI.
  • This is the time frame, usually 7 days, for the landlord to accept your offer.
  • ...