Types of leases – Singapore property for rent/ sale
Singapore property for rent/ sale – The various types of leases are as follows:
- Fixed term lease: The lease is for a fixed period of time with a commencement date. The lease will end on expiry of the lease period unless renewed. For example, a two-year tenancy; a 30-year JTC lease; or a 99-year HDB lease.
- Periodic tenancy: The lease period is not fixed and can continue from month to month or from year to year. It can continue indefinitely until notice is given to quit/terminate.
- Service tenancy: The lease is a form of accommodation provided by an employer for the employee as one of the conditions listed under employment contract. Upon expiry of the service contract, the lease shall also expire.
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