Tag Archives: room for rent in Singapore

Non-landed housing type – Room for rent in Singapore APARTMENT – not strata titled. Room for rent in Singapore. Apartment owner only owns the airspace without any share in land or common property APARTMENT – strata titled Land size is … Continue reading →

Building Maintenance and Strata Management Act – Room for rent in Singapore Under the LTSA, it is compulsory to form a Management Corporation (MC) which comprises of 3 to 14 Council members elected by SP to represent them.

A moneylender must have a licence – Room for rent in Singapore Section 5(1) of the Act provides: Room for rent in Singapore. Every moneylender carrying on the business of moneylending in Singapore shall take out a licence. The court … Continue reading →

Flat, house or other building not to be sold, mortgaged, etc., without consent of Board – Room for rent in Singapore No HDB flats purchased either from HDB or from the open market shall be sold, leased, mortgaged or disposed … Continue reading →

Mutual agreement – Room for rent in Singapore Agency relationship may be terminated by both parties through mutual agreement.

By expressed or implied agreement – Room for rent in Singapore Express agreement (in writing) – A principal may appoint a party to be his agent by way of agreement in writing.  In transactions of residential properties (or properties comprising … Continue reading →

Terms and representations – Room for rent in Singapore Details of contract set out rights and obligations of parties – known as terms of contract Unlikely everything spoken or written treated as terms, some may be representations Terms – are … Continue reading →

What is misrepresentation? – Room for rent in Singapore Statements made during negotiations are known as representations.  When statements become part of a contract, they are known as terms.  When terms are not complied with, the innocent party sues for … Continue reading →

Option to purchase – Room for rent in Singapore Option to Purchase means having the right to buy. When a property buyer has an Option (a right), he has the right to demand for the seller’s title, and to demand … Continue reading →

Consumer Protection (Fair Trading) Act – Room for rent in Singapore Consumer Protection (Fair Trading) Act provides the legislative framework to allow consumers aggrieved by unfair practices to have recourse to civil remedies before the courts. It also provides for … Continue reading →

People – Room for rent in Singapore People defines the market segmentation, mainly demographic segmentation. It addresses particular class of people for whom the property or salesperson’s service is made available. Demographic segmentation consists of dividing the market into groups based … Continue reading →

Product – Room for rent in Singapore It is about a tangible object or an intangible product. Intangible products are services provided just like the real estate agency business. Salespersons do not build properties for sale. Their business is mainly … Continue reading →

C1: Estate Agents Act and Regulations – Room for rent in Singapore Salient features of the Estate Agents Act and Regulations, the Code of Ethics and Professional Client Care and Code of Practice, and Dispute Resolution Schemes including consequences of … Continue reading →

Pursue the matter in Court – Room for rent in Singapore If the client elects in writing not to settle the dispute through mediation or arbitration, the estate agent may thereafter pursue the matter in Court or through the Small … Continue reading →

Exclusion from scope of section 44 – Room for rent in Singapore Room for rent in Singapore. Section 44(1) and (2) of the Act shall not apply to any estate agency work — (a) in respect of property situated outsideSingapore; … Continue reading →

No dual representation by salespersons – Room for rent in Singapore (1) No salesperson or estate agent who is a natural person shall, in respect of the same property, have as clients both vendor and purchaser or both landlord and … Continue reading →

Estate Agents Act – Room for rent in Singapore The Estate Agents Act is established to enhance the framework for the regulation of real estate agents and their salespersons, to form a Council for Estate Agencies (CEA) and to include … Continue reading →

Calculation of share value – Room for rent in Singapore In the case of residential properties, occupancy is taken into account because it reflects usage directly. Floor areas are used to take into account the different number of occupants, who … Continue reading →

Caveats – Room for rent in Singapore A caveat is a legal document lodged at SLA by a person (known as a “caveator”) against a property in which the caveator claims an interest. The Land Titles Act allows any person … Continue reading →

Novation of a lease – Room for rent in Singapore Novation of a lease is similar to assignment of a lease except that it involves the consent or agreement of a third party. For example, the Present Tenant A has … Continue reading →