With more and more people flocking to cities in search of greener pastures, renting an apartment in Singapore has never been easier.
Even with stricter security measures following the tragic attacks that hit the city in September 2016, it’s becoming easier for anyone to find a place to call home. That said, not all properties are created equal and we’ll explain why.
The good news is, with a little research and a few helpful tips, you can find your new home no matter where you currently live or where you plan on moving from in the future.
Let’s take a look at why renting in Singapore is such a great idea and how to do it right if you want to be a part of this growing trend.
Why Rent in Singapore?
Singapore is consistently ranked as one of the most prosperous cities in the world and it’s not hard to see why. There are a number of benefits to living in Singapore, ranging from an abundance of green spaces to an incredible food scene.
These are just a few reasons why renting in Singapore is such a great idea. Beyond that, there’s also the opportunity for individuals to move up and live among other like-minded people.
This can provide you with a sense of community that you may otherwise find hard to come by in your current location.
Another key reason why renting in Singapore is so appealing is because the country boasts unmatched levels of security and safety when compared to other locations.
With such a small population and incredibly high standards, this makes living in Singapore an incredibly safe endeavor.
What is a rental agreement?
The rental agreement is the contract you sign when renting an apartment. It lays out the terms of the lease, for example, how long it will last, how much rent you’ll have to pay, what utilities are included and other important details.
A rental agreement also sets out rules about the property itself, like who’s allowed inside and who’s allowed to use it. The rental agreement can be verbal or written.
Types of rental agreements
When it comes to renting an apartment in Singapore, there are a few types of rental agreements that you should know about. The first is the monthly tenancy agreement or lease, which is for a 12-month period with a rent that can be paid on a monthly basis.
The second type of agreement is the fixed-term lease, which can last between six months and five years. The third type of agreement is known as the periodic tenancy agreement and this type of agreement allows the landlord to terminate the contract at any time unless there’s a clause stating otherwise.
Regardless of what kind of rental agreement you choose to sign, you should always make sure that it provides you with adequate protection against unlawful eviction.
This means that if you fail to pay your rent on time or break any other rules laid out in your contract, you have legal recourse available to defend yourself against wrongful removal from your home.
Which type of agreement should you choose?
First, you need to figure out what type of agreement you should choose. The most common types are month-to-month, fixed-term, or lease agreements. Each agreement has its own benefits and drawbacks depending on your current lifestyle situation and budget.
For example, if you have a stable job where you know exactly when your work ends, a fixed term agreement may be a better option for you than the month-to-month option.
If on the other hand, you’re searching for an apartment in Singapore but don’t know how long you’ll be there for or if your job is always changing due to the economy, then renting monthly would be a better option for you.
After deciding which type of agreement is best for your situation, it’s still important to understand what each means before making an actual decision. Read both agreements thoroughly so that you can make sure that it’s the right fit for both parties involved.
Getting ready to rent an apartment in Singapore
If you want to rent an apartment in Singapore, you’ll need to be prepared before applying. There are a few simple steps that will help you get ready to apply for an apartment.
1. Know what your budget is and set a goal
The first step of preparing for an apartment is knowing how much money you’re willing to spend on rent and what your goals are. It’s good idea to set a goal of how much time you’re willing to put into finding the right place because some people may only want a short-term stay while others might be looking for something long-term.
2. Check out the crime statistics
Many places around the world have crime statistics online, so it’s important to check out these numbers before deciding where you’ll live. You should also consider whether or not there is anything in particular about the neighborhood that scares or concerns you as well as any safety measures available in case of emergency.
3. Find out if there are any regulations concerning pets
Some apartments don’t allow pets, so make sure this is something that applies at your chosen home before signing the papers!
4. See if there are any restrictions on age limits
Many apartments require renters to be over a certain age, so make sure this doesn’t stop you from getting one!
Things to look out for when renting an apartment in Singapore
In many ways, Singapore is a city with a lot of excitement. With so many people moving in, it’s not difficult to find places to live that are well-reviewed and popular. The key is finding the perfect fit for your lifestyle. That means looking around and making sure you have an affordable place to call home that fits all your needs.
Apartments in Singapore tend to be small so make sure you know exactly how much space you need before deciding on one. There are also many things to look out for when renting an apartment in Singapore, including location and safety.
Location is paramount when it comes to renting an apartment in Singapore because you want somewhere within reach of everything you need. While this can vary wildly depending on your personal preferences, most apartments offer some sort of transport access because the city is so big!
One thing to keep in mind when choosing the right place is whether or not the property has a pool or gym facilities on site. These are two things that will cut down on your travel time and help make your workday more comfortable and less stressful by giving you something fun to do at the end of it all!
Another important thing to consider when renting an apartment in Singapore is whether or not there’s a convenience store nearby with what you need as well as plenty of restaurants nearby that serve good food from around the world. For example, if you like Vietnamese food, it would be helpful if there was one close by that served up pho
Conclusion
The rental market in Singapore is a competitive one, so it’s a good idea to do your research before you rent an apartment.
