Property Renting Tip #2: Stamping the Tenancy Agreement
(Reference: www.iras.gov.sg) Stampingthe Tenancy Agreement (TA) is an important protection to both the Tenant and the Landlord.This document binds both…
From the archive. Published in 2013. Prices, rules and interest rates may have changed since — check current figures before you decide.
(Reference: www.iras.gov.sg)
Stampingthe Tenancy Agreement (TA) is an important protection to both the Tenant and the Landlord.This document binds both parties until the end of the lease.
Evasion of stamp duty is a serious offence in Singapore.In most TAs, this cost is borne by the Tenant. The TA is the only contractual document given to the Tenants for their rights to stay in the said premise and also gives rights to the Landlord to take action for any breach of the covenant with the forfeiture clause (e.g. when the Tenants have not paid the rental on time).
The stamp duty rates are as follows (for every $250 or part thereof of the average annual rent), applicable for annual rents exceeding $1,000:
