Ease Your Rental Process with MRROOM.

Different room rental providers have different clauses / rental processes . Mostly, tenants find these processes to be overly time consuming, even hassle at times.Having a streamlined, quick rental process is very much preferred by tenants.

The following are our quick steps for our tenant to hit into their rooms:

Step 1 (Preparation of Tenancy Agreement ):

Tenancy agreement is prepared and to be signed within 14 days from date of offer acceptance and get all documentations from tenant.

Step 2 (Pay Deposit & Sign Letter Offer):

Typically, a deposit is collected upon initiation of tenancy agreement. This usually equals the amount of one months’ rent and is a booking deposit. After receiving the deposit and both parties has signed the letter offer, landlord cannot rent the property to another tenant.

Upon signing the tenancy agreement by both parties, tenant to pays:

1) Security deposit (2 months)

2) Utilities deposit (half or 1 month)

3) Gov’t stamp duty, agreement fees & disbursement fees

Step 3 (Handover Premise Procedure):

Handover the keys to the tenant. Check the inventory list and acknowledge on the inventory list. Record electricity and water meter reading and get both parties to confirm.

Termination of rental contracts:

In order to terminate the tenancy agreement, the party wishing to terminate has to give 2 to 3 months written notice. A renewal of the contract has to be agreed upon from both the landlord and the tenant.

The contracts usually contain a special clause, which is referred to as “diplomatic clause”. This comes into effect if the tenant has to leave the country for various reasons and thus requires an early termination. The tenant has to show evidence of why he has to leave, for instance an employment dismissal. In most cases this clause can only take effect after the first 12 months of lease. A written notice of two months is required.