{"id":13201,"date":"2018-01-11T06:30:10","date_gmt":"2018-01-10T22:30:10","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=13201"},"modified":"2022-07-01T04:45:57","modified_gmt":"2022-06-30T20:45:57","slug":"rental-hidden-costs","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/rental-hidden-costs\/","title":{"rendered":"7 rental hidden costs: is that cheap rental unit too good to be true?"},"content":{"rendered":"
<\/div>
That cheap apartment you\u2019ve got your eye on might not be so cheap after all…<\/figcaption><\/figure>\n

(Credits<\/a>)<\/p>\n

So you\u2019ve found a rental unit which is located in relatively accessible place, large enough to not give you claustrophobia, <\/span>and <\/span><\/i>is <\/span>extremely cheap to boot<\/span><\/a>. Before you sign on the dotted line and <\/span>start packing and getting ready to move<\/span><\/a>, check out these 7 rental hidden costs which will burn a hole in your wallet.<\/span><\/p>\n

#1: Repairs<\/b><\/h3>\n

A lot of people prefer to rent older HDB flats and condominiums, because these typically come with more space. But here\u2019s the thing: the older your rental unit, the more you can expect to spend on plumbing, electrical and other repairs. <\/span><\/p>\n

To keep yourself covered, look through your rental contract and make sure that the clause on paying for repairs is reasonable. Most rental contracts will state that landlords will bear the cost of repairs which are above $200 or $300 – but there <\/span>are <\/span><\/i>scheming landlords who will try to take advantage of unsuspecting renters by revising the figure upwards of the standard amount, so it\u2019s always good to double check. <\/span><\/p>\n

#2: Condo-related expenses<\/b><\/h3>\n

If your landlord doesn\u2019t provide additional access passes for you, you\u2019ll need to purchase these from the condo\u2019s management, and each pass is likely to set you back by $10 to $50. (You\u2019ll also need to pay a minimum of $100 as a security deposit for each pass). Whilst this isn\u2019t an exorbitant fee, it does add up! <\/span><\/p>\n

#3: Air conditioning maintenance <\/b><\/h3>\n

The vast majority of rental contracts specify that the tenant is the one footing the bill for the air conditioning maintenance – so there\u2019s no getting out of this. But you <\/span>can <\/span><\/i>save a significant amount on this bill – by shopping around and making sure that you\u2019re not paying too much for your air conditioning maintenance. <\/span><\/p>\n

#4: Deposits <\/b><\/h3>\n

Landlords typically ask for a 2-month deposit from tenants, but this can stretch all the way to a 6-month deposit as well. This should be one of the very first things you check when speaking with a potential landlord – you wouldn\u2019t want to sign a contract, and <\/span>then <\/span><\/i>realize that you\u2019ve committed yourself to putting 6 months worth of rental fees with your landlord. <\/span><\/p>\n

On top of this, do also make sure that the clause regarding deductions from your deposit is crystal clear. We also recommend <\/span>going the extra mile<\/span><\/a>, and taking pictures of the space before moving in. If there are any cracks on the walls, chipped paint or other defects, be sure to document everything – <\/span>in the event that a dispute arises<\/span><\/a> (touch wood!), it\u2019ll be much easier to make your case if you have relevant evidence on hand.<\/span><\/p>\n

#5. Accidental damage<\/b><\/h3>\n

There\u2019s normal wear and tear, and then there\u2019s unexpected damage such as fire, flooding, and the like. This is more important to do if you\u2019re renting in a country which is prone to natural disasters, but even in Singapore, it\u2019s still best to err on the side of caution, and ask your landlord if their property is insured against these damages. If possible, have the contract state that your liability (in the case of such an event) is limited to only the goods in the apartment, and not the actual apartment. <\/span><\/p>\n

#6: Agent fees<\/strong><\/h3>\n

If you found your rental apartment by yourself, you\u2019re in the clear. But if you\u2019ve engaged a <\/span>tenant\u2019s agent<\/span><\/a> to help you look for your rental \u00a0space, it goes without saying that you\u2019ll have to pay your agent. The amount that you\u2019ll have to pay depends on your rental rate and lease period; read <\/span>this article<\/span><\/a> for more information on the standard rates.<\/span><\/p>\n

#7: Pre-handover cleaning<\/b><\/h3>\n

Many people won\u2019t think so far ahead (especially when they haven\u2019t even moved in yet!), but when you do move out of your rental space, it\u2019s likely that you\u2019ll have to pay for an industrial cleanup of the house. This can range between $500 or $800 – to keep costs at a minimum, you\u2019ll want to do your homework and choose a cleaning company which is reasonably priced. Bearing this in mind, have it stated in your contract that the contractors chosen for the cleanup can be specified by you. <\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

(Credits) So you\u2019ve found a rental unit which is located in relatively accessible place, large enough to not give you claustrophobia, and is extremely cheap to boot. Before you sign on the dotted line and start packing and getting ready to move, check out these 7 rental hidden costs which will burn a hole in…<\/p>\n","protected":false},"author":36,"featured_media":54995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53589,57131,53590],"tags":[],"persona":[],"class_list":{"2":"type-post","10":"entry","11":"has-post-thumbnail"},"acf":[],"yoast_head":"\n7 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