View Full Version : Rent my HDB and stay in condo
Hi All
Is it possible to rent out my 5 room HDB flat which is fully paid and MOP completed, and I stay in my private condo
Pls advice...
Hi All
Is it possible to rent out my 5 room HDB flat which is fully paid and MOP completed, and I stay in my private condo
Pls advice...
Yes. As long as you informed IRAS and HDB about it.
Yes you can... must write in to HDB and give them several weeks to reply. Don't wait for last min and don't HDB catch you renting out your flat without prior permission from them.
i did that past four years no prob....:D
Yes you can... must write in to HDB and give them several weeks to reply. Don't wait for last min and don't HDB catch you renting out your flat without prior permission from them.
no need la bro can do online instant approval unless you got outstanding issues with them...:)
He said don't get caught - you obviously didn't...:cheers1: :character0029:
i did that past four years no prob....:D
He said don't get caught - you obviously didn't...:cheers1: :character0029:
I suppose it is also for taxation purpose?
He said don't get caught - you obviously didn't...:cheers1: :character0029:
mine was approved and with blessings and good wishes from the relevant authorities.....;)
no need la bro can do online instant approval unless you got outstanding issues with them...:)Didn't know there's instant approval online now... Lol! Good to know... Hahahaha! ;)
He said don't get caught - you obviously didn't...:cheers1: :character0029:Nice one! :cheers6:
Hi All
Thanks for the info, I have a friend who have the same question but the only difference is ... MOP completed but he have 2 outstanding loan namely HDB loan and his 2nd loan private condo.
can he still rent out his HDB and stay in his condo.
Regulators
25-12-11, 15:14
hdb or private pty loan does not determine whether he can rent it out or not. the question is whether ur friend took a grant when buying the hdb, if he has, then the mop will be longer than normal (difference of 2 years). after the mop, he cen rent out the hdb and govt can't stop people from doing that coz he is exercising his rights according to the law.
Hi All
Thanks for the info, I have a friend who have the same question but the only difference is ... MOP completed but he have 2 outstanding loan namely HDB loan and his 2nd loan private condo.
can he still rent out his HDB and stay in his condo.
When you submit to HDB for approval, you need the tenacy details... so this means that you source for tenant first and then go for approval. It is instantly approved if you already met MOP.
When you submit to HDB for approval, you need the tenacy details... so this means that you source for tenant first and then go for approval. It is instantly approved if you already met MOP.
its easier to find tenant for hdb than to catch fish from bedok jetty....:D:D:D
its easier to find tenant for hdb than to catch fish from bedok jetty....:D:D:DGood to know... Lol! :cheers1:
its easier to find tenant for hdb than to catch fish from bedok jetty....:D:D:D
I supposeit depends on the profile you are looking for.... I have received interest from individual professionals grouping up, looking for a place. But I took a bit of time to look for a family tenant, and excluding certain nationality.
I supposeit depends on the profile you are looking for.... I have received interest from individual professionals grouping up, looking for a place. But I took a bit of time to look for a family tenant, and excluding certain nationality.If a group of 3 professionals coming in to rent the entire HDB flat vs a family with 2 small kids coming, would you prefer the family instead of the 3 professionals? Hmmm... sometimes children will spoil your floor, draw on your walls, etc and that would incur more maintenance cost, wouldn't it? :rolleyes:
If a group of 3 professionals coming in to rent the entire HDB flat vs a family with 2 small kids coming, would you prefer the family instead of the 3 professionals? Hmmm... sometimes children will spoil your floor, draw on your walls, etc and that would incur more maintenance cost, wouldn't it? :rolleyes:
I also worried that the professionals may have wild parties...one agent re commended 6 pax.... didnt even feel like meeting.... another one was a young couple but they did not meet my price...
So, very important to know what you want, balancing profile, price and tenor...
likewise, i prefer to professionals, and certain groups of tenants is a definite no no.
Sometimes it's your luck. I have been renting my HDB to a group of 5 or 6 Filipino professionals for the past 5 years. A mixture of ladies and men. Originally working in a local bank (mainly IT/service line) but now some of them have changed jobs. They actually look after it pretty well. Doing minor repairs like replacing the taps themselves. I have been renewing their tenancy at below market rate because I am happy with them as tenants.
Sometimes it's your luck. I have been renting my HDB to a group of 5 or 6 Filipino professionals for the past 5 years. A mixture of ladies and men. Originally working in a local bank (mainly IT/service line) but now some of them have changed jobs. They actually look after it pretty well. Doing minor repairs like replacing the taps themselves. I have been renewing their tenancy at below market rate because I am happy with them as tenants.Well the group of professionals are here for the long haul. They are already staying for 5 years... hmmm.... they should seriously consider pulling their resources together and buy a property.... Lol!
Sometimes it's your luck. I have been renting my HDB to a group of 5 or 6 Filipino professionals for the past 5 years. A mixture of ladies and men. Originally working in a local bank (mainly IT/service line) but now some of them have changed jobs. They actually look after it pretty well. Doing minor repairs like replacing the taps themselves. I have been renewing their tenancy at below market rate because I am happy with them as tenants.
my ex tenants were 3 sia stewardesses....nice girls hardly around they stayed 3 years in my flat when they handed keys back to me i was amazed after 3 years my unit was in pretty much same condition currently renting out to indian it professional with small family been over a year so far so good...so i guess its about luck i must admit i have heard some horror stories about tenants....:cool:
Hopefully my next tenants will be ok.... Hmmm... past tenants still ok... :)
proud owner
27-12-11, 10:14
I also worried that the professionals may have wild parties...one agent re commended 6 pax.... didnt even feel like meeting.... another one was a young couple but they did not meet my price...
So, very important to know what you want, balancing profile, price and tenor...
my friend's company has 4 single expats ...
the company planned to house them in a landed house, each gets a room .. and provide 1 car for them to drive to work ..
agent showed a landlord ..somehow landlord are not keen ... and prefer a real family ... the house has been empty for 6 mths ..
I also worried that the professionals may have wild parties...one agent re commended 6 pax.... didnt even feel like meeting.... another one was a young couple but they did not meet my price...
So, very important to know what you want, balancing profile, price and tenor...
it also depends on where is the HDB units and the surrounding. 3 bedrooms (4rm/5rm) HDB seems to do very well in rentals.
4 single expat may end up 8 person. Cannot stop them from bringing girlfriends or boyfriends home. My units are tenanted out to single and glad that they are tidy and look after the place very well. It boils down to the character.
my friend's company has 4 single expats ...
the company planned to house them in a landed house, each gets a room .. and provide 1 car for them to drive to work ..
agent showed a landlord ..somehow landlord are not keen ... and prefer a real family ... the house has been empty for 6 mths ..
Jonathan0503
27-12-11, 14:27
4 single expat may end up 8 person. Cannot stop them from bringing girlfriends or boyfriends home. My units are tenanted out to single and glad that they are tidy and look after the place very well. It boils down to the character.
Anyway to tell if the tenant is able to maintain the place well?
Am quite concern that they mess up the place or don't keep go care of the things in the house leh
Anyway to tell if the tenant is able to maintain the place well?
Am quite concern that they mess up the place or don't keep go care of the things in the house lehNo way to tell... they may look untidy from the outside but actually cleans up the house well or they may look really neat and proper but don't maintain the house... no way to tell beforehand... :( If can tell, then those untidy tenants will purposely doll themselves up till cannot tell also and paint a very nice lifestyle and family background to cover up... :rolleyes:
It helps if they do not cook and eat out.
For me, prefer small family than professionals.
Reason is because if small family, whether couple or couple with 1 young kid, normally they will keep the place tidy and clean.
I also wont take in family with 2 or more kids as I think the parents will have hands full on the kids and inevitably, will neglect the property.
For professionals or groups, well, all will be working and when come back, will be too tired to clean up.
Yeah, I know I'm rather picky but so far, so good - plus I have a good property agent who knows and agrees with my peculiarities! :D
:47:
I am with you on this one... But we all have our preference... Which is good.
I am with you on this one... But we all have our preference... Which is good.
My rental units are in relatively good locations, so rentals are not really a big problem, so far (fingers crossed).
Given my rather exacting requirements, I'm lucky that so far I get to pick my tenants, so could discount those that dont fit the profile.
I dont bother to meet the tenants at all, just give specific instructions to my exclusive agent and if it meets my requirements, we sign the papers.
My latest rental unit recently, I accepted a european couple in their late 30s/early 40s, no kids for 2yrs lease and they wanted a slightly lower than "market" price... I agreed.
Sometimes, I feel "give and take" a bit to get the "right" tenant, at least can sleep better at night... I know nothing is guaranteed in life but hopefully can minimise the "risk"... IMHO.
:47:
My rental units are in relatively good locations, so rentals are not really a big problem, so far (fingers crossed).
Given my rather exacting requirements, I'm lucky that so far I get to pick my tenants, so could discount those that dont fit the profile.
I dont bother to meet the tenants at all, just give specific instructions to my exclusive agent and if it meets my requirements, we sign the papers.
My latest rental unit recently, I accepted a european couple in their late 30s/early 40s, no kids for 2yrs lease and they wanted a slightly lower than "market" price... I agreed.
Sometimes, I feel "give and take" a bit to get the "right" tenant, at least can sleep better at night... I know nothing is guaranteed in life but hopefully can minimise the "risk"... IMHO.
:47:Agreed. Also important to have an agent who knows your preferences so its always good to have an exclusive agent! :) He won't bother you if someone who don't fit the profile comes knocking on the door!
Agreed. Also important to have an agent who knows your preferences so its always good to have an exclusive agent! :) He won't bother you if someone who don't fit the profile comes knocking on the door!
My "exclusive" definitely CMI... told him profile and still show me those that I don't want...in the end, change agent and got it closed within one week.
devilplate
29-12-11, 00:57
My "exclusive" definitely CMI... told him profile and still show me those that I don't want...in the end, change agent and got it closed within one week.
if u can change another agt....den where got exclusive?
if u can change another agt....den where got exclusive?As long as its not two or more agents servicing you at any one time, then it is exclusive lor... change one exclusive agent to the next excclusive agent lor... Lol! :spliff:
Hi,
I just want another opinion on my tenants wanting to break lease 2 months earlier ending June 2012, claiming that this will be a better time to look for new tenants for my condo unit
Do you think I should go with the suggestion and find new tenants or force them to pay another 2 months?
What is the rental market going to look like in 2012?
devilplate
30-12-11, 14:14
Hi,
I just want another opinion on my tenants wanting to break lease 2 months earlier ending June 2012, claiming that this will be a better time to look for new tenants for my condo unit
Do you think I should go with the suggestion and find new tenants or force them to pay another 2 months?
What is the rental market going to look like in 2012?
U shd be able to get a better rate den 2yrs ago ;)
It also depends on your condo's location. Is your tenant leaving the country?
Hi,
I just want another opinion on my tenants wanting to break lease 2 months earlier ending June 2012, claiming that this will be a better time to look for new tenants for my condo unit
Do you think I should go with the suggestion and find new tenants or force them to pay another 2 months?
What is the rental market going to look like in 2012?
Hi,
I just want another opinion on my tenants wanting to break lease 2 months earlier ending June 2012, claiming that this will be a better time to look for new tenants for my condo unit
Do you think I should go with the suggestion and find new tenants or force them to pay another 2 months?
What is the rental market going to look like in 2012?
My previous tenant wanted to break lease before the contract is up. My conditions were:-
1) Find new tenant for me (new 2 yr lease), at least matching the current rental.
2) No additional works, painting etc...
3) No time lapse between the old tenant and new tenant.
4) Reimburse me the agent fee for the reduced period.
5) Exisiting tenancy agreement in place until it is replaced with new agreement.
It's win win for everyone.... He gets to leave earlier and I get a new 2 year lease without vacant period.
I even got the old tenant's furniture for free :D
Are tenants oblige to fulfill these instructions? How many months outstanding for your tenant?
My previous tenant wanted to break lease before the contract is up. My conditions were:-
1) Find new tenant for me (new 2 yr lease), at least matching the current rental.
2) No additional works, painting etc...
3) No time lapse between the old tenant and new tenant.
4) Reimburse me the agent fee for the reduced period.
5) Exisiting tenancy agreement in place until it is replaced with new agreement.
It's win win for everyone.... He gets to leave earlier and I get a new 2 year lease without vacant period.
I even got the old tenant's furniture for free :D
Are tenants oblige to fulfill these instructions? How many months outstanding for your tenant?
Don't fulfil then I don't agree to breaking the contract lor... company lease.... can go after the company.:D
can't remember exact number of months.... think it is about more than 1 year to go.... He said, mother sick, need to go home, so need to break contract....etc.:)
Then, there's the other case... Angmo hitched an SPG and complain my unit too small, wanted to break lease too. I also imposed the same conditions. Got higher rental but needed to get some additional furniture....:)
Two months are difficult to imposed such conditions.
can't remember exact number of months.... think it is about more than 1 year to go.... He said, mother sick, need to go home, so need to break contract....etc.:)
Then, there's the other case... Angmo hitched an SPG and complain my unit too small, wanted to break lease too. I also imposed the same conditions. Got higher rental but needed to get some additional furniture....:)
devilplate
30-12-11, 15:55
give and take lor.....only left 2mths....i m fine wif it if the tenant haf been good la.....if no gd.....hohoho
If left two months, instead of the five conditions, just impose one condition enough lor... I'd choose finding another tenant for me... :D
My previous tenant wanted to break lease before the contract is up. My conditions were:-
1) Find new tenant for me (new 2 yr lease), at least matching the current rental.
2) No additional works, painting etc...
3) No time lapse between the old tenant and new tenant.
4) Reimburse me the agent fee for the reduced period.
5) Exisiting tenancy agreement in place until it is replaced with new agreement.
It's win win for everyone.... He gets to leave earlier and I get a new 2 year lease without vacant period.
I even got the old tenant's furniture for free :D
Thanks.
The existing tenant extended 1 year following a 2 year's lease
Great suggestions. my agent wanted to collect 12 months fees for 10 months.
My rental units are in relatively good locations, so rentals are not really a big problem, so far (fingers crossed).
Given my rather exacting requirements, I'm lucky that so far I get to pick my tenants, so could discount those that dont fit the profile.
I dont bother to meet the tenants at all, just give specific instructions to my exclusive agent and if it meets my requirements, we sign the papers.
My latest rental unit recently, I accepted a european couple in their late 30s/early 40s, no kids for 2yrs lease and they wanted a slightly lower than "market" price... I agreed.
Sometimes, I feel "give and take" a bit to get the "right" tenant, at least can sleep better at night... I know nothing is guaranteed in life but hopefully can minimise the "risk"... IMHO.
:47:
Are they on corporate or personal lease?
Powered by vBulletin® Version 4.2.2 Copyright © 2024 vBulletin Solutions, Inc. All rights reserved.