Restaurant owners sue for S$10,612 deposit; Court orders them to pay the landlord S$62,100 instead.
#Tenancy disputes between landlords and tenants are far too common in Singapore.
What may appear to be a minor issue can rapidly spiral into a lengthy court battle.
Tenants who fail to fulfill their obligations, such as paying rent on time, not damaging the property, not subletting, and vacating the property when the lease ends, breach their rental agreement, and landlords have the right to sue them.
Being vigilant in tenancy matters is crucial, regardless of whether you're a landlord or tenant. Transactions that start amicably can quickly become contentious and stressful for everyone involved.
The #LeaseAgreements for Retail Premises Bill, introduced in July, mandates that landlords and tenants of retail premises adhere to the #leasing principles of the code. This law applies to all retail premises leases lasting one year or more, including renewals and extensions.
The Fair Tenancy Industry Committee (#FTIC) also plays a vital role in this process.
Being knowledgeable about the critical components of a #tenancyagreement and keeping abreast of the latest code of conduct is vital. Are you well-versed in what to look out for and comprehend in a rental tenancy agreement in Singapore?
Therefore, knowing the tenancy agreement's critical components and the latest code of conduct is essential.
Get in touch with our legal expert, Nadia, to discover ways to help your employees comprehend the importance of well-crafted tenancy agreements in protecting your organization's interests.