What Should I Do When My Landlord Does Not Return Your Security Deposit?
Seeking and securing a tenancy with a landlord is often thought to be a tedious and troublesome process. One may think that this process ends the moment one has moved into the rented property. Many a times, however, tenants find themselves encountering problems at the end of their tenancies, whereby landlords have been unscrupulous and unreasonably withheld their security deposits.
If you have and/or are concerned with the return of your security deposit, read on to find out what you could do.
Common Terms You Will Find In Tenancy Agreements In Singapore – What Do They Mean?
This article aims to provide an overall guide as to common terms and obligations imposed on landlords and tenants.
It ought to be noted that whilst landlords and tenants may contract as they wish, and negotiate on any term in the tenancy agreement, there are some common terms found in most tenancy agreements. These shall be explored and explained further below.
Peaceful Re-Entry in Singapore
In Singapore when a Tenant has defaulted on paying rent or has failed to complied with clauses in the tenancy agreement that are fundamental, it entitles the Landlord to terminate the tenancy agreement. When a tenancy agreement has been terminated Landlords are often found in a position where they would need to evict the tenants so that they can find new tenants for the property.
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Security Deposit In Singapore
What is a Security Deposit?
A security deposit is a one-time, refundable sum of money that a landlord would typically collect from a tenant to safeguard a landlord financially from damages to a rental or leaves unexpectedly without paying rent, whereby a landlord can then off-set from the said security deposit. This security deposit is then refunded to the tenants when the rental period expires
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As a Foreigner Is Your Landlord Withholding Your Security Deposit?
With the number of foreign expatriates working in Singapore, it is common to find most of them renting properties for periods between 6 months to 2 years, given that it is not economically sound for expatriates to purchase residential properties in Singapore.
Like all tenancies, a common dispute that arises is over the return of security deposit.
Alternatives to Bankruptcy
Bankruptcy is a drastic option to take. Exploring all your options before going to the last resort of bankruptcy is the prudent course of action. In fact, as bankruptcy is not an instant remedy for the recovery of debts, it is recommended that creditors should not rush to commence bankruptcy proceedings. Therefore, what are some alternatives to Bankruptcy?
Taking Legal Action? Who Has To Pay And How Much?
Generally, when a party wins a civil suit, the other party may be ordered to pay a sum to cover legal fees incurred by the successful party.
This is known as party-and-party costs. When the court makes an order for party-and-party costs, one party is required to pay a certain amount to the other party.
However, although the winning party is able to get party-and-party costs, this amount usually does not cover the full legal costs the successful party has to incur.
10 Things To Know Before Declaring Bankruptcy In Singapore
Bankruptcy is usually considered a last resort option. You should only file for bankruptcy in Singapore after careful consideration of your options. If it is the best way to deal with your financial problems, filing for bankruptcy may be for you.
Filing for bankruptcy however cannot solve all financial problems. This article cannot explain every aspect of the bankruptcy process. If you still have questions after reading it, you should speak with a bankruptcy lawyer.
Common Conflicts Between Landlords And Tenants
Tenancy disputes between a landlord and their tenant are one of the most prevalent types of disputes in Singapore. They may present as a minor inconvenience and evolve into a court case that takes a long time to be resolved.
We discuss the most common types of tenancy disputes in Singapore and the means in which to resolve them.
Can You Win A Dispute With Condo MCST In Singapore?
Subsidiary proprietors or home-owners of condominiums are no strangers to the fact that there are numerous condominium by-laws to abide by. For those unfamiliar, briefly, by-laws are stipulations prescribed under Schedule 2 of Building Maintenance (Strata Management) Regulations 2005 under the BMSMA and additional by-laws may be made, or amended, pursuant to a special resolution by the Management Corporation (“MC”).