P202S0141 – PRIVATE PROPERTY RENTAL POLICIES AND PROCEDURES



LEARNING OUTCOMES:

  • Understand URA regulations on leasing of residential properties
  • Verify legal ownership of landlord.
  • Verify immigration/employment status of foreign tenants.
  • Determine who pays for Stamp duty, Property tax & Management and sinking funds
  • Be cognisant of the clauses in the letter of intent (LOI) and collection of good faith deposit or act for landlord in finding tenants.
  • Advise on the terms in the tenancy agreement to the landlord/tenant
  • Advise client on utilities application, handing/taking over premises, and inventory.