I do understand the frustrations of a landlord when there is no one taking up the property for rent, but I believe the current market is relatively bad for every landlord out there, with rising property taxes as well as conservation charges to pay.
As far as agent are concern, if you have already paid them to find you the right tenant, base on the service agreement you have, you can perhaps sue the agent, however, if you have only engaged the agent to find you a tenant, and only pay them if they are successful, I do not see any grounds for you to sue the agent.
It could be precisely because on the lack of prospective tenants for your unit that he or she is coming back to you on the profile of prospective tenants who are checking on your unit. If you are not prepared to open up your restrictions, then you cannot also blame the agent. Open communication is key. I have a unit that is vacant for 2 months and we have adjusted the rental expectations downwards on 3 occasions before we start receiving enquiries.
If you are unable to hold on to this property due to the lack of rental, how about listing it for sale? If you are able to sell off this property, you will not be subjected to this spell of weak rental market in future too and reinvest the funds into something else?
I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
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