Early Termination of Tenancy Agreement (Singapore)
Here's a breakdown of your situation regarding early termination of your lease:
Your Situation:
Lease contract until July 2025.
You wish to terminate early (before July 2025).
Prepared to forfeit commission fee from your security deposit.
Question:
Do you still need to pay remaining rent after moving out?
Answer:
Unfortunately, you likely still have to pay rent until your lease officially ends (July 2025) unless you and the landlord can reach a different agreement. Here's why:
Binding Contract: Your tenancy agreement is a legal contract. Early termination is considered a breach of that contract.
Landlord's Loss: Early termination might cause the landlord inconvenience and financial loss due to a vacant property.
Security Deposit Deduction:
The commission fee deduction from your security deposit is likely based on a clause in your Tenancy Agreement. It's standard practice in some early termination cases.
Possible Solutions:
Negotiate with Landlord:
Try to find a replacement tenant to minimize the vacancy period and the landlord's losses.
Offer to pay a portion of the rent for the vacancy period.
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