I understand your situation, and I'm here to help! In Singapore, both tenants and landlords have rights and responsibilities when it comes to early termination of a tenancy agreement. Let's break it down:
1. **Security Deposit:**
- The "Security Deposit" is typically equivalent to one month's rent for a one-year lease or two months' rent for a two-year lease.
- If you terminate the rental contract early, you may lose the entire security deposit. The landlord can deduct expenses and costs due to any violations of the tenancy agreement.
- So, yes, the landlord can withhold the deposit if you terminate the lease prematurely¹.
2. **Promo Fee on Rental Platforms:**
- The $200 per month promo fee is not a standard practice and should be clarified in your tenancy agreement.
- Check your contract to see if this fee is explicitly mentioned. If it's not, you may want to discuss it with your landlord or seek legal advice.
3. **Replacement Tenant:**
- Some tenancy agreements include a "Get-out Clause" that allows tenants to terminate the lease after a minimum rental period (usually with 1 to two months' notice).
- If such a clause exists, you can terminate the lease without compensation after notifying the landlord in advance.
- However, if there's no such clause, you may need to continue paying rent until a replacement tenant is found.
4. **Legal Considerations:**
- Always communicate with your landlord and seek legal advice if necessary.
- Remember that landlords can legally terminate a lease early if tenants violate the terms and conditions (e.g., failure to pay rent, property damage, illegal activities) ².
- If you wish to surrender the lease, obtain your landlord's consent. They may request monetary compensation³.
In summary, review your tenancy agreement, consider seeking legal advice, and discuss the situation with your landlord. It's essential to understand your rights and obligations.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
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