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Signing an agreement should not be treated lightly, and in this instance, since you have already signed on the tenancy agreement, should landlord be adamant in going after for damages, you may have to pay the entire contract amount.

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.

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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

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Hi, this depends greatly on the TA you signed as well as what the landlord has in mind .

If you are in the process of a property journey be it in renting/selling/buying/investing and you are looking for someone to assist you, I will be avaliable Do reach out to me for assistance.

Landon Chew
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Potential Costs:

Security Deposit: As you mentioned, you'll likely forfeit the security deposit you paid when signing the tenancy agreement. This deposit is usually equivalent to one month's rent.

Compensation to Landlord: The tenancy agreement might have a clause specifying compensation to the landlord in case of withdrawal. This could be a fixed amount or a pro-rated amount based on the remaining lease term. Carefully review the clause to understand your obligations.

Here are some additional things to take note of:

Early Termination Notice: Although you're not moving in, it's still recommended to provide the landlord with written notice of your intention to terminate the tenancy agreement as soon as possible. This demonstrates good faith and helps mitigate potential disputes.

Impact on Future Rentals: Breaking a tenancy agreement might leave a negative mark on your rental history, making it difficult to secure future rentals. Landlords often conduct background checks that might reveal previous tenancy issues.

Here's what you can do:

Review Tenancy Agreement: Carefully read the tenancy agreement you signed, specifically clauses related to early termination and compensation.
Communicate with Landlord: Open communication with the landlord is crucial. Explain your situation and try to negotiate a mutually agreeable solution, such as finding a replacement tenant.
By understanding the potential costs and taking proactive steps, you can minimize the negative consequences of backing out of a tenancy agreement.
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