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In our rental contract, it states "In the event the rent remaining unpaid SEVEN days after becoming payable, it shall be lawful for the landlord to claim interest at 10 per cent on an annual basis on the amount unpaid calculated from after the date due to the date of actual payment." Rent is supposed to pay at 1st of June but 9 days passed already. How much tenant should be paying for the penalty then ? Is it like $5.96 ?
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3 Answers

Hi, appreciate your sharing. Subject to the rental amount signed. Best to check with tenant directly whether he or she is oversea or posted for oversea work trip.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
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  • Stewart Lim
    Appreciate your sharing, I will give tenant a chance and only for the 2nd time I will charge him for the late penalty if any.
  • RH
    Thanks... forgot to add that the monthly rental is $2200.
The amount is somewhere along that line of $5.96 probably, depending on the rental amount. Don't expect a huge amount for penalty. It is a small amount that when I first helped my landlord calculate how much to claim against his tenant a few years back, I also realised that the figure is peanuts.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

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  • RH
    Thanks... forgot to add that the monthly rental is $2200.
Hi Rick

It will be depend on rental amount. I will be glad to assist
I am well versed in rental and has done many rental transactions
Appreciate if you can contact me at (65) 96608508  with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More
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