It's wise to be cautious when renting a shophouse with structural damage. Here's how to protect yourselves:
Addressing Repairs Before Signing:
Don't Pay Until Repairs Done: Avoid paying the security deposit and rent until the repairs are demonstrably completed and the shophouse is in a habitable and functional condition.
Written Confirmation: Get written confirmation from the landlord that the repairs will be completed to a specific standard before you take possession. This confirmation should be included as an addendum to the Tenancy Agreement (TA).
Standard Deposit and Rent:
Two Months' Deposit Standard: In Singapore, the standard practice is for tenants to pay a security deposit equivalent to two months' rent. The agent's demand for three months' deposit is unusual and can be negotiated.
Additional Tips:
Inspect Thoroughly: Before signing the TA, conduct a thorough inspection of the shophouse with the landlord present. Document any existing damages (beyond the reported ceiling issue) with photos and videos.
Review TA Carefully: Ensure the TA clearly outlines the repair responsibilities of both parties (landlord and tenant) and the timeline for completing the repairs.
Consult a Lawyer (Optional): Consider consulting a lawyer specializing in property law to review the TA and ensure your rights and obligations are clearly defined, especially regarding repairs and timelines.
Here's how to approach the situation:
Negotiate with Agent: Explain your concerns and insist on paying the deposit and rent only after the repairs are completed. Negotiate the standard two months' deposit.
Walk Away if Needed: If the landlord or agent isn't flexible on these points, it might be best to walk away and look for another shophouse in better condition.
Remember: Don't feel pressured to rush into a rental agreement that doesn't address your concerns. Prioritize protecting your finances and ensuring you're getting a shophouse in a suitable condition for your business operations.
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