How do I rent out my unit myself

Renting out your unit yourself involves several important steps to ensure compliance with regulations and a smooth rental process:

1. Understand Regulations:
- Ensure the minimum stay duration for tenants is three consecutive months.
- For private residential properties smaller than 90sqm, the occupancy cap is six unrelated persons per property.
- For properties of at least 90sqm, from 22 Jan 2024 till 31 Dec 2026, the occupancy cap is temporarily relaxed to allow up to eight individuals.

2. Verify Legal Ownership:
- Confirm that you are the legal owner of the property.

3. Verify Tenant's Status:
- Check the immigration/employment status of foreign tenants to ensure they are legally residing in Singapore.

4. Prepare Tenancy Agreement:
- Draft a detailed tenancy agreement, which is a binding contract signed by both the tenant and the landlord.
- Include tenant's and landlord's full details, payment details, security deposit, and termination clauses.
- Use the Estate Agent's Standard Tenancy Agreement if possible.

5. Collect Deposits and Rent:
- Collect the security deposit and the first month's rent, minus any good faith deposit given with the Letter of Intent.

6. Inventory of Contents:
- Prepare an inventory of contents, listing all fittings and furniture rented as part of the apartment, along with their condition.
- Have the tenant sign the inventory when they move in and check it when they move out.

7. Compliance:
- Ensure tenants use the property only for residential purposes and do not sublet it.
- Make sure tenants comply with all covenants in the lease and the provisions of the Housing & Development Act.

8. Utilities and Handover:
- Advise tenants on utilities application and handle the handover of premises and inventory.

By following these steps, you can effectively manage the rental of your unit yourself. Good luck with your rental process!