QUOTE(MJ29 @ Apr 10 2018, 05:49 PM)
sifu's...
which is a better option for residential property rentals...TA 1 +1 period or 2 years straight .....if 1 + 1 the landlord may be able to raise the rental on the second year, rite?.....what about if the TA is 2 years straight ,....can the landlord increase rental after the first year, say on the 13th month?
Whats the pro and con about ..between 1 + 1 and 2 years straight TA for residential....
Also if opt for 1 + 1 TA, upon expiry of the first year, is renewal (redo) of complete TA required or only one page something like supplementary page will do..
Pls share...
If the Tenancy Agreement is two years straight, the stamping fees is higher than a one plus one Tenancy Agreement.
As for a one plus one agreement, usually the tenant has to give an advanced notice of two months (usually) to the landlord expressing the tenant's intention of extending the tenancy. The notice may be writing or verbal notice, subject to the wording of the tenancy agreement. If it's a written notice, then a simple letter or even a Whatsapp msg would suffice, unless there are major revision of the original terms within the tenancy agreement.
Whether the landlord can raise the rental in a one plus one tenancy agreement is subject to the wording of the original tenancy agreement, the same applies in a two years tenancy agreement.
This post has been edited by Hisham8686: Mar 26 2019, 12:23 AM