Hi All,

I am in the process of renting a shoplot. In the tenancy agreement, the owner put this clause:

NOW IT IS HEREBY AGREED as follows:-

1. In consideration of the deposit sums as stated in Sections 6 and 7 of the First Schedule hereto paid by the Tenant to the Landlord, and in consideration of the mutual covenants herein contained, the Landlord hereby grants and the Tenant hereby accepts a tenancy of the Demised Premises for the term as stated in Section 5(b) of the First Schedule hereto commencing from and expiring on the respective dates as stated in Section 5(a) and © of the First Schedule hereto at the monthly rental as stated in Section 8 of the First Schedule hereto, the first rental payment shall be paid on the execution of this Agreement. [/U]The Tenant hereby confirms, declares and agrees that it shall not have the right to terminate this tenancy prior to the expiry of the said term and the said expiry date.[U]

My agent told me the owner is unwilling to change the last sentence about early termination. However she told me according to the Agency Act, if we go to court I will be able to do early termination but with 2 month penalty.

Is it then unreasonable to ask the owner to change the last sentence to something like : "Tenant agrees to pay 2 monthly penalty in the case of early termination" ?

Agent unwilling to give me owner contact details because no payment yet until TA is signed..

Hi Botaknet, doesn't the clause in the TA contradict my right for early termination with security deposit penalty?

The landlord put this in the TA >> [/U]The Tenant hereby confirms, declares and agrees that it shall not have the right to terminate this tenancy prior to the expiry of the said term and the said expiry date.[U]

Just wondering why you said no need to worry..appreciate your clarification. Thanks v much!

This post has been edited by cass1234: Oct 13 2016, 11:48 PM