Isn't the damages will be cover by insurance?

How to claims the furniture damages and how much the value?
Have to provide the before and after picture together with the furniture receipts?

https://claims.speedhome.com you can read there for more info.

Hi, I am owner of a unit that i rented out to my tenant. It ends next week but i now only found out that he have made another tenancy agreement with another tenant using my unit and tenancy ends another 2022... i want to use the unit... how can i kick the tenant out just like that?

Is this a SPEEDHOME unit or normal TA?

If it's SPEEDHOME, please email hello@speedhome.com and we will assist you.

If it's a non-SPEEDHOME TA, I cannot comment on it. But generally, you are not bound to honour any agreement that you are not a party to, you can still proceed to take back your unit and it is your tenant's responsibility to settle with the sublet tenant. You may want to consult a lawyer on this if both refuse to move out.

Between both, I'll prefer normal tenancy. One of the clause in speedhome is that tenant able to terminate the agreement by just giving 2 months notice despite not fulfilling the agreement tenure. In normal circumstances, tenant need to at least honour the agreement period or otherwise deposit will be forfeited. Imagine we need to pay them 1 month + miscellaneous fees despite not able to collecting full year rental. Do you think Speedhome will partially refund the fees they collected if tenant quit before the agreement expired?

Good question.

1. First of all, the 2 month notice is mutually exercisable for both parties. We have seen landlord requesting for it too to sell houses.
2. Suppose tenant exercises his right to cancel with 2 months notice, you can choose to cancel the insurance, of which you will be refunded in a prorated manner - so yes, we refund.
3. Alternatively, you can keep the insurance and SPEEDHOME will find a replacement tenant for you so that you can continue using the insurance for the remaining tenure for FREE.

It's like a headhunter model with 12 months warranty - so is that still a problem?

This post has been edited by wheimeng: May 20 2020, 09:07 AM

Would like to ask, for the room rental, does the Tenancy agreement cover the utilities clause? How it equally divide the bills among the tenants?

This will be listed in the tenancy agreement to split evenly.

Can a landlord choose not to allow some potential tenants to view via the app? Those fishy ones

How to know if fishy ?

If fact, letting an outsider to live in your property is oredi risky even with a TA.

Name in profile and chat is not consistent, not providing all info even requested by the app/chat, some info like no of pax does not match in profile/chat, full of spelling errors in english (while chatting), requesting to view only and move in ASAP.

If you have doubt, then reject.

Screen until your are satisfied to minimise future problems.

Yup, i agree, just wondering if speed home allows the landlord to reject upfront.

Yup, so long it's not racially discriminating.

Ok, how do i reject the tenant since it is in a group chat?

Can i just tell them the unit is taken and in a personal chat with Alicia i say that i am rejecting the tenant?

[quote=wheimeng,May 20 2020, 09:06 AM]
Good question.

1. First of all, the 2 month notice is mutually exercisable for both parties. We have seen landlord requesting for it too to sell houses.
2. Suppose tenant exercises his right to cancel with 2 months notice, you can choose to cancel the insurance, of which you will be refunded in a prorated manner - so yes, we refund.
3. Alternatively, you can keep the insurance and SPEEDHOME will find a replacement tenant for you so that you can continue using the insurance for the remaining tenure for FREE.

It's like a headhunter model with 12 months warranty - so is that still a problem?


Can you explain how number 3 works.

Assuming a tenancy starts on the 1st of January. If a tenant terminates on the 31st of August and we find another tenant in October, is the insurance free for that person from 1st October of this year to the 31st of September the subsequent year? That's how a headhunter warranty works.

[quote=SureshG,Jul 18 2020, 09:56 PM]
[quote=wheimeng,May 20 2020, 09:06 AM]
Good question.

1. First of all, the 2 month notice is mutually exercisable for both parties. We have seen landlord requesting for it too to sell houses.
2. Suppose tenant exercises his right to cancel with 2 months notice, you can choose to cancel the insurance, of which you will be refunded in a prorated manner - so yes, we refund.
3. Alternatively, you can keep the insurance and SPEEDHOME will find a replacement tenant for you so that you can continue using the insurance for the remaining tenure for FREE.

It's like a headhunter model with 12 months warranty - so is that still a problem?


Can you explain how number 3 works.

Assuming a tenancy starts on the 1st of January. If a tenant terminates on the 31st of August and we find another tenant in October, is the insurance free for that person from 1st October of this year to the 31st of September the subsequent year? That's how a headhunter warranty works.

[/quote]

I checked with the Speedhome team.

a) They have confirmed that the refund for insurance is only applicable if the tenancy is less than 6 months. This is still better than an agent's fee, but it's not correct you'll get a refund at all terms.

b) It is not correct that this works like a headhunter model. In a headhunter model, the headhunter will find for you a new candidate free of charge when there is non-performance. In speedhomes case, you just ride out the tenure of your insurance.

Still overall a better deal than the tradisional model, but the analogies used in incorrect.

[quote=SureshG,Jul 18 2020, 09:56 PM]
[quote=wheimeng,May 20 2020, 09:06 AM]
Good question.

1. First of all, the 2 month notice is mutually exercisable for both parties. We have seen landlord requesting for it too to sell houses.
2. Suppose tenant exercises his right to cancel with 2 months notice, you can choose to cancel the insurance, of which you will be refunded in a prorated manner - so yes, we refund.
3. Alternatively, you can keep the insurance and SPEEDHOME will find a replacement tenant for you so that you can continue using the insurance for the remaining tenure for FREE.

It's like a headhunter model with 12 months warranty - so is that still a problem?


Can you explain how number 3 works.

Assuming a tenancy starts on the 1st of January. If a tenant terminates on the 31st of August and we find another tenant in October, is the insurance free for that person from 1st October of this year to the 31st of September the subsequent year? That's how a headhunter warranty works.

[/quote]

The warranty period is 1st of Jan 2020 to 31st Dec 2020. Anything within the 12 month, the insurance can cover for free.

It won't be infinite extension as the insurance has a finite timeline. Hope this helps.

This post has been edited by wheimeng: Jul 20 2020, 09:49 AM

Can i use speedhome for Rumawip rental?