Are you thinking about renting your extra bedroom for your rental income, but still haven`t found a tenant? Contact our team at Lovelyhomes. We have a solution for you! Common room in 441A Clémenti ave 3. Wifi and air conditioning included. No kitchen. You must obtain permission from HDB before you can rent your bedroom. The Memorandum of Understanding contains the details you need. An administrative fee of $20 USD is charged for each application. Once your rooms are rented, you must notify us within 7 days if: You should note that only rooms originally built by HDB can be rented. All other parts of the apartment (including shared spaces) cannot be used as a bedroom for tenants. The following table is the market price for a shared room rental in Singapore: HDB provides the average rent of apartments in different locations with rental permits.
This is a good resource to discover the cost of an entire unit rent and use it as a reference for a room rental price. Owners of Singapore Citizen (SC) and Singapore Permanent Resident (SPR) can rent their free rooms. There are two other conditions of authorization that owners must meet before renting their spare rooms. The Memorandum of Understanding can be made at the same time as a bona foi bond equivalent to one month`s rent for a one-year lease or two months` lease for a two-year lease. You can convert this into a deposit if you and your tenant sign the lease (TA). Before requesting permission to rent your rooms, familiarize yourself with these Terms and Conditions. You must obtain permission from HDB via My HDBPage or Mobile@HDB before the lease starts….