Rental Stamp Duty
Stamp Duty on leases is payable based on the declared rental or the market rental, whichever is higher, at the Lease Duty rates.
| AVERAGE ANNUAL RENT (ARR) | LEASE DUTY RATES |
|---|---|
|
AAR Does not exceeds $S1,000 |
Exempted |
|
AAR exceeds S$1,000 – lease period of 4 years or less |
0.04% of the total rent for the period of the lease |
|
AAR exceeds S$1,000 – lease period of more than 4 years or any indifinite term |
0.4% of 4 times the AAR for the period of the lease |
Rental Deposit
In Singapore, it is common for the landlord to collect a 1 to 2 months security deposit for the duration of the lease.
Agent's Commission
| PARTY | duration of lease | PROFESSIONAL FEE |
|---|---|---|
|
Landlord |
12 months or less |
Minimum Half (1/2) month’s rent |
|
Landlord |
Every subsequent 12 months or less |
Minimum Half (1/2) month’s rent |
|
Landlord |
Renewal of lease (every 12 months) |
Minimum Half (1/2) month’s rent |
For cases where monthly rent is below S$3,500 or less
| PARTY | duration of lease | PROFESSIONAL FEE |
|---|---|---|
|
Tenant |
12 month or less |
Minimum Half (1/2) month’s rent |
|
Tenant |
Every subsequent 12 months or less |
Minimum Half (1/2) month’s rent |
|
Tenant |
Renewal of lease (every 12 months) |
Minimum Half (1/2) month’s rent |