Disclaimer:
Our detailed Terms and Conditions are listed in the Letter of Offer and Tenancy Agreement that we will send you before you confirm your booking.
This document is an excerpt of these Letter of Offer and Tenancy agreement and is intended to give an overview of our Terms and conditions.
- If there is any discrepancy between the Letter of Offer we may send you and this web page the Letter of Offer will be the reference document.
- If there is any discrepancy between the Tenancy Agreement we may send you and this web page the Tenancy Agreement will be the reference document.
Key Concepts
Tenant:
The individual or the entity that has signed a Contract with LMB Housing Services.
Contract:
The Letter of Offer and Tenancy Agreement together form the Contract that bound the Tenant and LMB Housing Services. The Contract defines the rights and obligations of each party. The Contract is signed under the laws of the Republic of Singapore.
Retainer:
Any amount paid by the tenant to LMB Housing Services before the signature of the Tenancy Agreement and after the signature of the Letter of Offer. The Retainer will be deducted from the amount to be paid as Deposit and serves as a guarantee to confirm booking.
Security Deposit:
The refundable amount paid by the Tenant and held by LMB Housing Services as security collateral. The Tenant shall pay two months rent as a Security Deposit (usually, we use part of your security deposit to pay for your last month rent).
Admin fee:
The non refundable amount paid by the tenant at the beginning of the lease.
Rent:
The amount paid by the Tenant for the Core Services provided by LMB Housing Services. These Core Services are:
- Rental of the flat
- Utilities subscription
- Wireless internet access
- Cable TV subscription
- Provision of bed sheets, towels, cutlery, dishes, etc…
- Maintenance contracts and aircon servicing
- Weekly housekeeping:
- Clean all rooms
- Clean the kitchen
- Clean bathrooms and toilets
- Vacuum and mop floors
- Dusting off furnitures and knickknacks
- Change bed sheets (once a week). The tenant is responsible for cleaning the sheets so that there are always clean sheets available for the housekeeper to perform this. If no clean sheets are available then the housekeeper will not be able to change sheets.
- Clear trash
Prepaid utilities:
The amount that will be billed together with the rent to cover for the utility expenses (water, electricity).
A month:
A month is defined as the period between the numerical day D of month M and the numerical day D-1 of month M+1 (ex: a one month period that starts on May 14th will end on June 13th).
By convention 1 month is ALWAYS equal to 30 days.
Terms and Conditions
Payments
The Retainer shall be paid when the Tenant signs the Letter of Offer.
The Security Deposit shall be paid in full on signing the Tenancy Agreement.
There will be a one time administration fee to be paid with the first month lease. See the pricing tables for more information
Payment terms:
The rent for any given month (M) shall be paid before the 28th of the previous month (M-1).
Payments are to be made in SGP dollars. If payments are made in other currencies, the source for the exchange rate applicable will be www.xe.com on the day the money is credited on LMB Housing Services’ bank account. The applicable exchange rate will be the rate of the day +15%.
All payment shall be made by wire transfer.
Compensations, Cancellation policies:
- Failure to sign the Tenancy agreement before twenty one days (21 days) prior to commencement of the stay as stated in the Letter of Offer:
Half the Retainer will be kept by LMB Housing Services as compensation.
LMB Housing Services will then have the right to lease the property to another interested party. - Failure to sign the Tenancy Agreement during the period in between twenty one days (21 days) prior to the commencement of the stay and the commencement of the stay as stated in the Letter of Offer:
The full amount of the Retainer will be kept by LMB Housing Services as compensation .
LMB Housing Services will then have the right to lease the property to another interested party. - Cancellation of the Contract before twenty one days (21 days) prior to commencement of the stay as stated in the Letter of Offer:
Half the Security Deposit will be kept by LMB Housing Services as compensation.
LMB Housing Services will then have the right to lease the property to another interested party. - Cancellation of the Contract during the period in between twenty one days (21 days) prior to the commencement of the stay and the commencement of the stay as stated in the Letter of Offer:
The full amount of the Security Deposit will be kept by LMB Housing Services as compensation.
LMB Housing Services will then have the right to lease the property to another interested party.
