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Are your prices net? Are there any taxes that we need to plan for?
Our rates are net prices.
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Are the utilities bill (water/electricity) included in the price?
The Rental rate DOES NOT include the cost of utilities.
We are billing utilities consumptions based on your actual usage of water and electricity. This usage is based on the meter readings that are taken when you move in and move out of your flat.
Our contracts include a prepaid provision for the utilities' consumption on top of our rent (see our rates for more details).
Prepaid amount vary based on the size of the unit.
If the actual invoice for utilities is above the prepaid amount, the tenants will have to pay for the difference at the end of the lease.
If the actual invoice for utilities is below the prepaid amount we will refund the difference together with the deposit.
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Is there any commission to add to the rent?
No, we don’t take any commission (we are not agents). There is only a setup cost per tenant to be paid with the first rent (admin fee).
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How does the utility charge works – what if the utility charges are above/below the prepaid amount?
If you use less water or electricity than the prepaid we’ll reimburse you the difference.
If you use more than the prepaid, we will deduct this from the deposit.
LMB Housing Services can provide a copy of the SPS (Singapore Power Services – the company that provides utilities in Singapore) invoice to the tenants on a monthly basis upon request.
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Is there additional cost to plan for?
If all you need is a place to stay, water, electricity, Internet access, cable TV, and housekeeping and if you don’t use the aircon 24/7 then the only extra cost is the administrative fee to be paid with your first month rent.
If you use less water or electricity than the prepaid we’ll reimburse you the difference.
If you use more than the prepaid, we will deduct this from the deposit.
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Do you have different rates for long term arrangements?
No, we have no special rate for long term arrangement.
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