Diplomatic Clause In Tenancy Agreement Sample

Due to cultural norms and public housing policy, Singapore`s rental market tends to be very expatriate-oriented. This is why most leases will include an exit clause, also known as a diplomatic clause or minimum tenancy period. These are the typical terms of an exit clause: a discussion of diplomatic clauses would be incomplete without a few clauses for presenting examples. Here are two examples: “The tenant can denounce this agreement after six (6) months after the implementation of this agreement (which will be on October 1, 20XX to avoid doubts) if the tenant is forced to leave Bangkok due to unpredictable circumstances that are beyond the tenant`s control. In this case, the tenant must give the landlord at least thirty (30) days of written termination.” A basic lease will likely include the following provisions. These provisions are largely chronologically classified, from the signing of the contract to the rights and obligations to be fulfilled and respected by both parties with respect to the tenancy agreement, to the termination of the tenancy agreement and other ancillary matters: it is simply a clause allowing the tenant to terminate his tenancy agreement prematurely without risking losing his deposit. , if there is an appropriate notification (usually 1 month). While this may seem terribly disadvantageous to the owner of the property, there are two ways to ensure that the owner can reap maximum benefits, while maintaining a degree of flexibility and fairness: compensation is a promise of X to pay for any losses that Y might suffer as a result of X`s actions. This is most often the case in leases in the form of a promise from the tenant to compensate the lessor for the losses the lessor may suffer from the tenant`s action. For example, if the landlord penalizes for violating existing laws or regulations, because the tenant is installed incorrectly or performs certain work, the tenant will pay the landlord the amount that the landlord has been penalized. Most two-year leases contain a diplomatic clause as a safety net for you, so that in the unfortunate event that such cases occur, at least you don`t have to worry about unpaid rent.

مقالات ذات صلة

شاهد أيضاً
إغلاق
زر الذهاب إلى الأعلى
إغلاق
إغلاق