💡 Planning to lease a property?
Stamp duty is mandatory
Tenancy agreements must be stamped within 14 days of signing. Stamp duty is 0.4% of the total rent for the lease term. Late stamping incurs penalties.
1 of 3
Total Upfront Cost
$0
Due before moving in
Total Lease Cost
$0
Over 24 months
Effective Monthly
$0
Including all costs
Lease Details
$3,000
$500$15,000
24 months
6 months36 months
$3,000
$500$15,000
Deposits & Advance Payment
2 months ($6,000)
1 month ($3,000)3 months ($9,000)
1 month ($3,000)
0 months ($0)2 months ($6,000)
$500
$0$2,000
Fees & Other Costs
50% of 1 month ($1,500)
0% of 1 month ($0)100% of 1 month ($3,000)
0
$0$5,000
Cost Analysis
Upfront Cost Breakdown
Cost Summary
Stamp Duty (0.4%)$0
Agent Fee (50%)$0
Security Deposit (2m)$0
Advance Rent (1m)$0
Utility Deposit$500
Other Costs$0
Total Upfront$0
* Security deposit is refundable at end of lease
Monthly Cost Breakdown
| Month | Rent | Cumulative |
|---|---|---|
| 1 | $3,000 | $3,000 |
| 2 | $3,000 | $6,000 |
| 3 | $3,000 | $9,000 |
| 4 | $3,000 | $12,000 |
| 5 | $3,000 | $15,000 |
| 6 | $3,000 | $18,000 |
| 7 | $3,000 | $21,000 |
| 8 | $3,000 | $24,000 |
| 9 | $3,000 | $27,000 |
| 10 | $3,000 | $30,000 |
| 11 | $3,000 | $33,000 |
| 12 | $3,000 | $36,000 |
Stamp Duty Requirements
- • Must be stamped within 14 days of signing
- • Rate: 0.4% of total rent for lease term
- • Can be stamped online via IRAS e-Stamping
- • Late stamping incurs penalties
- • Both landlord and tenant can stamp
Important Considerations
- • Security deposit typically 2 months rent
- • Agent fee usually half month rent
- • Utility deposit for SP, PUB accounts
- • Budget for minor repairs/touch-ups
- • Consider renovation/furnishing costs
Refundable Costs
- • Security deposit: $0
- • Utility deposit: $500
- • Total refundable: $500
- • Subject to property condition
- • Deductions for damages/arrears
Non-Refundable Costs
- • Stamp duty: $0
- • Agent fee: $0
- • Other costs: $0
- • Total non-refundable: $0
- • These are sunk costs