Under the URA’s guidelines, the leasing of rooms to residential renters or a whole flat is only allowed for six months and above. Anything below that’s just allowed for serviced apartments and resorts.
Nevertheless, a BT report earlier this month disclosed that some lodging providers have been offering short term stays in private residential properties. They could evade the bureau’s rules as a result of clever wording of the tenancy arrangements.
On behalf of BS Shenton Pte Ltd, tenancy arrangements issued by Uncharted Homes, for instance, stipulate a tenancy interval of at least six months, but come with a diplomatic clause allowing the tenant to rescind the contract without fee.
LMB Housing Services, another lodging service provider, uses an open-ended agreement that lays down a minimum lease of six months without setting the last date of stay. In addition, it gives tenants the right to stop the lease if they submit a conclusion letter before departing without incurring a penalty.
One of the many providers that provide short term stays, the only other ones named in the BT report were International Service Flats and Atas Home, formerly called Overseas Students Placement Centre (OSPC).
Under the Estate Agents Act, people and entities must be licensed and registered with the CEA.