Terms and Conditions

• Monthly Rental & Service Charge
  
  Your monthly rental and service charge will be deducted through GIRO for the entire tenancy term. The transaction will take place on the 21st of every month.
  
  For First Time Payment
  
  If you have an existing GIRO account and your GIRO limit is sufficient to cover the revised rental and service charge, the first time payment will be deducted through GIRO. However, if you have not applied for a GIRO account or if you have a GIRO account with a limit that is insufficient to cover the revised rental and service charge, you will be required to pay the first month's rental and service charge by cheque.
  
  Subsequently, you will need to write in to your bank to either apply for or increase the GIRO limit for future deductions of the monthly rental and service charge.
  
  
  
• Stamp duty
  
  JTC provides stamping services on behalf of the Stamp Office, Inland Revenue Authority of Singapore (IRAS). The stamp duty is payable for stamping of the acceptance letter. This is calculated based on the average rental and services charges over a one-year period. Click here for more details on stamp duty.
  
  
  
• Placing of a security deposit for the new term
  
  You will be required to place a security deposit for the tenancy term. The deposit is equivalent to THREE months' rent and service charge. The deposit may be paid in the form of a Banker's Guarantee, Insurance Guarantee or Cash.
  
  
  
• Placing of a re-instatement deposit

Re-instatement deposit is required by JTC for any building extensions, additions or alterations that you have carried out on your premises during the period of occupation.

JTC will advise you in writing on the amount of re-instatement deposit you are required to place at the start of a new tenancy term. If you have an existing re-instatement deposit and there is a need to top up the amount, you will also be advised in writing, at the start of the new tenancy term.

The re-instatement deposit may either be in the form of Cash, Insurance or Banker's Guarantee.

• Time Period covered by deposit

Both the security and re-instatement deposits shall cover the entire 3-year tenancy term.

If you choose to place an Insurance or Banker's Guarantee :

a) The guarantee period shall cover an additional 3 months following expiry of the 3-year term (a total of 39 months).
b) Separate guarantees are required for the security and re-instatement deposits.

• Application for Insurance or Banker's Guarantee

To apply for an Insurance or Banker's Guarantee, please submit the pre-printed standard form attached to your offer letter to any bank or financial institution issuing such guarantees.

• Requirement to carry out re-instatement works on your premises

  To ensure that your premise is maintained in good condition, you will be required to carry out re-instatement works at the start of each new term. You will be advised in the renewal letter on what re-instatement works are required and the time frame for completion.
  
  
  

• Rectification of breaches

  It is your responsibility to ensure that you do not breach any of the Terms and Conditions of the tenancy. Should there be any existing breaches, you will be required to rectify them by the stipulated deadline.