26/07/2024
Do the right thing - always do due diligence to check with either real estate agents or HDB if you unsure of the current rules and policies, and never think that you won't get caught. All it takes is one time and the fines are hefty.
Strict No-no's for HDB leases
1. Lease term of less than 6 months
2. Leasing out property BEFORE MOP is up
3. Not occupying the premises during the MOP period
4. Number of tenants occupying the premises exceeds what's allowable
THE Housing and Development Board (HDB) has taken action against about 800 flat owners for lease infringements between 2019 and 2023. Some had failed, for example, to follow the conditions of the Minimum Occupation Period (MOP); others broke the rules on the renting out of their flats. Read more at....