RES exam question on Leasing of Private Property: At lease commencement, the parties handle administrative matters
At lease commencement, the parties handle administrative matters. They sign and e-stamp a tenancy agreement, prepare an inventory/handover list, and negotiate the diplomatic and minimum-stay clauses. Which is/are correct? (i) These administrative steps are legally meaningless formalities (ii) Tenancy stamp duty should be paid (e-stamped) within the prescribed period (iii) An inventory list documents the unit's condition at handover (iv) Diplomatic/minimum-stay clauses allocate early-termination rights and risks
- A(ii), (iii) and (iv)
- B(i), (iii) and (iv)
- C(i), (ii), (iii) and (iv)
- D(i), (ii) and (iii)
Show answer & explanation
Answer
A. (ii), (iii) and (iv)
Explanation
(ii) is correct because tenancy stamp duty must be e-stamped within the prescribed period. (iii) is correct because an inventory/handover list records the unit's condition at handover, which matters for deposit deductions later. (iv) is correct because diplomatic and minimum-stay clauses allocate the rights and risks around early termination. Hence (ii), (iii) and (iv).
Why the other options are wrong
- (i) is wrong: these steps are not empty formalities.
Study the concept behind this question: Leasing Private Residential Property (Singapore)
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