Developed as a joint venture by UOL, UIC, and Kheng Leong, Avenue South Residence is the most recent development in the Central region of Singapore. It has all the facilities needed for a family, couples or bachelors to live there. Some people who are always traveling due to work or those who can’t presently afford to buy a residential unit can live here as tenants. From basic amenities like gym, swimming pool area, function rooms to luxurious ones like recreational activities for families and kids every weekend, you will find everything here.
Soon the Avenue south Residence floor plan will be out and then you can find tenants for your units.
If you want to rent your Avenue South Residence condo unit to tenants, here are some points to consider-
Taxes – When you are going to put any property on rent, make sure that you have all your legal and tax documents with you. Because even though you are renting it to someone else to live, the tax would be paid only by the owner, i.e. you. You can also use a part from the rent to pay the tax of your condo. Keep all your tax payment receipts and documents safely; it might be useful if ever you face a legal property battle. Some people might also try to capture your unit, so you will have the tax documents as evidence to strengthen your case.
Insurance – This is very important especially when you intend to rent your condo units to tenants. An insurance of the unit would guarantee that you have financial security if ever anything happens to your property, in the future. Your tenants could also live peacefully knowing that any damage to the unit will not be a financial burden on their heads. Insurance will also save you from any argument with your tenant.
Maintain the property – When you have made an offer to rent your condo unit, you also need to take good care of it so that when tenants come to look at it, they find it lively and clean. Any dirt or untidiness will only discourage the tenants to live there. So, make sure that you maintain all the facilities of the unit and all the electrical and water supplies are running. You can also visit your unit now and then, to take a look and know the condition of your condo. Your tenants can also tell you if there is any type of problem they are facing while living there, so you can see to it that it gets fixed.
Hire a rental company – Just publishing an ad won’t do the job of finding you a tenant. A professional rental company would help you in finding them. They have many applications of renters who want to stay at a luxurious home with all the facilities nearby. Those who work in CBD would also contact them to find a unit suitable for their needs. Your advantage would be that you don’t need to do any work and the rental company will take care of finding friendly and decent tenants and the paperwork that comes with them.