An LOI commonly records the proposed commercial terms before the full tenancy agreement is finalised. Be clear about what has been offered, what remains subject to agreement and how any accompanying payment is treated.
Start with the document
Check the signed tenancy agreement, inventory and any written amendments or messages that form part of the arrangement. The exact facts and wording matter.
Keep evidence
Keep relevant photos, receipts, payment records and messages. Good records make it much easier to establish what happened and what was agreed.
Resolve it clearly
Communicate the issue and proposed solution clearly. If both sides agree to change an existing arrangement, record that agreement in writing.
Does an accepted LOI mean the rental is confirmed?
A tenant and landlord agree on rent and move-in date, but the draft tenancy agreement leaves out a requested pet clause.
What I would do
Check the LOI for acceptance, conditions and any binding wording; clarify disputed terms before signing the tenancy agreement; confirm in writing how any deposit is handled if negotiations fail.
JC's practical tip: An LOI is not automatically non-binding or automatically equivalent to a completed tenancy agreement. Its effect depends on the wording and circumstances.
Frequently asked questions
Is an LOI compulsory? There is no universal requirement for every private residential rental to use an LOI. Parties may negotiate directly, but should record agreed terms clearly.
Can either party withdraw after acceptance? Possibly, but there may be contractual consequences. Review the accepted terms and obtain legal advice if money or liability is disputed.
Legal requirement vs agreement: Common market practice is not automatically law. Check your signed documents and current official guidance before acting.
General Singapore rental information only, not legal advice. Examples are illustrative; seek qualified advice for disputes.