4 things landlords in Singapore should look out for in a Covid-19 market
Make sure you do checks and are insured before you rent out properties
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Many landlords are having problems with renting out their units now.
ST PHOTO: LIM YAOHUI
The landlord of a new luxurious condo was especially proud that his unit came with the most expensive and sophisticated kitchen appliances. But never did he expect that this would result in a misfortune for him - his tenant's domestic helper misused one of the appliances and triggered an explosion and fire.
While no one was hurt in the incident, the condo suffered serious damage that needed $75,000 to fix. Luckily for the owner, he had adequate home insurance to pay for it.