Forum: Do more to protect home owners from unscrupulous tenants
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The recent case involving American national Anthony Thomas Price raises serious questions about the protection of home owners in Singapore, particularly elderly landlords (Man uses shell companies to rent landed homes, later defaulting on rent and refusing to move out, Oct 12).
The court’s findings on the conduct involved should prompt a discussion about how such situations can be prevented.
For many home owners, rental income represents their retirement security. Yet, when tenants default on rent and refuse to vacate, landlords may face prolonged legal proceedings, mounting expenses and little prospect of recovering their losses.
Should the Council for Estate Agencies strengthen guidance for property agents acting on behalf of landlords, particularly when facilitating corporate tenancies? Perhaps consider building a blacklist of recalcitrant tenants.
While legitimate businesses should not be prevented from renting residential properties, should additional safeguards be considered when companies with limited financial resources undertake substantial rental commitments? Measures such as appropriate guarantees or enhanced financial disclosures may help reduce the risks.
I hope the authorities will review whether stronger safeguards and more effective enforcement mechanisms are needed.
Lim Lay Choo