Singapore Expats

Hi
As of now I have a condo apt in Singapore and plan to relocate to India in 2 months time. I wish to rent out the property.
1. I'll engage an agent but additionally do I need to give power of attorney to someone ?

2. Also, what is the usual practice in such cases regarding managing the minor repairs/painting etc.? Do agents take care of such repairs as well ?

thanks

amkpak wrote:Hi
As of now I have a condo apt in Singapore and plan to relocate to India in 2 months time. I wish to rent out the property.
1. I'll engage an agent but additionally do I need to give power of attorney to someone ?

2. Also, what is the usual practice in such cases regarding managing the minor repairs/painting etc.? Do agents take care of such repairs as well ?

thanks

I would not give a POA for such a thing unless the agent insists he needs it - even then make sure it's a restricted POA.

Yes they can and should.

PNGMK wrote:

amkpak wrote:Hi
As of now I have a condo apt in Singapore and plan to relocate to India in 2 months time. I wish to rent out the property.
1. I'll engage an agent but additionally do I need to give power of attorney to someone ?

2. Also, what is the usual practice in such cases regarding managing the minor repairs/painting etc.? Do agents take care of such repairs as well ?

thanks

I would not give a POA for such a thing unless the agent insists he needs it - even then make sure it's a restricted POA.

Yes they can and should.

Would consider finding another agent if an agent were to insist on a Power of Attorney.

By the way, a POA is not cheap in SG.

kaseyma and PNGMK, thanks for your responses.

Do agents usually charge more than standard fee for managing such rentals where owner is not in Singapore ?