Document background
The Letter of Interest for Rental Property is a crucial preliminary document in Singapore's rental market. It serves as a formal way to communicate serious rental interest while the parties work toward a binding lease agreement. This document is particularly important in Singapore's competitive rental market, where multiple parties may be interested in the same property. It typically includes proposed terms, tenant information, and financial capabilities, helping landlords assess potential tenants. While not legally binding, it demonstrates commitment and often leads to holding the property while formal lease arrangements are made.
