How to rent your HDB Flat Bedrooms out

In a place where cost of living is going up especially when you have your own place and start your own family, it is always a good thing to gain increase in income to cope, and to make any future plans (retirement, family planning etc). Renting out your HDB Bedroom is one way to gain passive income.

Steps to rent out your HDB Bedroom
1) Put up your ad or look for tenants who is looking for a place. You will want to advertise the good things your place has got to offer, and of course your asking rates. There are a number of Facebook groups and websites which gives you a channel to do this.

2) Get an agreement between you and the tenant(s). You probably want to draft a contract with Terms and Conditions for the tenant to agree upon and for both you and your tenant's retention.

3) Help him/her/them to apply online via HDB website either before they move in, or within 7 days after they move in.

You need to get the following details from your tenants:
- Full Name
- NRIC/FIN No.
- Date of birth
- Their work sector (e.g. Construction)

Online Application Steps

• Log in into HDB Website using your SingPass

• Navigate to Application for Renting Out a Bedroom
• Click on the bedroom you intend to rent out (Unfortunately I'm not able to show the screenshot as my bedrooms are already rented out)
• Key in the required details (e.g. Tenant's Full Name, NRIC/FIN No., Nationality, Pass type, Tenancy period, Work Sector etc.)

And there! You're done!

But what about first-time non-citizen?
For a person who is going to work in Singapore for the first time, you will still need to get his or her FIN No. to do the application. To do that, your tenant will probably need to liaise with MOM and the employer based on his In-Principle Approval. Note only the employees themselves can request for the FIN No.

Rental Period

• Minimum 6 mths. 
• Max 18 mths if the particular room being rented out involves any non-Malaysian non-citizen tenants
• Max 36 mths for Malaysians/Singaporeans

Verification
There are a few ways to let the tenants verify they are registered:

• You can go to HDB's Renting Out (Link here). This requires SingPass.

• After clicking the link, click on the appropriate option. For my post I will only be looking at renting out bedrooms.

• Click on "Enquiry on Rental Records" and then click "Continue"

• Clicking on the links at "Start Date" will lead you to the details of the tenant and tenancy.

• You can go to HDB's Enquiry on Authorised Tenants (link here), fill up the details accordingly, and show them the enquiry result or the screenshot of it.
• Fill up Enquirer (in this case, yourself) Name and FIN/NRIC No.
• Fill up Tenant's detail
• Click on Enquire and you're set!

Rates
From what I know, HDB Common Room Market Rate goes $500 for single, no air-con to $750 for couple, air-con. This is subject to the amenities, the location and probably other perks you as a landlord can offer. A Master room would probably be $800-$900? Condominium would command an even higher rate.

Keep in mind:
- Each application to rent out bedroom costs $10.
- You cannot rent whole flat out if you own the place for below 5 years
- If you are going for vacation, need to apply something from HDB
- If your tenants-to-be has vehicles, note that Non-Singapore vehicles cannot apply for season parking
- You can only rent 1 room out for a 3 room and up to 2 rooms out for a 4 room or bigger.
- Only up to 6 people can stay in 4 room or 5 room.

Links:

• https://www.hdb.gov.sg/cs/infoweb/residential/renting-out-a-flat-room
• https://www.hdb.gov.sg/cs/infoweb/residential/renting-out-a-flat/-bedroom/renting-out-your-bedroom/regulations-for-renting-out-bedrooms