Subletting Your Premises
For Land
Eligibility
Lessees may sublet up to 50% of the total Gross Floor Area (GFA). The maximum sublet period is 3 years and is renewable upon its expiry. The subletting cap of 50% of the GFA does not apply to lessees of Real Estate Investment Trust companies.
The proposed sub-tenant would need to obtain approval from NEA and the other relevant authorities (eg. URA, MOM, etc) for their proposed use / trade. The lessee would need to submit subletting application to HDB for approval.
Fees
For leases on rental scheme, the sublet consent fee payable by the lessee is computed as follows:- Sublet consent fee per annum = [80% (Prevailing posted land rental rate – Existing contractual land rental rate) x (Land area / Gross floor area) x Sublet area x Share of Subtenant not owned by lessee] , subject to a minimum of $500/- per annum.
For leases on premium scheme, the sublet consent fee payable by the lessee is computed as follows:
- 3% (Sublet rent per annum) x Share of subtenant not owned by lessee, subject to a minimum of $500/- per annum.
For subletting for secondary dormitory use, the sublet consent fee payable by the lessee is computed as follows:
- 3% (Sublet rent per annum), subject to a minimum of $500/- per annum.
How To
- Complete and submit the online sublet application form.
- You will receive an online acknowledgement of receipt of the application.
- Once HDB grants in-principle approval, you will be notified via email with Terms & Conditions stated.
- Please complete the IA application form available online at http://ias.nea.gov.sg.
Do forward us a copy of the acknowledgement upon your successful online submission to NEA. Once NEA has approved the proposed usage, please send us the approval by fax to 68543498 (Attn: Lease Management Team) for our processing. - HDB will inform you of the sublet consent fee payable. The sublet consent fee should be paid by the lessee directly.
- The sublet may commence once you have paid up the sublet consent fee.
