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Rental Bond

$100.00

It is a security deposit paid by the tenant to the landlord at the start of the tenancy. This reduces the impact to the cash flow of the tenant whereby they can utilize the cash amount. The bond is paid back to them when the property is vacated, provided no money is owed for rent, damages or other costs.

Documents Required

  • Tenancy Agreement
  • Latest ACRA Bizfile (within 3 months)
  • Latest Audited Financials
  • Bond Format (if any)

Applicable to

  • All Tenants

Case Study
ABC Logistics entered into a sale and leaseback agreement with XYZ REIT. As part of the 7 year agreement, ABC has to put up deposit of 7 months amounting to $5 million. To reduce the impact such a situation has on ABC Logistics’ cash flow, they will then place a Rental Bond issued to XYZ REIT, as opposed to utilizing their cash amount.
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For more information on Rental Bond, please contact us at:
Email: awg@awginsurance.com
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Product Description

It is a security deposit paid by the tenant to the landlord at the start of the tenancy. This reduces the impact to the cash flow of the tenant whereby they can utilize the cash amount. The bond is paid back to them when the property is vacated, provided no money is owed for rent, damages or other costs.

AWG: Covid19 Announcement

Dear Valuable Clients and Partners, 

Following the suspension of activities at workplace premises under the elevated safe distancing measures announced by the Ministry of Health (MOH) on 3rd April 2020, we would like to announce the following changes to our work so as to continue our service to our customers. 

AWG Insurance Brokers is a key member of the financial service industry and we are exempted from the suspension. We will continue to provide services to our customers, but with the following measures and changes. 

Closure of Office to walk-in Customers. 
We will no longer allow walk-in submission of documents. The office will not be opened to the public and you will need to submit any Original Documents to our Letter Box placed at our office. If Original is not required, we will encourage sending via email. This is to reduce human contacts and reducing the risk of infection. 

Working from home
Our staff and management will be taking turns to work at home. We will have a reduced workforce during this period. Many insurance companies also have their staff working from home. You may still contact your servicer at the DID in their email. 

Premium Payment

We will not be able to receive cash payment from customer and all payment is to be made via Paynow with UEN No : 199002234G, QR Code (reflected on our debit note) and Cheques. Please indicate the policy/policies number that you pay and email to dorcaschoy@awginsurance.com for any funds transfer 

MAS has also announced recently on the availability of premium installment. We have not gotten any update from insurers as of today and will update you soonest once we have any information.  

Claims 
Claim function is probably the most important part of our existence. We continue to assist and advise you on any claims matter. For claims payment, we would advise that you opt for direct fund transfer to your designated account number if the option is available. 

We apologize if there is any inconvenience caused and wish you good health amidst this difficult time. 

Regards