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Commercial Lease Extension Letter
"I need a Commercial Lease Extension Letter for our retail outlet at Orchard Gateway Singapore, extending the current 3-year lease for an additional 2 years from March 1, 2025, with a 5% increase in monthly rent."
1. Current Lease Reference: Details of the existing lease agreement including date, parties, and reference numbers
2. Extension Request: Formal request to extend the lease with specific reference to relevant clause in original lease
3. Extension Period: Specific duration of the proposed extension and new end date
4. Rent Details: Confirmation of rent amount during extension period including any adjustments
5. Terms Continuation: Confirmation that other existing terms and conditions remain unchanged
1. Modified Terms: Section detailing any changes to existing terms that will apply during the extension period
2. Security Deposit Adjustment: Details of any changes to security deposit amount and payment terms
3. Building Improvements: Specifications of any agreed building works or improvements during extension period
4. GST Declaration: Statement regarding GST applicability and treatment
1. Original Lease Agreement: Copy of the existing lease agreement being extended
2. Property Plans: Updated floor plans or property boundaries if relevant to the extension
3. Certificate of Insurance: Updated insurance certificates covering the extension period
4. Schedule of Condition: Current condition report of the property at time of extension
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