Commercial Lease Extension Letter Template for Singapore

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Key Requirements PROMPT example:

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."

Document background
The Commercial Lease Extension Letter is utilized when parties wish to extend an existing commercial lease in Singapore without creating an entirely new lease agreement. This document is particularly relevant when the original lease contains extension provisions or when parties mutually agree to continue their landlord-tenant relationship. It must comply with Singapore's property laws and typically includes details such as the extension period, rent revisions, and any modified terms. The letter serves as a cost-effective and efficient way to document the extension of commercial tenancies while maintaining the core terms of the original lease agreement.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Conveyancing and Law of Property Act (Cap. 61): Primary legislation governing property transactions and leases in Singapore, including requirements for valid lease agreements and their extensions

Control of Rent Act (Cap. 58): Although primarily focused on residential properties, contains relevant provisions regarding rent control and tenant protection that may impact commercial lease extensions

Planning Act (Cap. 232): Regulates land use and zoning requirements to ensure property usage complies with designated purpose in Singapore

Stamp Duties Act (Cap. 312): Outlines requirements for stamp duty payments on lease extensions, including timing and payment obligations

Building Control Act: Ensures compliance with building safety and maintenance standards for commercial properties in Singapore

Fire Safety Act: Specifies fire safety requirements and standards that must be maintained for commercial premises

SLA Guidelines: Singapore Land Authority guidelines covering registration requirements for lease extensions and property boundary/tenure regulations

URA Guidelines: Urban Redevelopment Authority guidelines governing land use restrictions and commercial zoning requirements

Registration Requirements: Specific requirements for registration of lease extensions exceeding 7 years in duration

GST Implications: Goods and Services Tax considerations and requirements for commercial lease extensions in Singapore

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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