Licence Agreement Property Template for Singapore

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Key Requirements PROMPT example:

Licence Agreement Property

"I need a Property License Agreement for a retail space in Singapore, granting a 12-month license starting March 1, 2025, with specific provisions for operating a pop-up fashion store and the option to terminate with 30 days' notice."

Document background
The Property License Agreement is a crucial document in Singapore's property sector, used when temporary property rights need to be granted without a full lease or ownership transfer. This type of agreement is particularly relevant when flexibility is required in property arrangements. The Licence Agreement Property document includes specific terms about property usage, duration, fees, and obligations, all compliant with Singapore's property laws and regulations. It's commonly used for temporary space sharing, pop-up venues, or short-term property usage arrangements.
Suggested Sections

1. Parties: Identification and details of the licensor and licensee

2. Background: Context of the agreement and brief description of the property

3. Definitions: Key terms used throughout the agreement

4. Grant of License: Scope and terms of the license being granted

5. License Period: Duration of the license and renewal terms

6. License Fee: Payment terms, amounts, and schedule

7. Use of Property: Permitted uses and restrictions

8. Maintenance and Repairs: Responsibilities for property upkeep

9. Termination: Conditions for ending the agreement

Optional Sections

1. Alterations and Improvements: Terms for property modifications when licensee may need to make changes to the property

2. Assignment and Sublicensing: Rights to transfer or share the license when transfer rights need to be addressed

3. Utilities and Services: Responsibility for utilities and service charges when property includes utility services

4. Insurance: Insurance requirements and obligations when specific insurance coverage is required

Suggested Schedules

1. Property Description: Detailed description of licensed property including plans and measurements

2. License Fee Schedule: Detailed breakdown of fees and payment schedule

3. Property Rules and Regulations: Specific rules governing property use

4. Condition Report: Initial condition of property at commencement of license

5. Maintenance Schedule: Detailed maintenance responsibilities and schedules

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

Clauses
Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations in Singapore. Forms the basis for contract formation, enforcement, and remedies.

Conveyancing and Law of Property Act (Cap. 61): Regulates property transactions and interests in land, including the rights and obligations of parties in property dealings.

Planning Act (Cap. 232): Controls land use and development, ensuring compliance with zoning regulations and land use restrictions.

Land Titles Act (Cap. 157): Governs registered land ownership and interests, providing the framework for property rights and registration.

Building Control Act (Cap. 29): Regulates building works and safety requirements, ensuring compliance with building standards and safety regulations.

Stamp Duties Act (Cap. 312): Addresses tax implications on property transactions, including stamp duty obligations for property-related documents.

Environmental Protection and Management Act: Ensures environmental compliance requirements are met in property usage and development.

Fire Safety Act: Establishes fire safety compliance requirements for properties and buildings.

Property Rights Considerations: Key aspects including clear definition of licensed areas, scope of use, and duration of license.

Contractual Obligations: Covers maintenance responsibilities, regulatory compliance requirements, and insurance obligations.

Commercial Terms Framework: Encompasses license fees, payment terms, and security deposit requirements.

Termination Rights Framework: Includes notice periods, breach conditions, and force majeure provisions.

Liability and Indemnity Provisions: Covers risk allocation, insurance requirements, and limitation of liability clauses.

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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