Loan Lease Agreement Template for Singapore

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Key Requirements PROMPT example:

Loan Lease Agreement

"I need a Loan Lease Agreement for a commercial property in Singapore where we're providing a S$2.5M loan facility to the tenant, who will lease our industrial warehouse for 5 years starting March 2025, with an interest rate of 4.5% per annum."

Document background
The Loan Lease Agreement is utilized when parties seek to combine property leasing with financing arrangements in Singapore. This document is particularly relevant when a lender provides financing for property use while simultaneously establishing lease terms. The agreement must comply with Singapore's strict financial and property regulations, including the Civil Law Act and Moneylenders Act. It typically includes detailed provisions for loan repayment, interest calculations, lease terms, property maintenance obligations, and default remedies.
Suggested Sections

1. Parties: Identification and details of the lender and borrower

2. Background: Context of the loan and lease arrangement

3. Definitions: Key terms used throughout the agreement

4. Loan Terms: Principal amount, interest rate, repayment schedule

5. Lease Terms: Property description, lease duration, rental payments

6. Security Provisions: Collateral and security arrangements

7. Events of Default: Circumstances constituting default and consequences

Optional Sections

1. Insurance Requirements: Property insurance obligations, applicable when insurance is required for the leased property

2. Guarantor Provisions: Terms relating to guarantors, applicable when a guarantor is involved in the transaction

3. Assignment Rights: Rights to assign the agreement, applicable when assignment rights need to be specifically addressed

Suggested Schedules

1. Property Schedule: Detailed description of the leased property

2. Payment Schedule: Detailed repayment and rental payment schedule

3. Condition Report: Initial condition of the leased property

4. Security Documents: Forms and documents related to security arrangements

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

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and regulating interest rates and money lending in Singapore

Moneylenders Act (Cap. 188): Regulates money lending activities and applies specifically when the lender is in the business of money lending

Conveyancing and Law of Property Act (Cap. 61): Governs property law matters including rights, interests, and transactions related to real property

Land Titles Act (Cap. 157): Regulates the registration and transfer of titles to land and dealings in registered land in Singapore

Consumer Protection (Fair Trading) Act: Protects consumer interests and applies when the agreement involves consumer transactions

MAS Guidelines: Monetary Authority of Singapore guidelines that must be followed if the transaction involves financial institutions

Personal Data Protection Act 2012: Governs the collection, use, disclosure, and care of personal data in the agreement

Contract Formation Requirements: Legal requirements including offer, acceptance, consideration, capacity to contract, and legal intent

Interest Rate Regulations: Rules governing maximum interest rates and late payment charges in loan agreements

Security Requirements: Provisions relating to collateral and registration requirements for securing the loan

Termination Clauses: Legal requirements for default provisions, remedies, and notice requirements for terminating the agreement

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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