Long Term Lease Agreement Template for Singapore

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Key Requirements PROMPT example:

Long Term Lease Agreement

"Need a Long Term Lease Agreement for a 5,000 sqft commercial office space in Singapore's CBD area, starting from March 2025, with an initial term of 6 years and an option to renew for another 3 years."

Document background
The Long Term Lease Agreement is a crucial document used in Singapore for establishing extended tenancy arrangements, typically exceeding three years. It provides comprehensive protection for both landlords and tenants, incorporating specific requirements under Singapore's property laws. The agreement covers essential elements including rental terms, maintenance obligations, security deposits, and termination conditions. It's particularly important for commercial properties, industrial spaces, and long-term residential lets, ensuring compliance with local regulations while providing clarity on rights and responsibilities of all parties involved.
Suggested Sections

1. Parties: Details of landlord and tenant, including registration numbers/identification

2. Background: Context of the lease arrangement and property details

3. Definitions: Key terms used throughout the agreement

4. Demise: Specific details of what is being leased

5. Term and Renewal: Duration of lease and renewal options

6. Rent and Payment Terms: Rental amount, payment schedule, and methods

7. Security Deposit: Amount and terms of security deposit

8. Maintenance and Repairs: Responsibilities for property maintenance

9. Insurance: Required insurance coverage

10. Termination: Conditions for early termination

Optional Sections

1. Fit-out Works: Terms for tenant improvements for commercial properties requiring modifications

2. Break Clause: Early termination options for longer term leases

3. Service Charge: Additional charges for building services in commercial buildings with shared facilities

4. Assignment and Subletting: Rights to transfer or sublet, typically for commercial leases

Suggested Schedules

1. Property Plan: Detailed floor plan and measurements

2. Inventory List: List of fixtures and fittings included

3. House Rules: Building regulations and guidelines

4. Fit-out Guidelines: Specifications for permitted modifications

5. Service Charge Schedule: Breakdown of additional charges

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

Relevant legal definitions
Clauses
Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations between parties in Singapore

Conveyancing and Law of Property Act (Cap. 61): Legislation that regulates property transactions and interests in land, essential for lease agreements

Land Titles Act (Cap. 157): Legislation dealing with registered land ownership and interests, crucial for verifying property titles

Planning Act (Cap. 232): Controls land use and development, ensuring property usage complies with zoning regulations

Building Control Act (Cap. 29): Regulates building works and safety standards that must be maintained during the lease period

Housing and Development Act: Special regulations governing public housing (HDB) properties and their lease arrangements

Control of Rent Act: Historical legislation affecting rental properties, though largely repealed but may have residual impact

Building Maintenance and Strata Management Act: Governs management of strata-titled properties and common property maintenance obligations

Fire Safety Act: Stipulates fire safety requirements and standards that must be maintained in leased properties

Environmental Public Health Act: Sets standards for maintenance and cleanliness of properties, affecting landlord and tenant obligations

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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