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The Partial Rent Payment Agreement is utilized when circumstances necessitate a temporary reduction in rent payments under an existing lease. This document is particularly relevant during periods of financial hardship, economic downturns, or exceptional circumstances affecting a tenant's ability to pay full rent. Under Singapore law, this agreement serves as a formal modification to the original lease, protecting both landlord and tenant interests while maintaining legal compliance. It specifies the reduced payment amount, duration, and terms while ensuring the original lease remains valid. The agreement is commonly used in both residential and commercial contexts, providing a structured approach to temporary rent reduction while maintaining legal protections for all parties.
