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The Periodic Lease Agreement is essential for property arrangements in Singapore where flexibility in lease duration is desired. This document type is commonly used when parties prefer an open-ended arrangement rather than a fixed-term lease. It must comply with Singapore's property laws, including the Civil Law Act and relevant HDB regulations where applicable. The agreement covers critical aspects such as rent reviews, notice periods, and maintenance responsibilities, while accommodating Singapore's unique property market conditions. It's particularly useful for both private and public housing sectors, providing a balanced framework for ongoing landlord-tenant relationships.
