Release Of Liability Lease Agreement Template for Singapore

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Key Requirements PROMPT example:

Release Of Liability Lease Agreement

"I need a Release Of Liability Lease Agreement for a commercial warehouse property in Singapore's Jurong district, starting from March 2025, with specific clauses covering dangerous machinery and chemical storage on the premises."

Document background

The Release Of Liability Lease Agreement is designed for situations where property owners in Singapore seek additional protection against potential claims while leasing their property. This document has become increasingly important in the Singapore real estate market, particularly in situations involving properties with specific risks or where landlords wish to limit their exposure to liability claims. The agreement complies with Singapore's property laws, including the Residential Property Act and Unfair Contract Terms Act, while balancing the interests of both parties. It typically includes detailed property specifications, terms of use, maintenance responsibilities, and specific liability waiver provisions.

Suggested Sections

1. Parties: Identification and details of the landlord and tenant

2. Background: Context of the lease and release agreement

3. Definitions: Key terms used throughout the agreement

4. Property Details: Specific description and address of the leased property

5. Lease Terms: Duration, rent, and basic conditions of the lease

6. Release of Liability: Specific terms of liability waiver and limitations

7. Execution: Signature blocks and witnessing requirements

Optional Sections

1. Insurance Requirements: Details of required insurance coverage and when specific insurance requirements are needed

2. Specific Hazards: Acknowledgment of known risks when property has specific known risks or hazards

3. Indemnification: Additional indemnity provisions when additional protection is required beyond standard release

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of property including fixtures and fittings

2. Schedule 2 - Inventory List: List of furniture and items included in the lease

3. Schedule 3 - Known Defects: Documentation of existing property conditions and defects

4. Appendix A - Safety Guidelines: Safety procedures and emergency protocols

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Residential Housing
Commercial Property
Industrial

Relevant Teams

Legal
Real Estate
Risk Management
Operations
Finance

Relevant Roles

Property Manager
Real Estate Agent
Legal Counsel
Risk Manager
Facilities Manager

Industries

Residential Property Act: Chapter 274 of Singapore laws - Governs residential property ownership and transactions, particularly regarding foreign ownership restrictions and residential property transactions

Conveyancing and Law of Property Act: Chapter 61 of Singapore laws - Regulates property transactions and legal requirements for property conveyancing, including lease agreements

Land Titles Act: Chapter 157 of Singapore laws - Establishes the land titles system and regulates the registration of property interests

Civil Law Act: Chapter 43 of Singapore laws - Provides fundamental principles of civil law including contract formation and enforcement

Unfair Contract Terms Act: Chapter 396 of Singapore laws - Regulates unfair terms in contracts and limits the extent to which liability can be excluded in contracts

Misrepresentation Act: Chapter 390 of Singapore laws - Governs remedies for misrepresentation in contracts, including lease agreements

Housing and Development Act: Regulates public housing (HDB) properties and related transactions in Singapore

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

COVID-19 (Temporary Measures) Act 2020: Provides temporary relief measures for inability to perform contracts due to COVID-19, including lease agreements

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and provides additional rights in consumer transactions

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data, relevant for handling tenant information

CEA Guidelines: Council for Estate Agencies guidelines governing real estate transactions and professional conduct

MAS Regulations: Monetary Authority of Singapore regulations affecting property transactions and financial aspects of leasing

Common Law Principles on Liability Waivers: Established case law principles regarding the validity and enforcement of liability waivers in contracts

Unconscionable Contracts Doctrine: Legal principle protecting against extremely unfair or oppressive contract terms, particularly relevant for liability releases

How Genie AI reduced drafting time by 75% for a legal firm

Let's create your Release Of Liability Lease Agreement

Authors

Alex Denne

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