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Rent Increase Agreement

Rent Increase Agreement Template for Singapore

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Key Requirements PROMPT example:

Rent Increase Agreement

"Need a Rent Increase Agreement for my commercial property in Singapore CBD, increasing monthly rent from $5,000 to $5,800 effective March 1, 2025, with existing tenant ABC Trading Pte Ltd maintaining all other lease terms."

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Document background
The Rent Increase Agreement is essential when landlords in Singapore wish to modify existing lease terms specifically regarding rental amounts. This document ensures compliance with local regulations while protecting both parties' interests. It typically includes the new rental amount, effective date, payment terms, and any adjustments to the security deposit. The agreement must adhere to Singapore's property laws, including notice periods and increase limitations. It's particularly important for both residential properties (including HDB) and commercial properties, where regular rent reviews and increases are common practice.
Suggested Sections

1. Parties: Identification of landlord and tenant with full legal names and addresses

2. Background: Reference to original lease agreement and context for rent increase

3. Definitions: Key terms used in the agreement

4. Rent Increase Details: Specific amount of increase, new total rent, and effective date

5. Confirmation of Other Terms: Statement that all other lease terms remain unchanged

6. Execution: Signing provisions and date

Optional Sections

1. Security Deposit Adjustment: Include when security deposit needs to be adjusted proportionally with rent increase

2. Payment Terms: Include if payment schedule or method changes with rent increase

3. Utilities and Services: Include if utility payment responsibilities change with the rent increase

Suggested Schedules

1. Schedule 1 - Rent Calculation: Detailed breakdown of new rent calculation

2. Schedule 2 - Payment Schedule: Updated payment dates and amounts

3. Appendix A - Original Lease: Copy of original lease agreement referenced

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

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alex.den.21@genieai.co
Industries

Control of Rent Act: Singapore legislation (Chapter 266) governing rental control and increases for residential properties

Housing and Development Act: Regulations specific to HDB properties, including rental restrictions and requirements

Planning Act: Legislation governing land use and property development that may affect rental properties

Building Maintenance and Strata Management Act: Regulations for maintenance and management of strata properties that may impact rental arrangements

Conveyancing and Law of Property Act: Key legislation governing property transactions and leases, particularly for commercial properties

Building Control Act: Regulations regarding building safety and standards that may affect rental properties

Notice Requirements: mandatory notice period of 1-2 months for rent increases, including specific format and delivery requirements

Increase Limitations: Legal restrictions on rental increases including market rate compliance and alignment with existing lease terms

Property Type Considerations: Different legal requirements for HDB vs private properties and commercial vs residential rentals

Contract Formalities: Legal requirements for valid contract modifications, proper execution, and registration where applicable

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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