Space Rental Agreement Template for Singapore

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Key Requirements PROMPT example:

Space Rental Agreement

"Need a Space Rental Agreement for a 2,500 sq ft commercial office space in Singapore's CBD area, with a 3-year term starting March 2025 and option for subletting to be included."

Document background
The Space Rental Agreement is essential for formalizing commercial property arrangements in Singapore. It serves as a comprehensive document protecting both landlord and tenant interests while ensuring compliance with local regulations. This agreement is commonly used when businesses need to lease space for operations, requiring detailed terms about rental payments, maintenance, permitted modifications, and usage restrictions. The document must align with Singapore's strict property laws and often includes provisions for security deposits, insurance requirements, and dispute resolution mechanisms.
Suggested Sections

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

2. 2. Background: Context of the rental agreement and property details

3. 3. Definitions: Key terms used tHRoughout the agreement

4. 4. Premises: Detailed description of the rental space and included facilities

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

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

7. 7. Security Deposit: Deposit requirements and conditions for return

8. 8. Use of Premises: Permitted usage and restrictions

9. 9. Maintenance and Repairs: Responsibilities of both parties regarding upkeep

10. 10. Insurance: Required insurance coverage for both parties

11. 11. Utilities and Services: Responsibilities for utilities, services, and associated costs

12. 12. Compliance with Laws: Obligations to comply with relevant Singapore laws and regulations

13. 13. Default and Remedies: Consequences of breach and available remedies

14. 14. Termination: Conditions and procedures for ending the agreement

Optional Sections

1. Fit-out Works: Terms and conditions for renovation or modification of space - include when tenant plans to modify the space

2. Option to Purchase: Terms for potential purchase of property - include when landlord offers purchase possibility

3. Subletting Provisions: Terms and conditions for subletting the space - include when subletting might be permitted

4. Building Rules: Specific rules for shared buildings - include for premises in multi-tenant buildings

5. Force Majeure: Provisions for unforeseen circumstances affecting the lease - particularly relevant post-COVID

Suggested Schedules

1. Schedule 1: Property Floor Plan: Detailed layout and measurements of the rental space

2. Schedule 2: Inventory List: Comprehensive list of fixtures, fittings, and equipment included in the rental

3. Schedule 3: Service Charges: Breakdown of additional charges, utilities, and maintenance fees

4. Schedule 4: House Rules: Building regulations, guidelines, and operational hours

5. Schedule 5: Fit-out Guidelines: Technical specifications and requirements for any permitted modifications

6. Schedule 6: Handover Form: Condition report of premises at commencement of lease

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

Clauses
Industries

Conveyancing and Law of Property Act: Primary legislation governing property transactions and rights in Singapore (Cap. 61)

Civil Law Act: Fundamental legislation governing contractual relationships and civil matters in Singapore (Cap. 43)

Planning Act: Regulates the development and use of land and buildings in Singapore (Cap. 232)

Building Control Act: Governs building works and standards for construction and safety (Cap. 29)

Fire Safety Act: Establishes fire safety requirements and standards for buildings (Cap. 109A)

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

BCA Regulations: Building and Construction Authority guidelines for construction and building maintenance

URA Guidelines: Urban Redevelopment Authority requirements for property use and development

Property Tax Act: Legislation governing taxation of property in Singapore

Goods and Services Tax Act: Tax legislation that may apply to commercial rental arrangements

Control of Rent (Abolition) Act: Legislation that deregulated rent control in Singapore

Singapore Code of Practice for Fire Safety: Detailed requirements for fire safety measures in buildings

Building Code: Technical requirements and standards for building construction and safety

Workplace Safety and Health Act: Safety requirements for commercial spaces and workplaces

Personal Data Protection Act: Regulations governing the collection, use, and disclosure of personal data

COVID-19 (Temporary Measures) Act: Temporary legislation affecting property-related obligations during pandemic

Stamp Duties Act: Legislation governing stamp duties payable on property documents and transactions

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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