The Commercial Lease Agreement is designed for situations in Singapore where commercial property owners wish to grant occupation rights without charging rent. This arrangement might be used during property development phases, for charitable purposes, or as part of larger commercial arrangements. The document complies with Singapore's property laws and commercial regulations, including the Civil Law Act and Land Titles Act. It covers all essential elements of a commercial lease while specifically excluding rental obligations. The agreement typically includes detailed provisions about property usage, maintenance, insurance, and compliance requirements, ensuring both parties understand their rights and obligations despite the absence of monetary consideration.
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Key Requirements PROMPT example:
Commercial Lease Agreement
"I need a Free Commercial Lease Agreement for my retail space in Singapore's Orchard Road district, which I'm providing rent-free to a startup incubator from January 2025 for 12 months, with strict requirements about maintaining the property's current condition."
1. Parties: Identification and details of the landlord and tenant
2. Background: Context of the lease arrangement and property details
3. Definitions: Key terms used throughout the agreement
4. Demise: Description of the property being leased and any included facilities
5. Term: Duration of the lease
6. Permitted Use: Allowed uses of the property
7. Maintenance and Repairs: Responsibilities for property maintenance
8. Insurance: Required insurance coverage
9. Termination: Conditions for ending the lease
1. Option to Renew: Terms for lease renewal - include when parties want to include possibility of renewal
2. Break Clause: Early termination provisions - include when early termination might be needed
3. Alterations: Terms for making changes to the property - include when tenant may need to modify the space
4. Assignment and Subletting: Rights to transfer the lease - include when transfer rights are relevant
1. Property Plan: Detailed floor plan and property boundaries
2. Inventory: List of included fixtures and fittings
3. Service Charges: Breakdown of additional charges and maintenance fees
4. Building Rules: Specific regulations for the building or complex
5. Condition Report: Initial state of the property
Authors
Relevant legal definitions
Agreement
Building
Business Day
Commencement Date
Common Areas
Conduits
Demised Premises
Emergency
Expiry Date
Force Majeure
Insurance Risks
Land
Landlord's Fixtures
License
Management Corporation
Permitted Use
Planning Act
Property
Service Charge
Services
Singapore
Structural Parts
Systems
Term
Utilities
Working Hours
Building
Business Day
Commencement Date
Common Areas
Conduits
Demised Premises
Emergency
Expiry Date
Force Majeure
Insurance Risks
Land
Landlord's Fixtures
License
Management Corporation
Permitted Use
Planning Act
Property
Service Charge
Services
Singapore
Structural Parts
Systems
Term
Utilities
Working Hours
Clauses
Grant of Lease
Term and Possession
Permitted Use
Utilities and Services
Maintenance and Repair
Alterations and Improvements
Insurance
Assignment and Subletting
Landlord's Covenants
Tenant's Covenants
Health and Safety
Environmental Compliance
Property Access
Signs and Advertising
Quiet Enjoyment
Force Majeure
Termination
Default and Remedies
Indemnification
Liability
Notices
Governing Law
Dispute Resolution
Compliance with Laws
Building Rules and Regulations
Common Areas
Service Charges
Emergency Access
Yielding Up
Registration
Term and Possession
Permitted Use
Utilities and Services
Maintenance and Repair
Alterations and Improvements
Insurance
Assignment and Subletting
Landlord's Covenants
Tenant's Covenants
Health and Safety
Environmental Compliance
Property Access
Signs and Advertising
Quiet Enjoyment
Force Majeure
Termination
Default and Remedies
Indemnification
Liability
Notices
Governing Law
Dispute Resolution
Compliance with Laws
Building Rules and Regulations
Common Areas
Service Charges
Emergency Access
Yielding Up
Registration
Relevant Industries
Relevant Teams
Relevant Roles
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