Document background
A Lease Modification Agreement is used when parties to an existing lease wish to alter specific terms without creating an entirely new lease agreement. This document is particularly relevant in Singapore's dynamic property market where changing business conditions may necessitate lease adjustments. The agreement typically addresses modifications to rent, tenure, space usage, or other specific terms while affirming that unmodified provisions of the original lease remain in force. It must comply with Singapore's property laws and may require registration with authorities such as the Singapore Land Authority, depending on the nature of modifications.
