A Letter Of Intent To Rent is commonly used in Singapore's real estate transactions as an initial step before entering into a formal lease agreement. It demonstrates the prospective tenant's serious intention to rent while allowing both parties to negotiate terms before committing to a binding lease. The document typically includes proposed rental terms, property details, timeline for formal agreement, and any specific conditions. While not fully binding, it often requires a good faith deposit and may contain certain enforceable provisions under Singapore law.
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1. Intent Declaration: Clear statement of intention to rent the specified property
2. Property Details: Complete address and description of the property including property type and specifications
3. Proposed Terms: Key rental terms including duration, monthly rent, and payment terms
4. Timeline: Expected dates for lease commencement and completion of formal agreement
5. Deposit Details: Amount and terms of security deposit, including payment schedule and refund conditions
1. Due Diligence Period: Timeline and conditions for property inspection and verification of documentation
2. Exclusivity Period: Period during which landlord agrees not to negotiate with other parties
3. Conditions Precedent: Specific conditions that must be met before proceeding with formal lease agreement
4. Regulatory Compliance: Specific mentions of compliance with HDB rules, URA guidelines, or other relevant regulations
1. Property Floor Plan: Detailed layout and dimensions of the property
2. Inventory List: Comprehensive list of furnishings and fixtures included in the rental
3. Property Photos: Documentation of current property condition with dated photographs
4. Proposed Timeline: Detailed schedule of key dates including inspection, deposit payment, and lease signing
Relevant legal definitions
Clauses
Property Details
Rental Terms
Deposit Terms
Timeline
Non-Binding Nature
Exclusivity
Confidentiality
Good Faith
Due Diligence
Conditions Precedent
Termination
Costs and Expenses
Property Access
Governing Law
Communication
Agency Representation
Stamp Duty
Utilities and Services
Property Use
Property Maintenance
Rental Terms
Deposit Terms
Timeline
Non-Binding Nature
Exclusivity
Confidentiality
Good Faith
Due Diligence
Conditions Precedent
Termination
Costs and Expenses
Property Access
Governing Law
Communication
Agency Representation
Stamp Duty
Utilities and Services
Property Use
Property Maintenance
Relevant Industries
Relevant Teams
Relevant Roles
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