The Long Term Lease Agreement is a crucial document used in Singapore for establishing extended tenancy arrangements, typically exceeding three years. It provides comprehensive protection for both landlords and tenants, incorporating specific requirements under Singapore's property laws. The agreement covers essential elements including rental terms, maintenance obligations, security deposits, and termination conditions. It's particularly important for commercial properties, industrial spaces, and long-term residential lets, ensuring compliance with local regulations while providing clarity on rights and responsibilities of all parties involved.
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Key Requirements PROMPT example:
Long Term Lease Agreement
"Need a Long Term Lease Agreement for a 5,000 sqft commercial office space in Singapore's CBD area, starting from March 2025, with an initial term of 6 years and an option to renew for another 3 years."
1. Parties: Details of landlord and tenant, including registration numbers/identification
2. Background: Context of the lease arrangement and property details
3. Definitions: Key terms used throughout the agreement
4. Demise: Specific details of what is being leased
5. Term and Renewal: Duration of lease and renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, and methods
7. Security Deposit: Amount and terms of security deposit
8. Maintenance and Repairs: Responsibilities for property maintenance
9. Insurance: Required insurance coverage
10. Termination: Conditions for early termination
1. Fit-out Works: Terms for tenant improvements for commercial properties requiring modifications
2. Break Clause: Early termination options for longer term leases
3. Service Charge: Additional charges for building services in commercial buildings with shared facilities
4. Assignment and Subletting: Rights to transfer or sublet, typically for commercial leases
1. Property Plan: Detailed floor plan and measurements
2. Inventory List: List of fixtures and fittings included
3. House Rules: Building regulations and guidelines
4. Fit-out Guidelines: Specifications for permitted modifications
5. Service Charge Schedule: Breakdown of additional charges
Authors
Relevant legal definitions
Agreement
Building
Commencement Date
Common Areas
Demised Premises
Expiry Date
Force Majeure
Insurance Rent
Landlord
Lease Term
Option to Renew
Permitted Use
Premises
Principal Rent
Property
Rent
Rent Commencement Date
Security Deposit
Service Charge
Services
Tenant
Term
Utilities
Working Day
Yield Up
Base Rent
Building Rules
Fit-out Works
Guarantor
Interest Rate
Lease Year
Operating Expenses
Property Manager
Renewal Term
Schedule of Condition
Structural Elements
Taxes
Termination Date
User Guide
Building
Commencement Date
Common Areas
Demised Premises
Expiry Date
Force Majeure
Insurance Rent
Landlord
Lease Term
Option to Renew
Permitted Use
Premises
Principal Rent
Property
Rent
Rent Commencement Date
Security Deposit
Service Charge
Services
Tenant
Term
Utilities
Working Day
Yield Up
Base Rent
Building Rules
Fit-out Works
Guarantor
Interest Rate
Lease Year
Operating Expenses
Property Manager
Renewal Term
Schedule of Condition
Structural Elements
Taxes
Termination Date
User Guide
Clauses
Grant of Lease
Term and Renewal
Rent and Payment
Security Deposit
Service Charge
Permitted Use
Insurance
Maintenance and Repairs
Alterations and Improvements
Assignment and Subletting
Landlord's Covenants
Tenant's Covenants
Quiet Enjoyment
Default and Remedies
Termination
Force Majeure
Indemnification
Access Rights
Utilities and Services
Building Rules
Signage and Advertising
Health and Safety
Environmental Compliance
Yielding Up
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Registration
Break Clause
Property Tax
GST
Fire Safety
Common Areas
Holding Over
Term and Renewal
Rent and Payment
Security Deposit
Service Charge
Permitted Use
Insurance
Maintenance and Repairs
Alterations and Improvements
Assignment and Subletting
Landlord's Covenants
Tenant's Covenants
Quiet Enjoyment
Default and Remedies
Termination
Force Majeure
Indemnification
Access Rights
Utilities and Services
Building Rules
Signage and Advertising
Health and Safety
Environmental Compliance
Yielding Up
Notices
Dispute Resolution
Governing Law
Severability
Entire Agreement
Registration
Break Clause
Property Tax
GST
Fire Safety
Common Areas
Holding Over
Relevant Industries
Relevant Teams
Relevant Roles
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