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Rent To Own Lease Agreement
"Need a Rent To Own Lease Agreement for a 3-bedroom condominium in Singapore, with a 24-month rental period starting March 2025 and purchase option exercisable after 18 months, including provisions for 50% of monthly rent to be credited towards the purchase price."
1. Parties: Identification and details of the landlord/seller and tenant/buyer
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including address and specifications
5. Lease Terms: Duration, rent amount, payment terms
6. Purchase Option Terms: Purchase price, option period, exercise conditions
7. Rent Credit Provisions: How rental payments apply to purchase price
8. Maintenance and Repairs: Responsibilities for property maintenance and repairs
9. Insurance Requirements: Required insurance coverage for both parties
10. Default and Remedies: Consequences of default and available remedies
11. Governing Law: Specification of Singapore law as governing law
1. HDB Compliance: Special provisions for HDB properties including ethnic quotas and eligibility requirements
2. Renovation Terms: Rules and conditions for property modifications and improvements
3. Property Management: Terms relating to managed developments including facilities and common areas
4. Subletting Provisions: Terms and conditions if subletting is permitted
5. Early Termination: Conditions and process for early termination of the agreement
1. Schedule 1 - Property Inventory: Detailed list of fixtures, fittings, and furnishings included in the property
2. Schedule 2 - Payment Schedule: Breakdown of rental payments, purchase price, and how rental credits apply
3. Schedule 3 - Property Condition Report: Detailed documentation of property condition at commencement of lease
4. Schedule 4 - Option to Purchase Form: Standard form and procedure for exercising the purchase option
5. Schedule 5 - Maintenance Schedule: Schedule of regular maintenance and inspections required
6. Appendix A - Required Certificates: Copies of necessary certificates including fire safety and renovation permits
Authors
Property
Commencement Date
Completion Date
Landlord/Seller
Tenant/Buyer
Rent
Purchase Price
Option Period
Option Fee
Option Exercise Date
Rent Credit
Security Deposit
Common Property
Fixtures and Fittings
Maintenance Charges
Property Tax
Permitted Use
Term
Renewal Term
Business Day
Force Majeure Event
Governing Law
Default Event
Notice
Guarantor
Option to Purchase
Stamp Duty
Utilities
Property Manager
Management Corporation
Building Rules
Rental Period
Payment Date
Bank Account
Interest Rate
Relevant Authorities
Applicable Laws
Property Description
Term and Commencement
Rent and Payment
Security Deposit
Purchase Option
Rent Credit
Utilities and Maintenance
Insurance
Property Use and Access
Alterations and Improvements
Assignment and Subletting
Default and Remedies
Termination
Force Majeure
Property Condition
Representations and Warranties
Compliance with Laws
Notices
Governing Law
Dispute Resolution
Indemnification
Property Management
Building Rules
Option Exercise
Completion of Sale
Transfer of Title
Stamp Duty
Property Tax
Inspection Rights
Maintenance Obligations
Registration
Severability
Entire Agreement
Amendment
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