The Rental Extension Agreement is utilized when both landlord and tenant wish to continue their existing lease arrangement beyond its original term. This document is particularly relevant in Singapore's dynamic property market, where lease extensions are common for both residential and commercial properties. The agreement must comply with Singapore's property laws, including HDB regulations for public housing and URA guidelines for commercial properties. A properly executed Rental Extension Agreement helps avoid disputes by clearly documenting the extended term, updated rental rates, and any modified conditions while maintaining the validity of the original lease terms not specifically amended.
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Key Requirements PROMPT example:
Rental Extension Agreement
"I need a Rental Extension Agreement for my 3-bedroom HDB flat in Tampines, extending the current tenant's lease for another 12 months from March 2025, with a 5% increase in monthly rent and updated utility payment terms."
1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Reference to original lease agreement and intention to extend
3. Definitions: Key terms used in the agreement
4. Extension Term: Specific period of extension and new end date
5. Rent and Payment Terms: Revised rental amount and payment schedule if applicable
6. Confirmation of Original Terms: Statement confirming all other original lease terms remain in effect
7. Execution: Signature blocks and date of agreement
1. Modified Terms: Additional section needed when original lease terms are being modified with new conditions
2. Security Deposit Adjustment: Section required when security deposit amount is being adjusted for the extension period
3. Option for Further Extension: Section to include when parties want to specify terms for additional future extensions
1. Schedule 1 - Original Lease: Copy or details of original lease agreement
2. Schedule 2 - Property Details: Description of the property including any modifications
3. Schedule 3 - Modified Terms: Detailed list of any modified terms from original lease
4. Appendix A - Condition Report: Updated condition report documenting current state of property
Authors
Relevant legal definitions
Agreement
Original Lease
Extension Period
Commencement Date
Expiry Date
Premises
Property
Rent
Security Deposit
Landlord
Tenant
Permitted Use
Business Day
Common Areas
Terms and Conditions
Monthly Rental
Extension Term
Original Term
Parties
Renewal Option
Lease Period
Payment Date
Service Charge
Working Day
Building
Utilities
Management Corporation
HDB
Minimum Occupation Period
Essential Occupier
Approved Occupancy
Gross Floor Area
Net Lettable Area
Trade Mix
Operating Hours
Floor Loading
Original Lease
Extension Period
Commencement Date
Expiry Date
Premises
Property
Rent
Security Deposit
Landlord
Tenant
Permitted Use
Business Day
Common Areas
Terms and Conditions
Monthly Rental
Extension Term
Original Term
Parties
Renewal Option
Lease Period
Payment Date
Service Charge
Working Day
Building
Utilities
Management Corporation
HDB
Minimum Occupation Period
Essential Occupier
Approved Occupancy
Gross Floor Area
Net Lettable Area
Trade Mix
Operating Hours
Floor Loading
Clauses
Extension Term
Rent and Payment
Security Deposit
Condition of Premises
Maintenance and Repairs
Insurance
Utilities
Assignment and Subletting
Access Rights
Quiet Enjoyment
Default and Remedies
Termination
Notices
Governing Law
Force Majeure
Entire Agreement
Severability
Amendments
Costs and Stamp Duty
Registration
Occupancy Restrictions
Rules and Regulations
Pets
Alterations and Improvements
Common Areas Usage
Operating Hours
Trade Mix
Advertising and Signage
Service Charge
Air-Conditioning
Building Management
Permitted Use
Rent and Payment
Security Deposit
Condition of Premises
Maintenance and Repairs
Insurance
Utilities
Assignment and Subletting
Access Rights
Quiet Enjoyment
Default and Remedies
Termination
Notices
Governing Law
Force Majeure
Entire Agreement
Severability
Amendments
Costs and Stamp Duty
Registration
Occupancy Restrictions
Rules and Regulations
Pets
Alterations and Improvements
Common Areas Usage
Operating Hours
Trade Mix
Advertising and Signage
Service Charge
Air-Conditioning
Building Management
Permitted Use
Relevant Industries
Relevant Teams
Relevant Roles
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