The Buy Tenancy Agreement is a crucial legal document used in Singapore's property market to formalize rental arrangements between property owners and tenants. This agreement type is essential for both residential and commercial properties, providing comprehensive coverage of rental terms, obligations, and rights of all parties involved. It ensures compliance with Singapore's property laws and regulations, including specific provisions for different property types (HDB, private residential, commercial). The document serves as the primary reference point for managing the landlord-tenant relationship and resolving any potential disputes throughout the tenancy period.
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1. Parties: Identification and details of the landlord and tenant
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Property Details: Specific description of the premises being rented
5. Term and Possession: Duration of tenancy and possession arrangements
6. Rent and Payment Terms: Rental amount, payment schedule, and method
7. Security Deposit: Amount, terms of holding and return
8. Utilities and Outgoings: Responsibility for utilities and other charges
9. Maintenance and Repairs: Obligations for property maintenance
10. Termination: Conditions and process for ending the tenancy
1. Option to Renew: Terms for extending the lease (include when parties want to include possibility of renewal)
2. Subletting Provisions: Rules regarding subletting the property (include when subletting might be permitted)
3. Pet Clauses: Rules regarding keeping pets (include when pets might be allowed)
4. Diplomatic Clause: Early termination rights for expatriates (include when tenant is an expatriate)
1. Inventory List: Detailed list of furnishings and their condition
2. Property Photos: Documentation of property condition at start of tenancy
3. House Rules: Rules and regulations if property is in managed building/complex
4. Maintenance Schedule: Schedule of regular maintenance responsibilities
5. Floor Plan: Layout of the property
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