The Commercial Lease Extension Letter is utilized when parties wish to extend an existing commercial lease in Singapore without creating an entirely new lease agreement. This document is particularly relevant when the original lease contains extension provisions or when parties mutually agree to continue their landlord-tenant relationship. It must comply with Singapore's property laws and typically includes details such as the extension period, rent revisions, and any modified terms. The letter serves as a cost-effective and efficient way to document the extension of commercial tenancies while maintaining the core terms of the original lease agreement.
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1. Current Lease Reference: Details of the existing lease agreement including date, parties, and reference numbers
2. Extension Request: Formal request to extend the lease with specific reference to relevant clause in original lease
3. Extension Period: Specific duration of the proposed extension and new end date
4. Rent Details: Confirmation of rent amount during extension period including any adjustments
5. Terms Continuation: Confirmation that other existing terms and conditions remain unchanged
1. Modified Terms: Section detailing any changes to existing terms that will apply during the extension period
2. Security Deposit Adjustment: Details of any changes to security deposit amount and payment terms
3. Building Improvements: Specifications of any agreed building works or improvements during extension period
4. GST Declaration: Statement regarding GST applicability and treatment
1. Original Lease Agreement: Copy of the existing lease agreement being extended
2. Property Plans: Updated floor plans or property boundaries if relevant to the extension
3. Certificate of Insurance: Updated insurance certificates covering the extension period
4. Schedule of Condition: Current condition report of the property at time of extension
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