The Commercial Sublease Contract is essential for businesses in Singapore seeking to transfer their leasehold interests to another party while maintaining their primary lease obligations. This document is particularly relevant when a tenant needs to reduce space costs, adapt to changing business needs, or generate additional income from excess space. The contract must comply with Singapore's commercial property laws and typically requires the landlord's consent. It details crucial elements including rental terms, permitted use, maintenance responsibilities, and insurance requirements, while ensuring alignment with the head lease conditions.
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1. Parties: Details of the head tenant (sublessor) and subtenant (sublessee)
2. Background: Context of the sublease, including details of the head lease
3. Definitions: Key terms used tHRoughout the agreement
4. Premises Description: Detailed description of the subleased property
5. Term and Renewal: Duration of sublease and renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, and method
7. Use of Premises: Permitted use and restrictions
8. Maintenance and Repairs: Responsibilities for property maintenance
9. Insurance Requirements: Required insurance coverage
10. Termination Provisions: Conditions for early termination
1. Fit-out Works: Terms for premises modifications and renovation requirements. Include when tenant will perform renovations or modifications to the premises
2. Option to Purchase: Terms for potential property purchase. Include when purchase option is being offered to the subtenant
3. Environmental Compliance: Environmental obligations and compliance requirements. Include for industrial or specialized commercial use
4. Subletting and Assignment: Rights to further sublet or assign the premises. Include if further subletting is permitted
1. Floor Plan: Detailed plan of subleased premises
2. Head Lease Details: Key terms from original lease
3. Inventory List: List of included fixtures and fittings
4. Service Charge Schedule: Breakdown of additional charges
5. Fit-out Guidelines: Specifications for permitted modifications
6. Building Rules: Property management rules and regulations
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