The Company Let Tenancy Agreement is essential for businesses seeking to establish or expand their physical presence in Singapore. This document serves as the primary contract governing the relationship between corporate landlords and tenants, setting out detailed terms for commercial property occupation. It must comply with Singapore's robust regulatory framework, including URA guidelines and building control regulations. The agreement typically includes comprehensive provisions for rent, security deposits, maintenance obligations, permitted use, and termination conditions, while incorporating necessary protections for both parties under Singapore law.
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Key Requirements PROMPT example:
Company Let Tenancy Agreement
"Need a Company Let Tenancy Agreement for our tech startup leasing a 5,000 sq ft office space in Singapore's Central Business District, with specific provisions for 24/7 access and data center installation, starting March 2025."
1. Parties: Details of the landlord (company) and tenant (company), including registration numbers and registered addresses
2. Background: Context of the agreement and brief description of the property
3. Definitions: Key terms used throughout the agreement including interpretation clauses
4. Demise: Formal grant of the lease and term duration
5. Rent and Payment Terms: Rental amount, payment schedule, and method of payment
6. Security Deposit: Amount, terms of holding and return conditions
7. Tenant's Covenants: Primary obligations of the tenant including maintenance, permitted use, etc.
8. Landlord's Covenants: Primary obligations of the landlord
9. Insurance: Required insurance coverage and obligations
10. Termination: Conditions for early termination and process
1. Option to Renew: Terms for lease renewal - include when parties agree to potential extension of lease
2. Break Clause: Conditions for early termination - include when either party wants flexibility to end lease early
3. Fit-out Works: Terms regarding renovation and modification - include when premises require modification for tenant's use
4. Service Charge: Additional charges for building services - include for multi-tenant buildings with shared services
1. Schedule 1 - Property Description: Detailed description of premises including floor plans
2. Schedule 2 - Inventory: List of fixtures, fittings, and equipment included
3. Schedule 3 - Building Rules and Regulations: Specific rules governing use of premises and common areas
4. Schedule 4 - Permitted Use: Detailed description of authorized business activities
5. Schedule 5 - Condition Report: Documentation of property condition at lease start
6. Appendix A - Floor Plans: Detailed technical drawings of the premises
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