A Deed of Attornment is essential in Singapore property transactions where there is a change in property ownership while an existing lease remains in place. This document is particularly important as it creates a direct contractual relationship between the new landlord and existing tenant, ensuring the continuation of lease terms and protecting both parties' interests. The deed formally documents the tenant's acknowledgment of the new landlord and their agreement to pay rent and perform other lease obligations to the new owner. It should be used whenever there is an assignment or transfer of a landlord's interest in leased property, ensuring compliance with Singapore property law requirements.
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Key Requirements PROMPT example:
Deed Of Attornment
"Need a Deed of Attornment for our Singapore office property at 123 Orchard Road, as ownership is transferring from ABC Properties to XYZ Holdings on March 1, 2025, with our existing lease remaining in place until 2027."
1. Parties: Identifies all parties to the deed including the original landlord, new landlord, and tenant
2. Background: Sets out the context of the original lease and the change in landlord ownership
3. Definitions: Defines key terms used throughout the deed including 'Original Lease', 'Property', 'Transfer Date'
4. Attornment: The tenant's acknowledgment of the new landlord and agreement to be bound
5. Confirmation of Lease Terms: Confirmation that original lease terms remain unchanged
6. Execution: Formal execution blocks for all parties with witnessing requirements
1. Rent Payment Instructions: New payment details for rent - include when payment arrangements are changing
2. Variation of Lease Terms: Any agreed modifications to the original lease terms, if applicable
3. Guarantor Consent: Consent from any guarantors to the change in landlord, required when original lease includes guarantors
1. Schedule 1 - Original Lease Details: Copy or summary of the original lease agreement including date, parties, and key terms
2. Schedule 2 - Property Description: Detailed description of the leased property including address and any relevant plan references
3. Schedule 3 - Transfer Documentation: Evidence of the transfer of the landlord's interest including relevant transfer documents
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