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Late Rent Payment Agreement for Singapore

Late Rent Payment Agreement Template for Singapore

A legally binding document under Singapore law that establishes a formal arrangement between a landlord and tenant for the payment of overdue rent. The agreement outlines a structured payment plan, including specific amounts, payment dates, and consequences of default, while complying with Singapore's Landlord and Tenant Act and related legislation. It provides protection for both parties by clearly documenting the terms of the rent arrears settlement.

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Late Rent Payment Agreement

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What is a Late Rent Payment Agreement?

The Late Rent Payment Agreement is essential when tenants in Singapore face difficulties meeting their rental obligations. This document provides a structured solution that helps avoid legal proceedings while ensuring landlords can recover overdue rent. It must comply with Singapore's property laws, including the Landlord and Tenant Act and Civil Law Act. The agreement typically includes payment schedules, interest charges, and default provisions, offering clarity and legal protection for all parties involved. It's particularly relevant given Singapore's strict property regulations and can be used for both residential and commercial properties.

What sections should be included in a Late Rent Payment Agreement?

1. Parties: Identification of landlord and tenant with full legal names and addresses

2. Background: Reference to original lease agreement and circumstances leading to late payment

3. Definitions: Key terms used in the agreement

4. Payment Plan Details: Specific amounts, payment dates, and method of payment

5. Default Provisions: Consequences of failing to meet the payment plan

6. Execution: Signature blocks and witnessing requirements

What sections are optional to include in a Late Rent Payment Agreement?

1. Interest Charges: Terms for additional interest on late payments (used when parties agree to interest charges)

2. Security Provisions: Additional security or guarantees (used when additional security is required)

3. Mediation Clause: Process for dispute resolution (used for larger amounts or complex situations)

What schedules should be included in a Late Rent Payment Agreement?

1. Payment Schedule: Detailed breakdown of payment installments and dates

2. Original Lease Agreement: Copy of the referenced lease agreement

3. Statement of Arrears: Detailed calculation of outstanding rent and charges

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Document Type

Fee Agreement

Cost

Free to use
Relevant legal definitions




















Clauses




















Industries

Landlord and Tenant Act: Primary legislation governing landlord-tenant relationships in Singapore (Chapter 160). Sets out fundamental rights and obligations of both parties.

Civil Law Act: Chapter 43 of Singapore laws that provides the basic framework for contract law, including rental agreements and payment terms.

Recovery of Rent Act: Legislation governing the process of rent recovery and distress actions available to landlords for unpaid rent.

COVID-19 Temporary Measures Act: Temporary legislation providing relief measures for tenants affected by COVID-19, including provisions for rental payment deferrals.

Conveyancing and Law of Property Act S18A: Section specifically dealing with landlord's right to forfeiture in cases of rent default.

Security Deposit Regulations: Legal guidelines governing the handling and application of security deposits in rental agreements.

HDB Regulations: Specific rules and guidelines set by Housing & Development Board for HDB property rentals.

URA Guidelines: Urban Redevelopment Authority guidelines applicable to private property rentals.

Stamp Duties Act: Legislation governing the proper stamping and documentation requirements for rental agreements.

Interest Rate Regulations: Legal limitations and guidelines on interest rates that can be charged for late rental payments.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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