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Lease Extension Agreement Template for Singapore

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Key Requirements PROMPT example:

Lease Extension Agreement

"I need a Lease Extension Agreement for my commercial office space in Singapore CBD, extending the current lease for 3 years from January 2025, with a 5% increase in rent and updated maintenance terms."

What is a Lease Extension Agreement?

A Lease Extension Agreement is used when both landlord and tenant wish to continue their lease relationship beyond the original term. This document is particularly relevant in Singapore's dynamic property market where both parties may prefer extending existing arrangements rather than negotiating entirely new leases. The agreement typically includes the extension period, any revised rental terms, and confirmations of which original lease conditions remain in force. It must comply with Singapore's property legislation and may require different provisions depending on whether the property is residential, commercial, or industrial. The document becomes especially important when dealing with HDB properties or when stamp duty considerations come into play.

What sections should be included in a Lease Extension Agreement?

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

2. Background: Details of original lease and context for extension

3. Definitions: Key terms used throughout the agreement

4. Extension Term: Specific details of the extension period

5. Rent and Payment Terms: Updated rental amounts and payment conditions

6. Existing Lease Terms: Confirmation of which original lease terms remain in effect

7. Execution: Signing provisions and attestation

What sections are optional to include in a Lease Extension Agreement?

1. Security Deposit Adjustment: Additional section for when security deposit terms are being modified

2. Additional Terms: New terms specific to the extension period, used when introducing new conditions for the extension

3. Break Clause: Early termination provisions, included when parties want flexibility to end the extension early

What schedules should be included in a Lease Extension Agreement?

1. Schedule 1 - Property Details: Detailed description of the leased property

2. Schedule 2 - Rent Review Provisions: Details of any rent review mechanisms during the extension

3. Appendix A - Original Lease: Copy of the original lease agreement

4. Appendix B - Property Plans: Updated floor plans or property drawings if applicable

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

Relevant legal definitions
































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Industries

Civil Law Act (Chapter 43): Primary legislation governing civil law matters in Singapore, including fundamental contract law principles applicable to lease agreements

Conveyancing and Law of Property Act (Chapter 61): Regulates property transactions and legal requirements for property conveyancing in Singapore, including lease-related matters

Land Titles Act (Chapter 157): Governs the registration and transfer of land titles in Singapore, crucial for lease extension documentation

Planning Act (Chapter 232): Controls land use and development in Singapore, ensuring lease extensions comply with zoning and planning regulations

Residential Property Act (Chapter 274): Regulates the ownership and transfer of residential properties in Singapore

Housing and Development Act (Chapter 129): Governs public housing (HDB) properties and related lease matters in Singapore

Executive Condominium Housing Scheme Act: Specific legislation for Executive Condominiums, including lease and ownership regulations

COVID-19 (Temporary Measures) Act 2020: Temporary legislation affecting property-related obligations and contracts during the pandemic period

Control of Rent Act (Chapter 58): Regulates rental control and tenant protection for commercial properties

Building Control Act (Chapter 29): Governs building works and maintenance standards that may affect lease extensions

Building Maintenance and Strata Management Act: Regulates the management of strata-titled properties and common property

Stamp Duties Act: Governs stamp duty payments applicable to lease extension agreements

State Lands Act: Regulates matters relating to State leases and State land

Singapore Contract Law: Common law principles governing formation and enforcement of contracts in Singapore

URA Guidelines: Regulatory guidelines from Urban Redevelopment Authority affecting property use and development

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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