The Non-Exclusive Lease is commonly used in Singapore's property market when a landlord wishes to retain the right to lease different portions of a property to multiple tenants. This arrangement is particularly common in commercial buildings, shopping centers, and multi-unit properties. The document provides a comprehensive framework for the lease relationship, including specific provisions for shared spaces, utilities, and services. It complies with Singapore's property laws and includes essential elements such as rental terms, security deposits, maintenance obligations, and termination provisions. The non-exclusive nature of the lease distinguishes it from exclusive occupancy arrangements and requires careful consideration of common area management and tenant coordination.
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Key Requirements PROMPT example:
Non Exclusive Lease
"I need a Non Exclusive Lease agreement for a retail unit in a Singapore shopping mall, starting from March 2025, with specific provisions for shared facilities and maintenance of common areas, as we'll be one of multiple tenants on the same floor."
1. Parties: Identification and details of the landlord and tenant
2. Background: Context of the lease arrangement and property details
3. Definitions: Key terms used throughout the agreement
4. Demise: Description of the property being leased and rights granted
5. Term: Duration of the lease and any renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, and method
7. Security Deposit: Amount, terms, and conditions for return
8. Tenant Obligations: Primary responsibilities and duties of the tenant
9. Landlord Obligations: Primary responsibilities and duties of the landlord
10. Termination: Conditions and process for ending the lease
1. Break Clause: Early termination options - use when parties want flexibility to end lease early
2. Fit-out Works: Terms for tenant improvements - use when premises require modification
3. Service Charge: Additional charges for building services - use for properties in managed buildings
4. Subletting/Assignment: Rights to transfer lease to others - use when transfer rights are being granted
1. Schedule 1: Property Plan: Floor plan and property boundaries
2. Schedule 2: Inventory: List of fixtures and fittings included
3. Schedule 3: House Rules: Building regulations and conduct rules
4. Schedule 4: Permitted Use: Specific allowed uses of the property
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