The Office Space Lease Agreement is a fundamental commercial contract used in Singapore's property market when a business seeks to lease office premises. This document is essential for establishing a clear legal framework between landlord and tenant, detailing their respective rights and obligations. It encompasses crucial elements such as rental payments, maintenance responsibilities, permitted use of premises, and compliance with local regulations. The agreement must align with Singapore's property laws, including the Conveyancing and Law of Property Act and URA guidelines, while addressing specific market practices such as security deposit requirements and reinstatement obligations.
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Key Requirements PROMPT example:
Office Space Lease Agreement
"I need an Office Space Lease Agreement for a 2,500 square foot office unit in a Grade A building in Singapore's CBD, starting from March 2025, with specific provisions for IT infrastructure requirements and 24/7 access for our tech company."
1. Parties: Identification of landlord and tenant, including registration numbers and registered addresses
2. Background: Brief context of the lease arrangement and property details
3. Definitions: Key terms used throughout the agreement including statutory references to Singapore law
4. Demise: Specific details of the premises being leased and rights granted
5. Term: Duration of lease and commencement date
6. Rent and Payment Terms: Rental amount, payment schedule, and method including GST provisions
7. Security Deposit: Amount, terms, and conditions for return of security deposit
8. Use of Premises: Permitted use and restrictions in accordance with Singapore zoning laws
9. Maintenance and Repairs: Responsibilities of both parties for upkeep and maintenance
10. Insurance: Required insurance coverage and obligations under Singapore law
11. Termination: Conditions and process for ending the lease including statutory requirements
1. Option to Renew: Terms for lease renewal and process for exercising option
2. Break Clause: Early termination provisions and notice requirements
3. Fit-out Works: Terms for tenant improvements and regulatory compliance requirements
4. Service Charge: Additional charges for building services and facilities
5. Green Lease Provisions: Environmental sustainability requirements and BCA Green Mark compliance
1. Floor Plan: Detailed plan showing the leased premises and common areas
2. Inventory: List of fixtures and fittings included in the lease
3. Building Rules and Regulations: Specific building policies and procedures including URA requirements
4. Fit-out Guidelines: Technical specifications for renovations and statutory requirements
5. Service Level Agreement: Details of building services provided and performance standards
6. Handover Condition Report: State of premises at commencement with photographic evidence
7. Rental Payment Schedule: Detailed breakdown of payment dates and amounts including review periods
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