The Release Of Liability Lease Agreement is designed for situations where property owners in Singapore seek additional protection against potential claims while leasing their property. This document has become increasingly important in the Singapore real estate market, particularly in situations involving properties with specific risks or where landlords wish to limit their exposure to liability claims. The agreement complies with Singapore's property laws, including the Residential Property Act and Unfair Contract Terms Act, while balancing the interests of both parties. It typically includes detailed property specifications, terms of use, maintenance responsibilities, and specific liability waiver provisions.
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Key Requirements PROMPT example:
Release Of Liability Lease Agreement
"I need a Release Of Liability Lease Agreement for a commercial warehouse property in Singapore's Jurong district, starting from March 2025, with specific clauses covering dangerous machinery and chemical storage on the premises."
1. Parties: Identification and details of the landlord and tenant
2. Background: Context of the lease and release agreement
3. Definitions: Key terms used throughout the agreement
4. Property Details: Specific description and address of the leased property
5. Lease Terms: Duration, rent, and basic conditions of the lease
6. Release of Liability: Specific terms of liability waiver and limitations
7. Execution: Signature blocks and witnessing requirements
1. Insurance Requirements: Details of required insurance coverage and when specific insurance requirements are needed
2. Specific Hazards: Acknowledgment of known risks when property has specific known risks or hazards
3. Indemnification: Additional indemnity provisions when additional protection is required beyond standard release
1. Schedule 1 - Property Description: Detailed description of property including fixtures and fittings
2. Schedule 2 - Inventory List: List of furniture and items included in the lease
3. Schedule 3 - Known Defects: Documentation of existing property conditions and defects
4. Appendix A - Safety Guidelines: Safety procedures and emergency protocols
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