Download Rent Increase Agreement - Singapore

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Rent Increase Agreement for Singapore

Rent Increase Agreement Template for Singapore

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What is a Rent Increase Agreement?

The Rent Increase Agreement is essential when landlords in Singapore wish to modify existing lease terms specifically regarding rental amounts. This document ensures compliance with local regulations while protecting both parties' interests. It typically includes the new rental amount, effective date, payment terms, and any adjustments to the security deposit. The agreement must adhere to Singapore's property laws, including notice periods and increase limitations. It's particularly important for both residential properties (including HDB) and commercial properties, where regular rent reviews and increases are common practice.

What sections should be included in a Rent Increase Agreement?

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

2. Background: Reference to original lease agreement and context for rent increase

3. Definitions: Key terms used in the agreement

4. Rent Increase Details: Specific amount of increase, new total rent, and effective date

5. Confirmation of Other Terms: Statement that all other lease terms remain unchanged

6. Execution: Signing provisions and date

What sections are optional to include in a Rent Increase Agreement?

1. Security Deposit Adjustment: Include when security deposit needs to be adjusted proportionally with rent increase

2. Payment Terms: Include if payment schedule or method changes with rent increase

3. Utilities and Services: Include if utility payment responsibilities change with the rent increase

What schedules should be included in a Rent Increase Agreement?

1. Schedule 1 - Rent Calculation: Detailed breakdown of new rent calculation

2. Schedule 2 - Payment Schedule: Updated payment dates and amounts

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

Authors

Alex Denne

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

alex.den.21@genieai.co

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