The Residential Lease Extension is a crucial document used in Singapore when parties wish to extend an existing residential tenancy agreement beyond its original term. It provides legal continuity while allowing for necessary updates to rental rates and terms. The document must comply with Singapore's property laws, including the Residential Property Act and, where applicable, HDB regulations. It's particularly relevant in situations where both landlord and tenant are satisfied with their arrangement and prefer to extend rather than create a new lease. The document typically includes the extension period, revised rental terms, and any modifications to the original agreement while maintaining all other existing terms and conditions.
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Key Requirements PROMPT example:
Residential Lease Extension
"I need a Residential Lease Extension for my Singapore HDB flat to extend the current tenancy for another 12 months from March 2025, with a 5% increase in monthly rent and all other terms remaining the same."
1. Parties: Identification of landlord and tenant with full details
2. Background: Reference to original lease and reason for extension
3. Definitions: Key terms used in the agreement
4. Extension Term: Duration of the extension period
5. Rent: Rental amount and payment terms for extension period
6. Continuation of Terms: Confirmation of original lease terms that remain in effect
7. Execution: Signing provisions and attestation
1. Modified Terms: Any changes to original lease terms, used when terms need updating
2. Break Clause: Early termination provisions, used when requested by either party
3. Renovation Provisions: Terms for property modifications, used when renovations are planned
4. HDB Compliance: Special provisions for HDB properties, used for public housing
1. Original Lease: Copy of the original lease agreement
2. Property Details: Description and floor plan of the property
3. Inventory: Updated list of fixtures and fittings
4. Condition Report: Current condition of the property
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