The Simple Shop Rental Agreement is a fundamental commercial contract used in Singapore for leasing retail or service-oriented premises. This document is essential when a property owner wishes to rent out shop space to a business tenant, providing clear terms for both parties while ensuring compliance with Singapore's property laws and commercial regulations. It covers crucial aspects such as rental payments, security deposits, maintenance obligations, and permitted use of the premises, while remaining simpler and more straightforward than complex commercial leases used for larger properties.
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Key Requirements PROMPT example:
Simple Shop Rental Agreement
"Need a Simple Shop Rental Agreement for a small retail space in a Singapore shopping center, with a 2-year lease starting March 2025 and specific provisions for F&B operations including kitchen ventilation and grease trap maintenance."
1. Parties: Identification of landlord and tenant, including full legal names, registration numbers (if companies), and addresses
2. Background: Brief context of the rental arrangement and property details
3. Definitions: Key terms used tHRoughout the agreement
4. Demised Premises: Detailed description of the rented space and any included facilities
5. Term and Rent: Duration of lease and rental payment terms
6. Security Deposit: Amount, payment terms, and conditions for return
7. Permitted Use: Allowed business activities and restrictions
8. Maintenance and Repairs: Responsibilities of both parties regarding upkeep
9. Insurance: Required insurance coverage and obligations
10. Termination: Conditions and process for ending the agreement
1. Option to Renew: Terms and conditions for extending the lease beyond the initial term
2. Fitting Out Works: Terms and conditions for renovation and modification of the premises
3. Trading Hours: Specified operating hours and related obligations for shops in malls or regulated areas
4. Air-Conditioning: Terms for air-conditioning provision and associated charges when provided centrally
5. Advertising and Signage: Rules and restrictions for external displays and signage
1. Floor Plan: Detailed plan showing the layout and bouNDAries of the premises
2. Inventory List: Comprehensive list of fixtures and fittings provided with the premises
3. House Rules: Building or mall regulations governing the use of common areas and facilities
4. Fitting Out Guidelines: Technical specifications and requirements for renovation works
5. Service Charge Schedule: Detailed breakdown of additional charges and utilities
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