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Commercial Lease Early Termination Letter Template for Singapore

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Key Requirements PROMPT example:

Commercial Lease Early Termination Letter

"I need a Commercial Lease Early Termination Letter for our Singapore retail space at Marina Bay, citing financial hardship as the reason, with a proposed termination date of March 31, 2025, and specific mention of our SGD 50,000 security deposit return."

Document background
A Commercial Lease Early Termination Letter is a crucial document used in Singapore's commercial property market when a tenant needs to end their lease prematurely. This document must be drafted in accordance with Singapore's legal framework and typically includes specific details about the property, reference to the original lease agreement, proposed termination date, and any relevant termination clauses. It serves as official documentation of the tenant's intention to vacate and helps protect both parties' interests during the early termination process.
Suggested Sections

1. Recipient Details: Full name and address of landlord/managing agent, including proper titles and references

2. Property Reference: Clear identification of leased premises including full address and any unit numbers

3. Lease Reference: Original lease agreement details including date of execution and any reference numbers

4. Termination Notice: Formal statement declaring intention to terminate the lease with clear reference to termination rights

5. Proposed Termination Date: Specific date when lease will end, ensuring compliance with notice periods

6. Legal Basis: Reference to specific clause in lease agreement or legislation allowing for early termination

Optional Sections

1. Reason for Termination: Optional explanation of circumstances leading to early termination, if required by lease or as professional courtesy

2. Handover Arrangements: Proposed process for property inspection, key return, and final utility readings

3. Security Deposit: Request for return of security deposit and proposed timeline

4. Force Majeure Reference: Reference to force majeure events or extraordinary circumstances if relevant to termination

Suggested Schedules

1. Original Lease Agreement: Copy of the existing lease contract attached for reference

2. Handover Checklist: Detailed list of items to be completed before vacation of premises

3. Property Condition Report: Documentation of current state of premises if already prepared

4. Supporting Documentation: Any relevant evidence or documentation supporting the grounds for termination

Authors

Alex Denne

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

Relevant legal definitions




















Clauses

















Industries

Conveyancing and Law of Property Act: Primary legislation governing real property transactions and leases in Singapore (Cap. 61)

Civil Law Act: Fundamental legislation governing contractual relationships and civil matters in Singapore (Cap. 43)

Building Maintenance and Strata Management Act: Legislation governing the maintenance and management of buildings in Singapore (Cap. 30C)

Planning Act: Legislation controlling the development and use of land and buildings in Singapore (Cap. 232)

Building Control Act: Legislation governing renovation and reinstatement obligations for buildings in Singapore

Stamp Duties Act: Legislation governing stamp duty implications for property transactions in Singapore

Property Tax Act: Legislation governing tax matters related to property in Singapore

Original Lease Agreement: The existing contractual framework containing terms, conditions, and early termination provisions

COVID-19 (Temporary Measures) Act 2020: Temporary legislation providing relief measures for businesses affected by COVID-19 in Singapore

COVID-19 (Temporary Measures for Business, Insolvency) Act: Specific legislation addressing business and insolvency issues during COVID-19 period

Common Law Doctrine of Frustration: Legal principle dealing with situations where contract performance becomes impossible or radically different

Contract Law Principles: General principles governing formation, interpretation, and enforcement of contracts in Singapore

Mitigation Rules: Legal principles requiring parties to take reasonable steps to minimize losses in contract breaches

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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