The Fixed Term Lease agreement is essential for property rentals in Singapore, providing certainty of tenure for both landlord and tenant. It's commonly used for residential, commercial, and industrial properties, ensuring compliance with Singapore's strict property laws and regulations. The document specifies key terms including rental period, payment terms, security deposit requirements, and maintenance obligations. It's particularly important in Singapore's dynamic property market where clear documentation of rental terms is crucial for legal protection and dispute prevention.
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1. Parties: Details of landlord and tenant
2. Background: Context of the lease arrangement
3. Definitions: Key terms used in the agreement
4. Property Details: Description and address of the leased property
5. Term and Possession: Duration of lease and possession details
6. Rent and Payment Terms: Rental amount, payment schedule, and method
7. Security Deposit: Amount and terms of security deposit
8. Maintenance and Repairs: Responsibilities for property maintenance
9. Termination: Conditions for ending the lease
1. Option to Renew: Terms for lease renewal when parties agree to potential extension
2. Subletting: Terms regarding subletting rights when subletting is to be permitted
3. Fit-out Works: Terms for property modifications, applicable for commercial properties or when modifications are allowed
4. Break Clause: Early termination provisions when early termination option is agreed
1. Schedule 1 - Property Inventory: List of furniture and fittings included in lease
2. Schedule 2 - Property Condition Report: Detailed condition of property at commencement
3. Schedule 3 - House Rules: Building or property specific rules and regulations
4. Appendix A - Floor Plan: Property layout and dimensions
5. Appendix B - Utilities Reading: Initial meter readings at handover
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