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Lease & License Agreement
"Need a Lease & License Agreement for a commercial office space in Singapore CBD, starting from March 2025, with an initial term of 3 years and an option to renew for 2 additional years, including provisions for shared facilities and service charges."
1. Parties: Identification and details of the lessor and lessee
2. Background: Context and purpose of the lease agreement
3. Definitions: Key terms used throughout the agreement
4. Demise: Details of the property being leased
5. Term and Rent: Duration of lease and payment terms
6. Tenant's Covenants: Obligations of the tenant
7. Landlord's Covenants: Obligations of the landlord
8. Insurance: Insurance requirements and obligations
9. Termination: Conditions for ending the lease
1. Option to Renew: Terms for lease renewal - include when parties want the possibility of lease extension
2. Break Clause: Early termination provisions - include when early termination flexibility is desired
3. Service Charge: Additional charges for building services - include for commercial properties with shared facilities
4. Alterations and Improvements: Rights to modify the property - include when tenant may need to make changes to the property
1. Schedule 1: Property Description: Detailed description of the leased premises
2. Schedule 2: Inventory: List of fixtures, fittings, and furniture included
3. Schedule 3: Building Rules: Specific rules and regulations for the property
4. Schedule 4: Service Charges: Breakdown of service charges and calculations
5. Schedule 5: Plans: Floor plans and location maps
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