Document background
The Lease and License Agreement is a crucial document in Singapore's property market, used when parties wish to establish both possessory rights and usage permissions for real estate. This hybrid agreement is particularly valuable when the arrangement requires elements of both exclusive possession and controlled usage rights. The document typically incorporates Singapore's stringent property regulations, including requirements from the Planning Act and Building Control Act, making it suitable for various commercial and residential arrangements. It provides comprehensive coverage of rent/fees, maintenance obligations, permitted uses, and termination conditions while ensuring compliance with local property laws.
