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Lease Early Termination Letter Template for Singapore

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Key Requirements PROMPT example:

Lease Early Termination Letter

"I need a Lease Early Termination Letter for my retail shop space in Singapore, as I'm closing my business and need to end my 3-year lease by March 2025, with provisions for the return of my $10,000 security deposit."

Document background
The Lease Early Termination Letter is a crucial document used when circumstances require a tenant to end their lease agreement prematurely in Singapore. This document is essential for both residential and commercial properties and must align with Singapore's legal requirements. It should clearly state the intention to terminate, proposed termination date, and reason for early termination. The letter typically addresses practical matters such as security deposit return, final utility payments, and property handover procedures. It serves as a formal record of the termination request and helps protect both parties' interests during the early termination process.
Suggested Sections

1. Letter Date and Address Details: Current date and full address details of both landlord and tenant

2. Lease Reference: Details of the original lease agreement including date and property address

3. Termination Notice: Clear statement of intention to terminate the lease early with reference to relevant clause in original lease

4. Proposed Termination Date: Specific date when the lease will end and keys will be returned

5. Reason for Termination: Brief explanation of the circumstances necessitating early termination

Optional Sections

1. Security Deposit Settlement: Details regarding the return of security deposit, deductions if any, and timeline for return

2. Property Inspection Arrangements: Proposed dates and process for final property inspection before handover

3. Outstanding Payments: Details of any remaining rent, utility payments or other charges to be settled

4. Handover Process: Specific arrangements for key return and property handover

Suggested Schedules

1. Schedule 1 - Original Lease Agreement: Copy of the original signed lease agreement referenced in the termination letter

2. Schedule 2 - Property Condition Report: Current condition assessment of the property and list of any damages or repairs needed

3. Schedule 3 - Utility Account Details: List of utility accounts to be closed and final meter readings

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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 property transactions and lease agreements in Singapore

Civil Law Act: Fundamental legislation governing contractual relationships and obligations in Singapore

Planning Act: Regulates the development and use of land and buildings in Singapore

Building Control Act: Governs the construction and maintenance of buildings in Singapore

Housing and Development Act: Specific legislation governing HDB properties and their lease arrangements

Building Maintenance and Strata Management Act: Regulates the management of strata-titled properties and common properties

COVID-19 (Temporary Measures) Act 2020: Temporary legislation providing relief for inability to perform contractual obligations due to COVID-19

Stamp Duties Act: Governs the documentation requirements and stamp duty obligations for property-related documents

Notice Period Requirements: Statutory and contractual requirements for providing advance notice of lease termination

Security Deposit Handling: Legal obligations regarding the return or forfeiture of security deposits

Property Reinstatement: Legal obligations for returning the property to its original condition

Utility Account Settlements: Requirements for settling all utility accounts before lease termination

Key Handover Procedures: Legal requirements for the proper handover of property keys and access devices

Outstanding Rental Payments: Legal obligations regarding settlement of any outstanding rent and fees

Permitted Termination Reasons: Legal and contractual grounds for early termination as specified in the original lease agreement

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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