Document background
The Lifetime Lease Agreement is utilized in Singapore when a property owner wishes to grant lifetime occupancy rights to another party while retaining ownership of the property. This arrangement is particularly common in family situations, retirement planning, or as part of estate planning strategies. The document must comply with Singapore's strict property laws and regulations, including registration requirements with the Singapore Land Authority. As a Lifetime Lease Agreement, it differs from traditional leases by extending for the duration of the lessee's life rather than a fixed term, requiring careful consideration of succession rights and termination conditions.
