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Long Term Lease Agreement
"Need a Long Term Lease Agreement for a 5,000 sqft commercial office space in Singapore's CBD area, starting from March 2025, with an initial term of 6 years and an option to renew for another 3 years."
1. Parties: Details of landlord and tenant, including registration numbers/identification
2. Background: Context of the lease arrangement and property details
3. Definitions: Key terms used throughout the agreement
4. Demise: Specific details of what is being leased
5. Term and Renewal: Duration of lease and renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, and methods
7. Security Deposit: Amount and terms of security deposit
8. Maintenance and Repairs: Responsibilities for property maintenance
9. Insurance: Required insurance coverage
10. Termination: Conditions for early termination
1. Fit-out Works: Terms for tenant improvements for commercial properties requiring modifications
2. Break Clause: Early termination options for longer term leases
3. Service Charge: Additional charges for building services in commercial buildings with shared facilities
4. Assignment and Subletting: Rights to transfer or sublet, typically for commercial leases
1. Property Plan: Detailed floor plan and measurements
2. Inventory List: List of fixtures and fittings included
3. House Rules: Building regulations and guidelines
4. Fit-out Guidelines: Specifications for permitted modifications
5. Service Charge Schedule: Breakdown of additional charges
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