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Master Lease Agreement
"Need a Master Lease Agreement for a multi-tenant commercial building in Singapore's CBD area, with specific provisions for green building requirements and flexible workspace arrangements, to be effective from March 2025."
1. Parties: Identification and details of the landlord and tenant
2. Background: Context and purpose of the lease agreement
3. Definitions: Key terms used throughout the agreement including references to relevant Singapore legislation
4. Demised Premises: Detailed description of the leased property including compliance with Planning Act requirements
5. Term and Renewal: Duration of lease and renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, and methods including stamp duty requirements
7. Security Deposit: Amount, terms, and conditions for return
8. Use of Premises: Permitted uses and restrictions in accordance with Singapore zoning laws
9. Maintenance and Repairs: Responsibilities of each party under Building Control Act requirements
10. Insurance: Required insurance coverage including public liability and property insurance
11. Termination: Grounds and process for termination
1. Fitting Out Works: Terms for tenant improvements and compliance with Building Control Act requirements
2. Option to Purchase: Terms for tenant to purchase property including compliance with property ownership restrictions
3. Break Clause: Early termination provisions and associated conditions
4. Green Lease Provisions: Environmental sustainability requirements and compliance with Singapore Green Mark standards
1. Floor Plan: Detailed plan of the premises approved by relevant authorities
2. Inventory List: List of fixtures and fittings provided with the premises
3. Service Charge Schedule: Breakdown of additional charges and maintenance fees
4. House Rules: Building regulations and guidelines including COVID-19 safety measures if applicable
5. Yield Up Conditions: Required condition of premises upon lease termination
6. Permitted Alterations: Pre-approved modifications allowed under building regulations
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