Property Licence Agreement

Property Licence Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Property Licence Agreement for a pop-up retail space in Singapore's Orchard Road area, where my company will operate a temporary fashion store from March to August 2025, with specific provisions for after-hours access and the installation of temporary fixtures."

Document background

A Property Licence Agreement is commonly used in Singapore when temporary or flexible property arrangements are needed without the formal commitments of a lease. This document is particularly relevant for short-term occupancy, pop-up venues, or shared spaces where exclusive possession isn't intended. The agreement defines permitted uses, duration, fees, and obligations while ensuring compliance with Singapore property laws and regulations. It offers greater flexibility in termination and variation compared to traditional leases, making it suitable for modern business needs while protecting both parties' interests.

Suggested Sections

1. Parties: Details of the licensor and licensee

2. Background: Context of the licence agreement and property details

3. Definitions: Key terms used tHRoughout the agreement

4. Grant of Licence: Specific terms of the licence being granted

5. Licence Period: Duration of the licence including start and end dates

6. Licence Fee: Payment terms and amounts

7. Permitted Use: Allowed uses of the property under the licence

8. Licensee's Obligations: Responsibilities and commitments of the licensee

9. Licensor's Obligations: Responsibilities and commitments of the licensor

10. Termination: Conditions and process for ending the agreement

Optional Sections

1. Security Deposit: Terms of security deposit when required from licensee

2. Insurance: Insurance requirements and obligations when specific coverage is required

3. Alterations: Rules regarding modifications to the property when alterations might be permitted

4. Assignment and Sublicensing: Rights to transfer or sublicense when transfer rights need to be addressed

Suggested Schedules

1. Property Details: Detailed description of the licensed property including floor plans

2. Inventory List: List of furniture, fixtures, and equipment included in the licence

3. House Rules: Building or property specific rules and regulations

4. Payment Schedule: Detailed breakdown of payment terms and dates

5. Condition Report: Initial condition of the property at commencement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Retail
Hospitality
Co-working
Education

Relevant Teams

Legal
Real Estate
Operations
Finance
Facilities Management

Relevant Roles

Property Manager
Facilities Manager
Real Estate Director
Operations Manager
Legal Counsel

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Let's create your Property Licence Agreement

Authors

Alex Denne

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