The Property License Agreement is essential for situations where temporary or limited property use rights are needed without establishing a formal lease arrangement. Under Singapore law, this document provides a flexible framework for managing property access and usage while maintaining the licensor's control. It typically includes terms for permitted use, duration, fees, maintenance responsibilities, and termination conditions, all while ensuring compliance with Singapore's property and building regulations. This agreement is particularly useful for short-term arrangements, shared spaces, or when specific usage restrictions are required.
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context and purpose of the license agreement
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and terms of the license being granted
5. License Period: Duration and term of the license
6. License Fee: Payment terms and schedule
7. Permitted Use: Allowed uses of the property
8. Maintenance and Repairs: Responsibilities for property upkeep
9. Termination: Conditions and process for ending the agreement
1. Security Deposit: Terms of security deposit, including amount, payment timing, and conditions for return
2. Alterations and Improvements: Rules and restrictions regarding property modifications and improvements
3. Utilities and Services: Responsibility for utility payments and services maintenance
4. Insurance: Insurance requirements, coverage types, and obligations of each party
1. Schedule 1 - Property Details: Detailed description of the licensed property including address and specifications
2. Schedule 2 - Floor Plan: Layout and measurements of the property
3. Schedule 3 - Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the license
4. Schedule 4 - House Rules: Specific rules and regulations governing the use of the property
5. Schedule 5 - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates
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