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Real Estate Development Fee Agreement Template for Singapore

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Key Requirements PROMPT example:

Real Estate Development Fee Agreement

"I need a Real Estate Development Fee Agreement for a mixed-use commercial project in Singapore, where the development manager will be paid both fixed and performance-based fees, with project completion expected by December 2025."

Document background
The Real Estate Development Fee Agreement is essential for property development projects in Singapore where professional development management services are required. It provides a structured framework for engaging development managers or consultants, defining their roles, responsibilities, and compensation. This agreement type is particularly important in Singapore's highly regulated real estate market, where compliance with URA, BCA, and other regulatory requirements is crucial. The document typically includes detailed fee structures, service scope, project milestones, and compliance obligations specific to Singapore's property development landscape.
Suggested Sections

1. Parties: Identification of the Developer and Development Manager/Fee Recipient

2. Background: Context of the development project and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of development management services to be provided

5. Fee Structure: Development fees, payment schedule, and calculation methods

6. Term and Termination: Duration of agreement and termination provisions

7. Obligations and Responsibilities: Duties of both parties including regulatory compliance requirements

8. Representations and Warranties: Standard declarations regarding capacity and authority

9. Governing Law and Jurisdiction: Singapore law provisions and dispute resolution

Optional Sections

1. Performance Metrics: Specific KPIs and performance standards - recommended for larger developments or when performance-based fees apply

2. Insurance Requirements: Specific insurance obligations - recommended when additional risk management is required

3. Force Majeure: Provisions for unforeseen circumstances - recommended for longer-term developments or high-value projects

4. Step-in Rights: Rights to take over project management - recommended for complex developments or when required by financiers

Suggested Schedules

1. Schedule 1 - Property Details: Legal description and details of the development site

2. Schedule 2 - Services Scope: Detailed breakdown of development management services

3. Schedule 3 - Fee Schedule: Detailed fee calculations and payment milestones

4. Schedule 4 - Development Program: Project timeline and key milestones

5. Schedule 5 - Required Approvals: List of necessary regulatory approvals and permits

6. Appendix A - Professional Team: List of key consultants and their roles

7. Appendix B - Development Budget: Detailed project budget and cost estimates

Authors

Alex Denne

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

Relevant legal definitions






































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Industries

Planning Act (Chapter 232): Primary legislation governing land use planning, development control, and conservation in Singapore. Sets out requirements for planning permission and development control.

Building Control Act (Chapter 29): Regulates the construction, maintenance, and inspection of buildings. Establishes standards for building works, safety requirements, and accessibility.

Housing Developers (Control and Licensing) Act (Chapter 130): Regulates housing developers and provides protection for home buyers. Sets requirements for developer licensing and project completion.

Sale of Commercial Properties Act: Governs the sale and purchase of commercial properties, including regulations on transactions and developer obligations.

Residential Property Act: Controls the purchase and ownership of residential properties by foreign persons and entities in Singapore.

Building Maintenance and Strata Management Act: Provides framework for management and maintenance of strata developments, including common property management.

URA Guidelines: Urban Redevelopment Authority's specific guidelines for development projects, including land use zoning and plot ratio requirements.

BCA Regulations: Building and Construction Authority's technical requirements and standards for construction and development projects.

SLA Requirements: Singapore Land Authority's requirements regarding land ownership, boundaries, and title matters.

CEA Guidelines: Council for Estate Agencies' guidelines governing real estate agency work and transactions.

REDAS Guidelines: Real Estate Developers' Association of Singapore's industry standards and best practices for development projects.

SISV Standards: Singapore Institute of Surveyors and Valuers' professional standards for valuation and development assessment.

Contract Law: Common law principles governing contract formation, execution, and enforcement in Singapore.

Stamp Duties Act: Regulates stamp duties payable on property transactions and development agreements.

Goods and Services Tax Act: Governs GST obligations in real estate transactions and development services.

Companies Act: Regulates corporate entities involved in development projects, including their obligations and responsibilities.

Development Charge Regulations: Guidelines for development charges payable for enhancing land value through development works.

Environmental Regulations: Environmental protection requirements and impact assessment guidelines for development projects.

Workplace Safety and Health Act: Safety requirements and standards for construction and development activities.

Fire Safety Act: Fire safety requirements and standards for building development and construction.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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