Renew Tenancy Agreement

Renew Tenancy Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Renew Tenancy Agreement for my 3-bedroom private condominium in Singapore, extending the current lease for another two years from January 2025, with a 5% increase in monthly rent and updated maintenance terms."

Document background

The Renew Tenancy Agreement is utilized when both landlord and tenant wish to continue their existing tenancy relationship beyond the original term. It's particularly relevant in Singapore's dynamic property market where both parties often prefer to extend existing arrangements rather than enter entirely new agreements. The document typically includes updated rental terms, any revised conditions, and references the original agreement while ensuring compliance with Singapore's property laws and regulations. This renewal agreement streamlines the process of extending a tenancy while providing an opportunity to modify terms as needed.

Suggested Sections

1. Parties: Details of the landlord and tenant, including full names, identification numbers, and addresses

2. Background: Reference to original tenancy agreement, current expiry date, and parties' intention to renew

3. Definitions: Key terms used in the agreement including Property, Term, Rent, etc.

4. Renewal Term: Specific period of extension, including start and end dates

5. Rent and Payment Terms: Updated rental amount, payment schedule, and method of payment

6. Security Deposit: Confirmation of existing or new security deposit arrangements

7. Continuing Terms: Confirmation that other terms from original agreement remain in force

Optional Sections

1. Modified Terms: Any changes to original agreement terms - used when parties agree to modify any original terms

2. Break Clause: Conditions under which either party can terminate early - used when parties want flexibility to end agreement before term expires

3. Property Maintenance Updates: New maintenance terms or responsibilities - used when maintenance arrangements need modification

4. Option to Renew: Terms for further renewal at end of new term - used when parties want to include future renewal possibility

Suggested Schedules

1. Schedule 1 - Property Inventory: Updated list of furniture, fixtures, and fittings

2. Schedule 2 - Property Condition Report: Current condition of property at renewal

3. Schedule 3 - House Rules: Updated building or development rules if applicable

4. Appendix A - Original Tenancy Agreement: Copy of original agreement for reference

5. Appendix B - Modified Terms: Detailed list of any modifications to original terms

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

Residential Real Estate
Commercial Real Estate
Industrial Real Estate

Relevant Teams

Real Estate
Legal
Finance
Operations
Administration

Relevant Roles

Property Manager
Real Estate Agent
Leasing Manager
Facility Manager
Legal Counsel

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Authors

Alex Denne

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