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Vacant Land Lease Agreement
"Need a Vacant Land Lease Agreement for a 2-hectare industrial plot in Singapore, leasing to a manufacturing company for 15 years starting March 2025, with development rights for warehouse construction in the first year."
1. Parties: Identification and details of lessor and lessee
2. Background: Context of the lease arrangement and property details
3. Definitions: Key terms used throughout the agreement
4. Lease Grant: Core terms of the lease including duration and purpose
5. Rent and Payment Terms: Rental amount, payment schedule, and method
6. Use of Land: Permitted uses and restrictions
7. Maintenance and Repairs: Responsibilities for land maintenance
8. Insurance: Required insurance coverage
9. Termination: Conditions for ending the lease
1. Development Rights: Additional terms when lessee has right to develop the land - typically included for long-term leases with development potential
2. Environmental Compliance: Environmental obligations and restrictions - included when land use involves environmental considerations
3. Security Deposit: Terms of security deposit - included when a security deposit is required
4. Option to Purchase: Terms for potential purchase of land - included when lessor offers future purchase rights
1. Land Description Schedule: Detailed property description, boundaries, and survey plans
2. Rent Schedule: Detailed breakdown of rent calculations and review mechanisms
3. Permitted Use Schedule: Specific details of allowed activities and developments
4. Insurance Requirements Schedule: Detailed insurance requirements and coverage levels
5. Site Plan: Visual representation of the land and boundaries
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