The 1 Year Lease Agreement is a standard residential tenancy contract used in Singapore for short-term property rentals. It serves as a comprehensive legal framework protecting both landlord and tenant interests, incorporating requirements under Singapore's property laws and regulations. The document typically covers essential elements such as rental terms, security deposits, maintenance obligations, and termination conditions. It's particularly suitable for private residential properties and must comply with specific requirements if used for HDB properties. The agreement should be properly stamped according to the Stamp Duties Act and registered where required by law.
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Key Requirements PROMPT example:
1 Year Lease Agreement
"Need a 1 Year Lease Agreement for my three-bedroom condo in Singapore's East Coast area, starting March 2025, with specific provisions for pet ownership and an option for a one-year extension at the same rental rate."
1. Parties: Details of landlord and tenant, including full legal names and addresses
2. Background: Context of the lease agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Property Details: Specific description of the leased premises
5. Term and Rent: Duration of lease and rental payment terms
6. Security Deposit: Amount and terms of security deposit
7. Tenant Obligations: Responsibilities and duties of the tenant
8. Landlord Obligations: Responsibilities and duties of the landlord
9. Termination: Conditions for ending the lease
1. Option to Renew: Terms for lease renewal when parties agree to potential extension
2. Subletting Provisions: Terms for subletting the property when permitted
3. Break Clause: Early termination provisions when early termination might be needed
4. Renovation Clause: Terms for property modifications when renovations are anticipated
1. Schedule 1 - Inventory List: Detailed list of furniture and fittings
2. Schedule 2 - Property Condition Report: Documentation of property condition at handover
3. Schedule 3 - House Rules: Building or development specific regulations
4. Appendix A - Floor Plan: Layout of the property
5. Appendix B - Utilities Documentation: Details of utility arrangements and accounts
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