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5 Year Lease Agreement
"I need a 5 Year Lease Agreement for a commercial office space in Singapore's CBD area, starting from March 2025, with an option to renew for an additional three years and specific provisions for tenant improvements up to SGD 50,000."
1. Parties: Identifies and defines the landlord and tenant with full legal names and addresses
2. Background: Provides context about the property and the intention to create a lease
3. Definitions: Defines key terms used throughout the agreement
4. Demise: Specifies the property being leased and the term of the lease
5. Rent and Payment Terms: Details the rent amount, payment schedule, and method of payment
6. Security Deposit: Specifies deposit amount, terms of holding and return
7. Tenant's Covenants: Lists tenant's obligations and responsibilities
8. Landlord's Covenants: Lists landlord's obligations and responsibilities
9. Termination Provisions: Specifies circumstances and procedures for ending the lease
1. Break Clause: Optional provision allowing early termination under specific conditions
2. Option to Renew: Optional clause giving tenant the right to extend lease under specified terms
3. Subletting Provisions: Optional section detailing rules and conditions for subletting the property
4. Green Lease Provisions: Optional environmental and sustainability requirements for environmentally conscious arrangements
1. Property Description Schedule: Detailed description of the property including floor plans and specifications
2. Inventory Schedule: Comprehensive list of fixtures, fittings, and furnishings included in the lease
3. Service Charge Schedule: Detailed breakdown of service charges and maintenance fees
4. Building Rules and Regulations: Property-specific rules and guidelines for occupancy
5. State and Condition Report: Detailed documentation of property condition at the commencement of lease
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