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Addendum To Lease Agreement Rent Increase

Addendum To Lease Agreement Rent Increase Template for Singapore

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Key Requirements PROMPT example:

Addendum To Lease Agreement Rent Increase

"I need an Addendum To Lease Agreement Rent Increase for my Singapore commercial property at 123 Orchard Road, increasing the monthly rent from SGD 5,000 to SGD 5,500 effective March 1, 2025, with my tenant ABC Trading Pte Ltd."

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What is a Addendum To Lease Agreement Rent Increase?

An Addendum To Lease Agreement Rent Increase is essential when property owners in Singapore wish to formally increase the rent during an existing tenancy. This document ensures compliance with Singapore's property laws while protecting both parties' interests. It should be used when market conditions or other factors justify a rent adjustment, and the original lease allows for such changes. The addendum typically includes the new rental amount, effective date, payment terms, and confirms that all other original lease terms remain unchanged. For HDB properties, additional compliance with specific HDB rental regulations is necessary.

What sections should be included in a Addendum To Lease Agreement Rent Increase?

1. Parties: Identification of landlord and tenant with full legal names and addresses

2. Background: Reference to original lease agreement and reason for addendum

3. Definitions: Key terms used in the addendum

4. Rent Increase Details: Specific amount of increase and new total rent

5. Effective Date: When the rent increase takes effect

6. Original Agreement Validity: Confirmation that all other terms of original lease remain in effect

7. Execution: Signature blocks and date of signing

What sections are optional to include in a Addendum To Lease Agreement Rent Increase?

1. Payment Terms Modification: Changes to payment schedule or method, if applicable

2. Security Deposit Adjustment: If security deposit needs to be increased proportionally

3. Notice Acknowledgment: Confirmation that proper notice period was given, if required

What schedules should be included in a Addendum To Lease Agreement Rent Increase?

1. Schedule 1 - Rent Calculation: Detailed breakdown of new rent calculation

2. Schedule 2 - Payment Schedule: Updated payment dates and amounts if payment schedule is modified

3. Appendix A - Original Lease: Copy of original lease agreement for reference

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




















Industries

Residential Property Act: Primary legislation controlling ownership and leasing of residential properties in Singapore. Provides fundamental framework for residential lease agreements.

Control of Rent Act (Historical): Though abolished in 2001, provides important historical context and principles for rent control measures in Singapore that may influence current practices.

Building Maintenance and Strata Management Act: Governs management and maintenance of strata-titled properties. Relevant when property is part of a strata-titled development.

Planning Act: Ensures property usage complies with zoning requirements and land use restrictions in Singapore.

HDB Rules and Regulations: Specific regulations for Housing and Development Board properties, including maximum rental amounts, minimum rental periods, and tenant eligibility criteria.

COVID-19 (Temporary Measures) Act: Temporary legislation that may affect implementation and timing of rent increases during pandemic-related periods.

Notice Period Requirements: Mandatory notice periods that must be given to tenants before implementing rent increases under Singapore law.

Maximum Allowable Increase: Any applicable restrictions or guidelines on the maximum permitted rental increase amounts under Singapore regulations.

Original Lease Compliance: Requirements to ensure rent increase addendum complies with terms and conditions of the original lease agreement.

Documentation Requirements: Formal documentation and signature requirements for lease addendums under Singapore contract law.

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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