A Commercial Lease Amendment is used when parties to an existing commercial lease in Singapore need to modify specific terms without drafting a new lease agreement. Common scenarios include changing rental rates, extending/reducing the lease term, modifying the premises area, or updating maintenance obligations. The document must comply with Singapore's property laws and typically requires registration with relevant authorities if it involves substantial changes. It's essential to ensure the amendment aligns with both the original lease terms and current regulatory requirements.
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Key Requirements PROMPT example:
Commercial Lease Amendment
"I need a Commercial Lease Amendment to extend our current retail lease term by 3 years starting from March 1, 2025, and increase the monthly rent by 8%, while maintaining all other terms of our original lease agreement."
1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Reference to original lease and reason for amendment
3. Definitions: Key terms used in the amendment agreement
4. Amendment Details: Specific changes being made to the original lease
5. Effective Date: When the amendments take effect
6. Confirmation of Other Terms: Statement that all other lease terms remain unchanged
7. Execution: Signature blocks and execution details
1. Consideration: Section detailing any payment or consideration for the amendment - used when there's a payment involved for the amendment
2. Conditions Precedent: Section outlining conditions that must be met before amendment takes effect - used when there are specific requirements before implementation
3. Landlord's Works: Section detailing any modifications to be made by landlord - used when physical changes to premises are part of amendment
1. Schedule of Amendments: Detailed list of specific changes to original lease clauses
2. Updated Floor Plan: Floor plan showing any changes to leased area
3. Original Lease: Copy of the original lease being amended
4. Authority Documents: Corporate authorizations or power of attorney if required
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