Ƶ

Lease Hire Agreement for Singapore

Lease Hire Agreement Template for Singapore

A Lease Hire Agreement under Singapore law is a legally binding contract that facilitates the temporary use of assets or equipment in exchange for regular payments. This agreement, governed by Singapore's Civil Law Act and related legislation, outlines the terms and conditions of the lease, including payment schedules, maintenance responsibilities, insurance requirements, and termination provisions. It provides legal protection for both lessor and lessee while ensuring compliance with Singapore's regulatory framework.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Lease Hire Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Lease Hire Agreement?

The Lease Hire Agreement is a crucial commercial document used when businesses or individuals need to acquire the use of assets without purchasing them outright. This contract type, governed by Singapore law, enables lessees to access necessary equipment or assets while maintaining working capital efficiency. The agreement typically includes detailed provisions about the asset, payment terms, maintenance responsibilities, and risk allocation. It's particularly relevant in Singapore's dynamic business environment where companies often prefer leasing over purchasing to maintain flexibility and manage cash flow effectively.

What sections should be included in a Lease Hire Agreement?

1. Parties: Details of lessor and lessee, including registration numbers and addresses

2. Background: Context of the lease arrangement and brief description of the asset(s)

3. Definitions: Key terms used throughout the agreement

4. Asset Description: Detailed description of leased asset(s)

5. Lease Term: Duration of lease and commencement date

6. Payment Terms: Rental amounts, payment schedule, and method of payment

7. Maintenance and Repairs: Responsibilities for maintaining the asset

8. Insurance: Insurance requirements and responsibilities

9. Termination: Conditions for early termination and consequences

What sections are optional to include in a Lease Hire Agreement?

1. Purchase Option: Terms for purchasing the asset at end of lease - include when offering purchase option to lessee

2. Sub-letting: Terms regarding sub-letting rights - include when sub-letting might be permitted

3. Cross-border provisions: Special terms for international leasing - include when asset may cross borders

What schedules should be included in a Lease Hire Agreement?

1. Asset Schedule: Detailed technical specifications of leased asset(s)

2. Payment Schedule: Detailed breakdown of payment amounts and dates

3. Maintenance Schedule: Required maintenance procedures and intervals

4. Insurance Requirements: Detailed insurance specifications

5. Condition Report: Initial condition of asset at lease commencement

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

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Financing Agreement

Cost

Free to use
Relevant legal definitions






























Clauses


























Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations, including provisions about legal capacity to contract

Hire Purchase Act (Cap. 125): Framework legislation for hire purchase agreements with principles applicable to leasing, including provisions for protection of hirers' rights

Consumer Protection (Fair Trading) Act (Cap. 52A): Legislation ensuring fair trading practices and protecting against unfair practices in lease agreements

Personal Property Securities Act 2005: Legislation governing security interests in personal property, particularly relevant for leased equipment and assets

Unfair Contract Terms Act (Cap. 396): Controls the use of unfair terms in contracts and limits liability exclusion clauses

Electronic Transactions Act (Cap. 88): Validates electronic signatures and electronic execution of agreements

MAS Guidelines: Regulatory guidelines from Monetary Authority of Singapore applicable when lease involves financial institutions

Personal Data Protection Act 2012: Legislation governing the handling of personal data and privacy protection requirements for parties involved in the agreement

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

Find the exact document you need

Tripartite Loan Agreement

A Singapore law-governed agreement establishing a three-party lending arrangement with security/guarantee provisions.

find out more

Simple Loan Term Sheet

A preliminary document outlining key terms of a proposed loan agreement under Singapore law.

find out more

Seller Financing Business Contract

A Singapore-law governed agreement where the seller finances the buyer's purchase of a business, including payment terms and security arrangements.

find out more

Seller Financing Agreement

A Singapore-law governed agreement where the seller provides direct financing to the buyer for asset purchases, detailing payment terms and security arrangements.

find out more

Loan For Use Agreement

A Singapore-law governed agreement enabling temporary, non-commercial use of items between parties, defining usage terms and return conditions.

find out more

Loan And Guarantee Agreement

A Singapore law-governed agreement establishing loan terms and guarantee provisions between lender, borrower, and guarantor.

find out more

Loan Agreement Deed

A Singapore-governed deed that establishes legally binding loan terms between lender and borrower, with enhanced enforceability under local law.

find out more

Lease Hire Agreement

A Singapore-law governed agreement facilitating the temporary use of assets in exchange for regular payments.

find out more

Hire Purchase Agreement For Car

A Singapore-governed agreement enabling vehicle purchase through installment payments, regulated under the Hire-Purchase Act.

find out more

International Loan Agreement

A Singapore law-governed agreement establishing terms for international lending transactions, incorporating local regulatory requirements and cross-border considerations.

find out more

Deed Of Accession Loan Agreement

A Singapore law-governed deed allowing a new lender to join an existing loan agreement, assuming associated rights and obligations.

find out more

Co Borrower Loan Agreement

A Singapore-law governed agreement establishing terms for a loan with multiple borrowers sharing joint responsibility for repayment.

find out more

Car Payment Takeover Agreement

A Singapore-governed agreement that enables the transfer of car loan payment obligations from one party to another, ensuring legal compliance and protecting all parties' interests.

find out more

Bike Hire Purchase Agreement

A Singapore-law governed agreement for the purchase of a bike through installment payments, with ownership retained by the seller until final payment.

find out more

Accession Deed Facility Agreement

A Singapore law-governed document allowing new parties to join an existing facility agreement, subject to Singapore's banking and securities regulations.

find out more

Short Term Loan Agreement

A Singapore law-governed agreement establishing terms for short-term lending between parties, including loan amount, interest, and repayment conditions.

find out more

Personal Car Loan Agreement

A Singapore-governed agreement establishing terms and conditions for a personal car loan between a lender and borrower.

find out more

Person To Person Loan Agreement

A legally binding agreement under Singapore law that documents a loan arrangement between two individuals, including terms, conditions, and repayment schedule.

find out more

Mezzanine Loan Agreement

A Singapore law-governed agreement for subordinated debt financing with equity-like features, sitting between senior debt and equity in the capital structure.

find out more

Loan Swap Agreement

A Singapore law-governed agreement enabling the exchange of loan payment obligations between parties, typically for interest rate risk management.

find out more

Loan Payback Agreement

A Singapore-law governed agreement establishing terms and conditions for loan repayment between lender and borrower.

find out more

Loan Note Agreement

A Singapore law-governed agreement documenting terms of a loan, including principal, interest, and repayment conditions.

find out more

Loan Agreement Between Spouses

A Singapore-law governed agreement documenting a loan arrangement between spouses, ensuring legal compliance and protection of both parties' interests.

find out more

Financing Contract Agreement

A legally binding agreement governing financial facilities between lender and borrower under Singapore law.

find out more

Financial Support Agreement

A Singapore law-governed agreement establishing terms for providing financial support between parties, subject to local financial regulations.

find out more

Financial Assistance Agreement

A Singapore-law governed agreement establishing terms for providing financial assistance, including disbursement, repayment, and security arrangements.

find out more

Financial Agreement Between Two Parties

A Singapore-law governed agreement establishing financial obligations between two parties, including payment terms and security arrangements.

find out more

Equity Funding Agreement

A Singapore law-governed agreement defining terms for equity investment in exchange for company shares.

find out more

Debt Agreement Loans

A Singapore law-governed agreement establishing loan terms between lender and borrower, including amount, interest, and repayment conditions.

find out more

Contract For Personal Loan

A Singapore-compliant legal agreement establishing terms and conditions for a personal loan between lender and borrower.

find out more

Contract For Car Payments

A Singapore-governed agreement establishing terms and conditions for vehicle financing and payment arrangements.

find out more

Car Installment Agreement

A Singapore-compliant legal agreement for vehicle financing through installment payments, governed by the Hire-Purchase Act.

find out more

Business Loan Contract

A legally binding agreement for business lending under Singapore law, detailing loan terms, conditions, and security arrangements.

find out more

Auto Finance Agreement

A Singapore-law governed agreement establishing terms for vehicle financing, compliant with local regulations and MAS guidelines.

find out more

Revolving Line Of Credit Loan Agreement

A Singapore law-governed agreement establishing a revolving credit facility, allowing repeated borrowing up to an agreed limit.

find out more

Debtor In Possession Loan Agreement

A Singapore law-governed financing agreement enabling companies in insolvency proceedings to obtain priority rescue financing while maintaining operational control.

find out more

Tri Party Loan Agreement

A Singapore law-governed agreement between three parties establishing terms for a loan arrangement, including security and trustee provisions.

find out more

Future Receivables Factoring Agreement

A Singapore law-governed agreement for the sale of future payment rights to a factor in exchange for immediate funding.

find out more

Medical Equipment Loan Agreement

A Singapore-law governed agreement for the temporary loan of medical equipment, complying with HSA regulations and healthcare legislation.

find out more

Loan Agreement Between Two Companies

A Singapore law-governed agreement establishing terms for inter-company lending, including loan amount, interest, repayment, and security arrangements.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it