The Licence Rental Agreement is commonly used in Singapore when parties seek to establish a flexible arrangement for property use without the formal obligations of a lease. This document type is particularly relevant when the property owner wants to retain significant control over the property while granting usage rights to another party. The agreement typically includes terms for duration, payment, permitted use, and termination rights, all structured within Singapore's legal framework. It's especially useful for short-term arrangements, shared spaces, or situations where traditional lease agreements might be too rigid or formal.
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Grant of Licence: Terms of the licence grant and permitted use
5. Licence Period: Duration and renewal terms
6. Licence Fee: Payment terms and schedule
7. Obligations of Licensee: Responsibilities and restrictions on the licensee
8. Termination: Conditions for ending the agreement
1. Security Deposit: Terms for security deposit, when required by licensor
2. Utilities and Services: Responsibility for utilities and service charges when not included in licence fee
3. Maintenance and Repairs: Responsibilities for upkeep when specific maintenance obligations need to be defined
4. Insurance: Insurance requirements when specific coverage is required
1. Schedule 1 - Property Details: Detailed description of licensed premises
2. Schedule 2 - Inventory List: List of furniture and fittings included in licence
3. Schedule 3 - House Rules: Building or property specific rules and regulations
4. Appendix A - Floor Plan: Layout and dimensions of licensed premises
Relevant legal definitions
Clauses
Relevant Industries
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