The Master Lease Agreement is a foundational document used in Singapore's commercial property sector to establish a standardized framework for leasing arrangements. This document is particularly relevant when a property owner seeks to create a consistent leasing structure across multiple properties or units. The agreement incorporates essential provisions required under Singapore law, including those from the Civil Law Act and Conveyancing and Law of Property Act, while providing flexibility for property-specific terms. It serves as the primary reference point for all subsequent lease arrangements and typically includes detailed provisions for property management, maintenance responsibilities, and dispute resolution mechanisms.
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1. Parties: Identification and details of the landlord and tenant
2. Background: Context and purpose of the lease agreement
3. Definitions: Key terms used throughout the agreement including references to relevant Singapore legislation
4. Demised Premises: Detailed description of the leased property including compliance with Planning Act requirements
5. Term and Renewal: Duration of lease and renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, and methods including stamp duty requirements
7. Security Deposit: Amount, terms, and conditions for return
8. Use of Premises: Permitted uses and restrictions in accordance with Singapore zoning laws
9. Maintenance and Repairs: Responsibilities of each party under Building Control Act requirements
10. Insurance: Required insurance coverage including public liability and property insurance
11. Termination: Grounds and process for termination
1. Fitting Out Works: Terms for tenant improvements and compliance with Building Control Act requirements
2. Option to Purchase: Terms for tenant to purchase property including compliance with property ownership restrictions
3. Break Clause: Early termination provisions and associated conditions
4. Green Lease Provisions: Environmental sustainability requirements and compliance with Singapore Green Mark standards
1. Floor Plan: Detailed plan of the premises approved by relevant authorities
2. Inventory List: List of fixtures and fittings provided with the premises
3. Service Charge Schedule: Breakdown of additional charges and maintenance fees
4. House Rules: Building regulations and guidelines including COVID-19 safety measures if applicable
5. Yield Up Conditions: Required condition of premises upon lease termination
6. Permitted Alterations: Pre-approved modifications allowed under building regulations
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