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Termination Of Sublease Agreement

Termination Of Sublease Agreement Template for Singapore

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Key Requirements PROMPT example:

Termination Of Sublease Agreement

"I need a Termination Of Sublease Agreement for my retail space in Singapore's Orchard Road area, where my sublessee has requested early termination effective March 1, 2025, and we need to include specific provisions about the removal of shop fittings and signage."

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What is a Termination Of Sublease Agreement?

The Termination Of Sublease Agreement is essential when parties wish to formally end their sublease arrangement before or at the intended expiry date. This document, governed by Singapore law, ensures proper documentation of the termination process, protecting all parties' rights and obligations. It includes critical details such as the termination date, property surrender conditions, security deposit arrangements, and outstanding payment settlements. The agreement must comply with Singapore's property laws, including the Civil Law Act and Conveyancing and Law of Property Act, and may require consideration of HDB or URA regulations depending on the property type.

What sections should be included in a Termination Of Sublease Agreement?

1. Parties: Identification of all parties involved including original lessor, lessee/sublessor, and sublessee

2. Background: Details of original lease and sublease agreements, including dates and key terms

3. Definitions: Key terms used throughout the agreement

4. Termination Date: Specific date when sublease will terminate

5. Mutual Release: Release of parties from obligations under sublease

6. Return of Security Deposit: Terms for return of security deposit

7. Property Surrender: Conditions for returning property

8. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a Termination Of Sublease Agreement?

1. Outstanding Payments: Section detailing settlement of any remaining rent or charges, used when there are pending payments to be addressed

2. Property Inspection: Section covering arrangements for final inspection and condition assessment of the property

3. Utilities Transfer: Section addressing process for transferring or terminating utilities accounts and services

4. Key Return: Section detailing procedure for returning keys, access cards, and other access devices

What schedules should be included in a Termination Of Sublease Agreement?

1. Schedule 1 - Original Lease Agreement: Copy of the original lease agreement referenced in the termination

2. Schedule 2 - Original Sublease Agreement: Copy of the sublease agreement being terminated

3. Schedule 3 - Property Inventory: Detailed list of fixtures and fittings to be checked during property surrender

4. Schedule 4 - Outstanding Payments Schedule: Itemized list of any remaining payments or adjustments to be made between parties

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
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Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and civil matters in Singapore, providing the fundamental legal framework for lease agreements

Conveyancing and Law of Property Act (Cap. 61): Key legislation governing property transactions and leases in Singapore, including requirements for creation and termination of property interests

Planning Act (Cap. 232): Regulates land use and development in Singapore, which may affect the permissible use of the subleased property

Land Titles Act (Cap. 157): Governs the registration and transfer of land titles in Singapore, including requirements for registration of certain leases

Control of Rent Act: May be applicable for older properties, governing rent control and tenant protection measures

Landlord and Tenant Rights: Legal framework covering rights and obligations of parties, notice requirements, security deposit handling, and property restoration requirements

Registration Requirements: Legal obligations regarding registration of termination with authorities and stamp duty implications

Property-Specific Regulations: Includes HDB rules, URA regulations for commercial properties, and MCST rules for strata-titled properties

Contract Law Principles: Fundamental principles including consideration requirements, capacity of parties, and terms of original lease/sublease agreement

Common Law Principles: Including doctrine of privity of contract and rules governing assignment and novation of contracts

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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