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Commercial Lease Termination Notice Template for Singapore

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Key Requirements PROMPT example:

Commercial Lease Termination Notice

"I need a Commercial Lease Termination Notice for our retail store at Orchard Gateway Mall in Singapore, as we're closing operations and need to terminate our lease early on March 31, 2025, with specific provisions for the return of our $50,000 security deposit."

Document background
The Commercial Lease Termination Notice is a crucial document in Singapore's commercial property sector, used when either party wishes to end a commercial lease agreement before or at its natural conclusion. This document must be prepared in accordance with Singapore's property laws and regulations, particularly the Conveyancing and Law of Property Act. It should clearly state the termination date, grounds for termination, and outline all parties' obligations regarding property handover, outstanding payments, and security deposit arrangements. The notice serves as a legal record of the termination and helps ensure a smooth transition process while protecting the rights of all parties involved.
Suggested Sections

1. Property Details: Full address and description of leased premises including lot number, floor area, and any included fixtures

2. Lease Reference: Reference to original lease agreement including date, parties, and registration details if applicable

3. Notice of Termination: Clear statement of termination with specific termination date and reference to relevant termination clause

4. Handover Requirements: Specific requirements for returning the property including timing and condition

5. Legal Compliance: Statement confirming compliance with notice period and other legal requirements under Singapore law

Optional Sections

1. Outstanding Payments: Section detailing any rent arrears, utility bills, or other payments due up to termination date

2. Security Deposit: Details regarding the return of security deposit, including timeline and any deductions

3. Reinstatement Obligations: Specific requirements for restoration of premises to original condition

4. Keys and Access Cards: Instructions for return of all access devices and security passes

5. Utility Accounts: Requirements for closure or transfer of utility accounts

Suggested Schedules

1. Handover Checklist: Detailed list of items to be checked and verified during property handover

2. Outstanding Payments Schedule: Itemized list of any outstanding amounts including rent, utilities, and other charges

3. Property Condition Report: Detailed report of current property condition and specific reinstatement requirements

4. Photographic Evidence: Recent photographs documenting current condition of the premises

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions























Clauses



















Industries

Conveyancing and Law of Property Act (CLPA): Primary legislation governing property transactions and leases in Singapore, particularly Part 8 which deals with leases and tenancies

Civil Law Act: Fundamental legislation governing contractual relationships and obligations in Singapore

Planning Act: Regulates the development and use of land and buildings in Singapore

Control of Rent Act: Legislation controlling rental properties in Singapore, may be applicable depending on the property type

COVID-19 (Temporary Measures) Act 2020: Temporary legislation providing relief for businesses and individuals affected by COVID-19, including provisions related to lease terminations

Building Control Act: Regulates the construction and maintenance of buildings, ensuring safety and compliance standards

Fire Safety Act: Ensures fire safety requirements are met in commercial premises

Environmental Public Health Act: Governs public health standards in commercial premises and may affect handover conditions

Notice Period Requirements: Requirements for termination notice periods as specified in the original lease agreement, statutory requirements, and common law principles

Service of Notice Requirements: Specific procedures and requirements for properly serving the termination notice to ensure legal validity

Security Deposit Procedures: Requirements and procedures for handling the return of security deposits upon lease termination

Reinstatement Obligations: Legal obligations regarding the condition in which the property must be returned to the landlord

Property Handover Protocols: Procedures and requirements for the formal handover of the property back to the landlord

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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