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Lease Extension Agreement
"I need a Lease Extension Agreement for my commercial office space in Singapore CBD, extending the current lease for 3 years from January 2025, with a 5% increase in rent and updated maintenance terms."
1. Parties: Identification of landlord and tenant with full legal details
2. Background: Details of original lease and context for extension
3. Definitions: Key terms used throughout the agreement
4. Extension Term: Specific details of the extension period
5. Rent and Payment Terms: Updated rental amounts and payment conditions
6. Existing Lease Terms: Confirmation of which original lease terms remain in effect
7. Execution: Signing provisions and attestation
1. Security Deposit Adjustment: Additional section for when security deposit terms are being modified
2. Additional Terms: New terms specific to the extension period, used when introducing new conditions for the extension
3. Break Clause: Early termination provisions, included when parties want flexibility to end the extension early
1. Schedule 1 - Property Details: Detailed description of the leased property
2. Schedule 2 - Rent Review Provisions: Details of any rent review mechanisms during the extension
3. Appendix A - Original Lease: Copy of the original lease agreement
4. Appendix B - Property Plans: Updated floor plans or property drawings if applicable
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