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Memorandum Of Lease Agreement
"I need a Memorandum of Lease Agreement for a commercial office space in Singapore CBD, with a 3-year term starting January 2025, including fit-out provisions and an option to renew for two additional years."
1. Parties: Details of lessor and lessee
2. Background: Context and purpose of the lease agreement
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the leased premises
5. Term of Lease: Duration, commencement and expiry dates
6. Rent and Payment Terms: Rental amount, payment schedule, and method
7. Security Deposit: Amount and terms of security deposit
8. Use of Premises: Permitted use and restrictions
1. Option to Renew: Terms for lease renewal - include when parties agree to potential lease extension
2. Break Clause: Early termination provisions - include when early termination might be needed
3. Fit-out Works: Terms for renovation or modification - include when premises require modification
4. Service Charge: Additional charges for building services - include for commercial properties with shared facilities
1. Floor Plan: Detailed plan of the leased premises
2. Inventory List: List of fixtures and fittings included in lease
3. House Rules: Building regulations and guidelines
4. Maintenance Schedule: Breakdown of maintenance responsibilities
5. Fit-out Guidelines: Specifications for permitted modifications when fit-out works are permitted
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