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Property License Agreement Template for Singapore

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Key Requirements PROMPT example:

Property License Agreement

"I need a Property License Agreement for a commercial office space in Singapore, allowing multiple startups to use shared workspaces and meeting rooms from January 2025, with specific provisions for 24/7 access and shared utilities."

Document background
The Property License Agreement is essential for situations where temporary or limited property use rights are needed without establishing a formal lease arrangement. Under Singapore law, this document provides a flexible framework for managing property access and usage while maintaining the licensor's control. It typically includes terms for permitted use, duration, fees, maintenance responsibilities, and termination conditions, all while ensuring compliance with Singapore's property and building regulations. This agreement is particularly useful for short-term arrangements, shared spaces, or when specific usage restrictions are required.
Suggested Sections

1. Parties: Identification and details of the licensor and licensee

2. Background: Context and purpose of the license agreement

3. Definitions: Key terms used throughout the agreement

4. Grant of License: Scope and terms of the license being granted

5. License Period: Duration and term of the license

6. License Fee: Payment terms and schedule

7. Permitted Use: Allowed uses of the property

8. Maintenance and Repairs: Responsibilities for property upkeep

9. Termination: Conditions and process for ending the agreement

Optional Sections

1. Security Deposit: Terms of security deposit, including amount, payment timing, and conditions for return

2. Alterations and Improvements: Rules and restrictions regarding property modifications and improvements

3. Utilities and Services: Responsibility for utility payments and services maintenance

4. Insurance: Insurance requirements, coverage types, and obligations of each party

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the licensed property including address and specifications

2. Schedule 2 - Floor Plan: Layout and measurements of the property

3. Schedule 3 - Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the license

4. Schedule 4 - House Rules: Specific rules and regulations governing the use of the property

5. Schedule 5 - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates

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

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships, obligations, and requirements for contract validity in Singapore

Conveyancing and Law of Property Act (Cap. 61): Regulates property transactions and interests in land, including legal requirements for property dealings

Land Titles Act (Cap. 157): Covers registration of land titles and dealings with registered land in Singapore

Planning Act (Cap. 232): Governs zoning regulations and permitted property usage requirements

Building Control Act (Cap. 29): Regulates building safety, structural requirements, and renovation/modification regulations

Environmental Protection and Management Act: Addresses environmental compliance requirements and pollution control measures for properties

Fire Safety Act: Stipulates fire safety requirements, building access, and emergency regulations

Stamp Duties Act: Covers applicable stamp duties and tax obligations related to property transactions

License vs. Lease Distinction: Legal consideration of the fundamental differences between a license and lease agreement under Singapore law

Property Usage Restrictions: Considerations regarding permitted uses, restrictions, and limitations on property usage

Modification Rights: Legal framework for permitted modifications and alterations to the property

Security Deposit Framework: Requirements and regulations regarding security deposits and their handling

Termination Rights: Legal provisions and conditions for termination of the license agreement

Insurance Requirements: Mandatory and recommended insurance coverage for property licensing

Maintenance Obligations: Legal framework for maintenance responsibilities and obligations of parties

Liability Provisions: Legal considerations regarding liability allocation and indemnification between parties

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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