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Retail Lease Agreement Template for Singapore

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Key Requirements PROMPT example:

Retail Lease Agreement

"I need a Retail Lease Agreement for a 1,500 square foot fashion store in a Singapore shopping mall, with a 3-year term starting January 2025 and including provisions for percentage rent based on monthly sales."

Document background
The Retail Lease Agreement is a crucial document for establishing commercial tenancy relationships in Singapore's retail sector. It provides a comprehensive framework for both landlords and tenants, detailing their rights and obligations in accordance with Singapore law and the Fair Tenancy Framework. This document is essential when leasing any retail space, whether in shopping centers, street-front shops, or mixed-use developments, and includes specific provisions for retail operations such as trading hours, fit-out requirements, and sales reporting.
Suggested Sections

1. Parties: Identifies and defines the landlord and tenant with full legal names and addresses

2. Background: Sets out the context of the lease and basic details of the property

3. Definitions: Defines key terms used tHRoughout the agreement

4. Demise: Specifies the exact premises being leased and any included facilities

5. Term and Renewal: Details the duration of the lease and any renewal options

6. Rent and Payment Terms: Specifies rent amount, payment schedule, and review mechanisms

7. Security Deposit: Details of required deposit and conditions for return

8. Permitted Use: Specifies allowed uses of the premises

9. Maintenance and Repairs: Outlines responsibilities for maintenance and repairs

10. Insurance: Required insurance coverage for both parties

11. Termination: Conditions and procedures for lease termination

Optional Sections

1. Fit-out Works: Details of any tenant improvements or modifications - include when premises requires renovation or modification

2. Operating Hours: MaNDAtory business hours provisions - include for shopping mall or similar retail environments

3. Sales Reports: Requirements for reporting sales figures - include when rent includes turnover component

4. Environmental Obligations: Specific environmental requirements - include for premises with specific environmental concerns

Suggested Schedules

1. Floor Plan: Detailed plan showing the leased premises

2. Inventory List: List of fixtures and fittings included in the lease

3. House Rules: Building or mall regulations and guidelines

4. Fit-out Guidelines: Technical specifications for any renovation works

5. Service Charge Schedule: Breakdown of service charges and utilities

6. Handover Form: Condition report at commencement of lease

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



































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Industries

Control of Rent Act (Chapter 58): Primary legislation governing rental properties in Singapore, regulating the relationship between landlords and tenants

Conveyancing and Law of Property Act (Chapter 61): Fundamental law governing property transactions and leases in Singapore, including rights and obligations of parties

Land Titles Act (Chapter 157): Legislation governing the registration and transfer of land titles in Singapore

Building Maintenance and Strata Management Act: Regulates the management of strata-titled properties, relevant if the retail space is in a strata-titled building

Planning Act (Chapter 232): Controls the development and usage of land and buildings, including permitted usage of retail premises

Fire Safety Act (Chapter 109A): Establishes fire safety requirements for buildings and premises

COVID-19 (Temporary Measures) Act 2020: Temporary legislation providing relief measures for businesses affected by COVID-19, including lease obligations

Environmental Public Health Act: Regulates environmental and public health standards that must be maintained in retail premises

Building Control Act: Governs building works and standards for construction and renovation of retail premises

Workplace Safety and Health Act: Ensures safety, health and welfare of persons at work in the premises

Personal Data Protection Act: Governs the collection, use, and disclosure of personal data in lease agreements and business operations

Fair Tenancy Framework (FTF): Industry guidelines introduced in 2021 to establish fair lease negotiations and arrangements between landlords and tenants

Code of Conduct for Leasing of Retail Premises: Guidelines specifically designed for retail lease arrangements in Singapore

URA Technical Guidelines: Urban Redevelopment Authority's specific requirements for retail spaces and commercial properties

BCA Technical Guidelines: Building and Construction Authority's requirements for building safety and accessibility

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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