An Amended And Restated Lease Agreement is utilized when parties wish to update an existing lease while maintaining the original contractual relationship. This document is particularly relevant in Singapore's dynamic property market where lease terms often need modification due to changing business conditions or regulatory requirements. It consolidates the original lease and all subsequent amendments into a single, coherent document, providing clarity and eliminating the need to cross-reference multiple documents. The agreement must comply with Singapore's strict property laws and regulations, including requirements under the Civil Law Act and Planning Act.
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1. Parties: Identification and details of the landlord and tenant
2. Background: History of original lease and reasons for amendment and restatement
3. Definitions: Key terms used throughout the agreement
4. Demised Premises: Detailed description of the leased property
5. Term of Lease: Duration of lease, including commencement and expiry dates
6. Rent and Payment Terms: Rental amount, payment schedule, and method
7. Security Deposit: Amount, terms, and conditions of security deposit
8. Use of Premises: Permitted use and restrictions
9. Maintenance and Repairs: Responsibilities of parties for property maintenance
10. Insurance: Required insurance coverage and responsibilities
1. Option to Renew: Terms for lease renewal, included when parties agree to possible lease extension
2. Break Clause: Early termination provisions, included when early termination might be needed
3. Fit-out Works: Terms for tenant improvements, included when premises require renovation/modification
4. Green Lease Provisions: Environmental sustainability requirements, included for environmentally conscious properties
1. Floor Plan: Detailed plan of the premises
2. Inventory List: List of fixtures and fittings included in lease
3. Service Charge Schedule: Breakdown of additional charges and services
4. House Rules: Building regulations and guidelines
5. Original Lease: Copy of the original lease being amended
6. Previous Amendments: Copies of any previous amendments to original lease
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