• Rental Rates
  
  The Rental Rate is generally quoted in Singapore $ per square foot per calendar month ($psf pm). Rent is payable monthly, however it is also possible to pay on a quarterly basis, details of which will be stated in the Lease Agreement.
• Length of Lease
  
  Leases are offered on a 3 year term; however both shorter and longer terms are available on a case by case basis.
• Option to Renew
  
  Generally an option to renew for a period of 1-3 years is acceptable by the Landlord. The rate of renewal is subject to the then prevailing market rent unless a rent cap has been mutually agreed by both parties in the Lease Agreement.
• Rent Free Period
  
  The Rent Free Period is generally considered to be the period of time between the Possession date and the Commencement date, during which no rent or service charge is payable by the Tenant. The length of a rent free period is negotiated on a case by case basis.
• Legal Fees and Stamp Duty
  
  It is general market practice in Singapore for the Tenant to pay both parties legal fees during the creation of the Lease Agreement. The Tenant must also pay the Stamp Duty for the Real Estate transaction.
• Security Deposit
  
  Landlords typically ask for a security deposit equivalent to 3 months rental; however this does vary from case to case.
• Utilities
  
  Electricity is usually supplied to the premises by the Landlord, however the opening of an account, connection fees and consumption charges are payable by the Tenant throughout the term of the lease.
• Maintenance
  
  The Tenant is responsible for the general up keep of the interior of the premises and any non-structural repairs therein. The maintenance and repairs of the exterior for the premises and the communal areas are the responsibility of the Landlord.
• Air Conditioning
  
  The Landlord will usually supply AC to the premises during business hours (generally considered Monday-Friday 8am-6pm and Saturday 9am-1pm). Out of hours AC is mostly available, charges for which will be outlined in the Lease Agreement.
• Car Parking
  
  Where available, the Landlord will offer car parking lots on a ratio basis to the square footage lease by the tenant (e.g. 2,000sf:1 parking lot) subject to availability. Cost for parking lots are not included in the rental rate and vary from $100-$300/lot/mth not including 7%GST

Processes

• Evaluation
  
  From initial meeting obtaining and understanding clients key objectives and real estate requirements to short list and inspection of available options.
• Short List
  
  An up to date and concise listing of all available options meeting the client's key objectives targeted for inspection
• Inspections
  
  Inspecting available options and supplying the Client with full building specifications and advising on the best possible rates and terms.
• Letter of Intent (LOI)
  
  Once the desired premises has been found, an LOI is submitted by the client (Tenant) to the Landlord outlining all desired conditions subject to the Tenant leasing the desired premises.
• Letter of Offer (LOO)
  
  The Landlord will respond to the LOI with an LOO detailing all terms and conditions. Once T's&C's are agreed upon by both parties, the Tenant will sign the LOO and pay a non-refundable deposit equivalent to 1 month rental to secure the premises. At this point the Lease Agreement will be drawn up by the Landlord's legal council.
• Lease Agreement
  
  The Landlords legal council present the Tenant with the engrossed Lease Agreement outlining the Terms and Conditions applicable to both parties as stated in the LOO. Both Landlord and Tenant sign the Lease Agreement and full remaining monies are paid by the Tenant on the signing of the Lease.
• Possession Date
  
  This is the agreed date the Tenant gains entry to the premises. Should there also be a commencement date, then this period is to be used for fit-out purposes and no rent or service charge is payable during this term.
• Commencement Date
  
  The agreed date for the commencement of rent payable by the Tenant. Rent payments are ongoing monthly or quarterly for the duration of the Lease, unless otherwise stated.
• Expiry Date – Renewal Option
  
  This is the date of the natural expiration of the agreed lease term. If there are any options to renew, the intention to renew will typically be stated by the Tenant 2-3 months prior to the expiry date, unless otherwise stated.
• Reinstatement
  
  As market practice, the Terms and Conditions of the lease obligate the Tenant to reinstate the leased unit back to the condition it was originally handed over in at the Possession Date. General wear and tear is accepted. The reinstatement must be completed by the expiry date.