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Intercompany Lease Agreement Template for Singapore

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Key Requirements PROMPT example:

Intercompany Lease Agreement

"Need an Intercompany Lease Agreement for our Singapore subsidiary to lease office space from our parent company, with specific provisions for transfer pricing compliance and quarterly rent reviews starting from March 2025."

Document background
The Intercompany Lease Agreement is utilized when one company within a corporate group leases property to another affiliated company in Singapore. This document ensures compliance with Singapore's legal requirements while maintaining proper corporate governance and transfer pricing principles. It addresses key aspects such as rental terms, maintenance obligations, and service charges, while incorporating necessary provisions for related party transactions. The agreement is particularly important for multinational companies operating multiple entities in Singapore and requires careful consideration of both property law and corporate regulatory requirements.
Suggested Sections

1. Parties: Identification of lessor and lessee companies, including registration details

2. Background: Context of the lease arrangement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the leased premises

5. Lease Term: Duration, commencement, and termination provisions

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

7. Maintenance and Repairs: Responsibilities for property maintenance

8. Insurance: Required insurance coverage and obligations

9. Termination: Conditions for early termination and consequences

Optional Sections

1. Transfer Pricing Compliance: Specific provisions ensuring arm's length pricing for intercompany transactions

2. Fit-out Works: Provisions for modifications to premises and associated responsibilities

3. Environmental Compliance: Environmental obligations and commitments for industrial or specialized premises

4. Service Charges: Additional charges for building services in multi-tenant buildings

Suggested Schedules

1. Property Plans: Floor plans and location maps of leased premises

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

3. Transfer Pricing Documentation: Supporting documentation for arm's length rental determination

4. Service Level Agreement: Details of building services provided and service standards

5. Condition Report: Initial condition of premises at lease commencement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations, containing key provisions relating to leases and contracts

Land Titles Act (Cap. 157): Regulates land ownership and registration, particularly relevant for leased properties under registered land

Conveyancing and Law of Property Act (Cap. 61): Contains provisions about property transactions and leases, defining rights and obligations of landlords and tenants

Companies Act (Cap. 50): Governs corporate relationships, related party transactions, and intercompany dealings

Income Tax Act: Covers transfer pricing implications, arm's length principle requirements, and GST implications for lease payments between related parties

Stamp Duties Act: Governs requirements for stamp duty on lease agreements and applicable exemptions for intercompany transactions

Competition Act: Addresses fair competition considerations for group companies and market dominance issues

Property Tax Act: Covers property tax obligations and assessment of taxable value for leased properties

Building Control Act: Regulates building maintenance, safety requirements, and compliance with building regulations

Environmental Protection and Management Act: Covers environmental compliance requirements and waste management obligations for properties

Fire Safety Act: Specifies fire safety requirements and building safety compliance standards

Planning Act: Addresses zoning requirements and land use restrictions for properties

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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