Temporary Occupation Licence (TOL) – Property in Singapore for rent
As most of State land and properties are not immediately needed for development, it is possible to put them to good economic use in the interim period. Temporary Occupation Licence (TOL) is a licence issued under the State Land Rules for temporary occupation of State land on terms and conditions to be decided by the Collector of Land Revenue. SLA rents out vacant State lands through TOLs and Tenancy Agreements (TAs). TOLs are generally for a short fixed term or could be on a monthly or yearly renewable basis. Examples of uses under renewable TOL are worksite, signage, showflat, landscaping, etc. Property in Singapore for rent.
Where the use of State land is for a one-off event and for a fixed duration of not more than 3 months, a Non-Renewable Temporary Occupation License (NRTOL) will be issued instead. Examples of uses under NRTOL are tradefair, pasar malam, religious event, wayang, funeral wake, sale/entertainment event, etc. Property in Singapore for rent.
TA entitles interested parties to rent State land and properties for a fixed, longer period, up to a maximum of 3 years for each term.
The general terms of the TA includes the following:
(a) the Collector of Land Revenue and any officer authorised by him in writing may at any time enter the land for the purposes of inspection or for any other purpose;
(b) the licence or tenancy shall not be transferred or assigned in any manner whatsoever without the written consent of the Collector of Land Revenue;
(c) the licence or tenancy shall cease and be determined on the death of the licensee or the tenant;
(d) the licensee or tenant shall not let or sublet to any other person or persons the land in respect of which the licence has been issued or the tenancy agreement has been entered into except with the written consent of the Collector of Land Revenue;
(e) no structure shall be erected on the land except with the prior written permission of the Collector of Land Revenue;
(f) no permanent building shall be constructed on the land occupied under the licence or tenancy except with the prior written permission of the Collector of Land Revenue; and
(g) the licensee or tenant shall not cause or allow any sign or advertisement hoarding or the like to be fixed to or erected upon the land except with the prior written permission of the Collector of Land Revenue.
Please click here to search property in Singapore for rent.