Option to extent clause – Property in Singapore for sale
The option to extend clause gives the tenant the first rights to extent the tenancy for a further term of another fixed period as stipulated in the tenancy. Once this option is granted to the tenant, the landlord cannot refuse such extension if all the conditions for extension are fulfilled. Example of such conditions are: that written request must be made by the Tenant at least two (2) months before the expiration of the term and there must not at the time of such request be any existing breach of non-observance of any of the covenants on the part of the Tenant and the new rent shall be at the prevailing market rent. Property in Singapore for sale.
Please click here to search property in Singapore for sale.
