Termination of a lease – Singapore property for rent/ sale
Singapore property for rent/ sale – A lease may be terminated under the following situations:
- By expiry – A lease has a fix term. Once the term is up, the lease will expire automatically unless it is renewed or extended.
- By agreement – If there is a termination clause in the tenancy, the landlord and the tenant may terminate the lease by giving each other the required notice.
- By surrender – When the landlord accepts a new tenant to take over an existing lease from an existing tenant by way of an Assignment or Novation, the existing lease is treated as being surrendered by the existing tenant to the landlord.
- By merger – When an existing tenant buys over the property that he is leasing, the interest of the existing tenant is said to have merged with the interest of the landlord resulting in one owner.
- By bankruptcy – When a tenant becomes a bankrupt, all his interest in land will be vested with the Official Assignee. In such a case, it is lawful for the landlord to re-enter and re-possess the premises and the tenancy shall cease.
- By notice to quite – If there is a diplomatic clause, the tenant, under the required conditions, can activate the diplomatic clause and lawfully terminate the tenancy prematurely by giving the landlord the required notice.
- By frustration – If the property is compulsorily acquired by the State or made unfit to stay by act of God such as fire, flooding, etc.
- By forfeiture – If the rent remains unpaid for a certain number of days (as stipulated in the tenancy) after becoming payable, normally there will be a forfeiture clause in the tenancy to permit the landlord to lawfully at any time thereafter to re-enter and re-possess the premises and thereupon the lease shall cease.
- By death of the tenant
- By breach of contract on the part of the tenant.
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