Rajah & Tann Singapore recently contributed a Practice Note titled “Foreign Companies Leasing Office Space in Singapore” to the Global Practice Areas section of Practical Law Global (Thomson Reuters).
Authored by Senior Partner Norman Ho, Senior Associate Marcus Tay and Associate Naomi Ho from the Corporate Real Estate practice, the Practice Note discusses the issues that a foreign organisation should take note of when it leases an office space in a multi-tenant building in Singapore. It provides guidance for foreign counsel on the leasing process in Singapore, including the workflow of a leasing transaction, laws affecting the parties in the transaction, and key documents, issues, and customs in leasing transactions. Topics discussed:
- Professionals that should be engaged when opening and leasing a foreign office;
- Common leasing structures;
- Principal stages in a typical leasing transaction (including physical and legal due diligence);
- Key lease terms for tenants;
- Lease registration requirements; and
- Taxes applicable to office space leases.
To read the full Practice Note, please click here.
The Practice Note is reproduced from Practical law with the permission of the publishers.
For further information, visit www.practicallaw.com.
