Provided below are some of the lease terms you should note when setting up your Singapore office.

1. Lease Duration. The common lease duration is 2 to 3 years.
2. Rent. The rent in Singapore is paid on a monthly basis. Usually, it is comprised of a base rent (per square feet), a GST of 7% and service charges.
3. Deposits. Usually, a refundable deposit worth three months’ rent is required. This deposit is refundable when the tenancy expires.
4. Taxes. Applicable taxes will be paid by your landlord in Singapore.
5. Maintenance. You are normally responsible for all electricity and telecommunication bills. You do not pay the amount to your landlord. Rather, you should pay it directly to your service providers.
6. Sub-leasing. Sub-letting is not typically allowed unless the landlord gives his written consent.
7. Office Renovation. You may renovate your office to suit your needs as long as you adhere to the terms and agreements which you and your landlord agreed upon.

What is a Letter of Intent?
A Letter of Intent is a written correspondence that allows you to enumerate your lease terms and specifications.

What is a Letter of Offer?
A letter of offer is a written proposal that will be issued by the landlord upon approval of your letter of intent.