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Overview

What's Typical

Term

3-5 years

Breaks

No Break

Renewals

3 years (3+3 typical)

Rent basis

Gross

Free rent

1-3 months for fit-out

Escalation

Rent not escalated during the term

Security

3-6 months

Tenant's broker

Landlord pays agency fees for new lettings. Tenant pays in case of renewals.

Fit-out

Tenants pays

Right to sublet

Rare, subject to landlord's terms and conditions

Transparency

High. Comparables available.

Offices

Singapore +65 6224 8181