THIS TENANCY AGREEMENT is entered into on 23 November 2024

Between

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the "Landlord")

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the "Tenant")

Whereas

The Landlord shall let and the Tenant shall take the Premises for the Term of Tenancy (as defined below) with details as more particularly described in the Schedule and both parties agree to observe and perform the terms and conditions as follows: 

1. Tenancy 

The Landlord hereby agrees to lease ADDRESS (the “Premises”) and the fixtures, fittings, and equipment therein (as per Schedule, if any) in clean and tenantable condition to the Tenant for commercial purpose. The total area is AREA.

2. Term of Tenancy

2.1 The above Premises is hereby leased for a term of TERM months, commencing on COMMENCEMENT_DATE and expiring on END_DATE. 

2.2 On the expiry of this Tenancy, the Landlord has the right to take back the Premises in full, and the Tenant must deliver vacant possession of the Premises on the date of expiry. If the Tenant wishes to extend the Tenancy, The Tenant shall have the priority to renew the Tenancy and is required to give written notice to the Landlord two months prior to the expiry of this Tenancy, the revised rental should be negotiated between the two parties. The Landlord has the right to lease to a third party if they cannot agree on rental or other terms one month prior to expiry.

2.3 Provided the Tenant shall have paid the Rent and other outgoings on the days and in the manner herein provided and observe and perform the terms and conditions herein contained and on the Tenant's part to be observed and performed, the Tenant shall peacefully hold and enjoy the Premises during the Term of Tenancy without any interruption by the Landlord.

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