The short answer
A Singapore shophouse commercial lease should clearly set the term and renewal option, rent and review mechanism, deposit, permitted use, repair and reinstatement duties, and who is responsible for approvals. Conservation status adds obligations around the façade and alterations, so have a lawyer review the lease before signing.
- Core terms
- Term, rent review, deposit, use, break
- Conservation extras
- Alterations, reinstatement, signage
- Stamp duty
- Assessed by IRAS; split is negotiated
- Get advice
- Lawyer review before signing
Last reviewed 2026-11-05. Rules and fees change; confirm with the relevant agency before committing to a lease or fit-out.
Core commercial terms
| Clause | What to check | Typical negotiation point |
|---|---|---|
| Term and renewal | Fixed term, option to renew, notice period | Longer term for fit-out payback |
| Rent and review | Fixed steps or market review; GST treatment | Cap on increases at renewal |
| Security deposit | Amount and refund conditions | Deposit is commonly expressed in months of rent; amount is negotiable |
| Rent-free period | Fit-out months before rent starts | Linked to scale of works |
| Permitted use | Exact use stated in the lease | Conditional on approvals |
| Break clause | Who may terminate, when, penalty | Tenant break after initial years |
| Assignment and subletting | Landlord consent rules | Consent not unreasonably withheld |

Conservation-specific clauses
- Alterations: any work affecting the façade, roof or structure needs landlord and URA approval first.
- Reinstatement: whether you must restore original features and layout at lease end.
- Signage: placement rights and URA advertisement approvals.
- Base-building compliance: who pays for fire safety and structural works the authorities require.
- Condition schedule: record existing defects with photographs at handover.
Allocate every approval in writing: who applies, who pays, and what happens if it is refused.
Tenancy versus lease, and registration
In practice both words are used for rental agreements. Longer leases are typically documented by deed and may need registration, and stamp duty applies to leases through IRAS. Your lawyer will advise on the formalities for the lease term you agree, and the split of stamp duty is negotiable.

Sources and where to verify
- Inland Revenue Authority of Singapore (IRAS)
- Urban Redevelopment Authority (URA)
- Singapore Civil Defence Force (SCDF)
See also our shophouses for rent hub and the commercial shophouse permitted uses overview.
