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  • Restaurant For Rent
    as air conditioning during office hours and management and maintenance of common areas The charge varies from building to building and it is between S 0 50 to S 1 20 per sq ft per month It generally covers the following Management fees Repairs to the buildingInsurance for public and fire risk Building and maintenance including water and electricity Security service Air conditioning during normal office hours The exact figure is specified in the lease but can change during the lease term At such there would be a clause in the agreement allowing Landlord to recover from tenant any increase of the service charge Property Tax Landlord is responsible to pay property tax Presently 10 of the annual assessed value is taxable and payable half yearly in advance There is usually a provision in the tenancy agreement to allow landlord to recover from tenant any increase in property tax attributable to the premises which may be levied by Inland Revenue Authority of Singapore during the lease term Fitting Out Cost Various factors determine costing Unit size layout complexity and quality of materials used and technical requirements of different business types affect company s budget Fitting out costs for all additions and alterations works furniture materials professional consultant s fees not including designers fees may be grouped as follows Low range S 30 to S 60 per sqft 320 to 650 per sqm Medium range S 70 to S 90 per sqft 750 to 970 per sqm High range S 100 per sqft 1 080 per sqm above For more accurate cost evaluation tenants are advised to seek expertise of office space interior designers and or architects They are responsible for submitting applications to relevant authorities for approval like URA BCA FSB etc Estimated Break Down Expenditures Est Sub total Per sqft 1 Fittings Fixtures Partitions gypsum board glass Wall Painting covering works Ceiling finishes Door Frame glass Flooring eg Carpet timber 30 9 2 System Furniture Work stations customise loose Storage filing cabinet Conference Area furniture Pantry equipment cabinet 30 9 3 Mechanical Electrical Services Work stations customise loose Storage filing cabinet Conference Area furniture Pantry equipment cabinet 30 9 4 Other Expenses Plumbing Works Blinds Planting Design Signage Consultancy Fees M E Architects Structural Insurance Initial Down payment 10 9 Estimated Total Cost 100 30 Fitting Out Time Frame The time taken for fitting out work depends on size of office space Up to 1 000 sqft 93 sqm 2 4 weeks 2 000 to 5 000 sqft 186 to 465 sqm 6 8 weeks 6 000 to 10 000 sqft 557 to 929 sqm 10 12 weeks Renovation Deposit Renovation deposit ranges from S 1000 to S 5000 is paid to the Landlord before any contractor s work can be carried out within the rented premises This is to defray any costs of rectifying any damages done to the building caused by tenant s contractors The renovation deposit is refundable upon completion of renovations less any deductions Office

    Original URL path: http://restaurantspace.sg/tenant-guide/ (2016-04-29)
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  • Rent or Purchase A Restaurant Space - Restaurant For Rent
    for Restaurant Lease Cost For Renovating A Restaurant Space Letter of Intent Letter of Offer Tenancy Agreement URA Change of Use Application NEA Food License Application Restaurant Renovation Latest News About Us Contact Why Should You Rent A Restaurant Space Instead of Buying Buying a restaurant space in Singapore can cost you a millions dollar For instance a shophouse along Tanjong Pagar Road with remaining 70 years leasehold could cost

    Original URL path: http://restaurantspace.sg/tenant-guide/why-you-should-rent-a-restaurant-space-instead-of-buying/ (2016-04-29)
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  • Rent A Restaurant: 3 Main Factors to Concern
    Contact Before You Decide to Rent a Restaurant Space There are a few factors that restaurant owners need to concern about before renting a restaurant space Firstly they have to find out the reason why the space is vacant Secondly they have to find out the space is workable for a restaurant Space without a grease trap exhaust trap and 3 phase power supply could cost 60k to upgrade You

    Original URL path: http://restaurantspace.sg/tenant-guide/before-you-decide-to-rent-a-restaurant-space/ (2016-04-29)
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  • Rental Negotiation
    Negotiation for Restaurant Lease Rental negotiation plays a crucial part in getting a better offer Many new tenants thought that rental negotiation is just about the amount of monthly rent In fact there are a few more factors that have to be considered in rental negotiation Of course landlord wants a higher rent but you want a lower rent Thus it is very common that both parties cannot compromise to final closing rent Therefore the other factors could help to achieve a win win situation for both parties For example fitting out period rent free numbers of year lease period of the restaurant vacant your business concept and your business profile Monthly Rental It depends on the location of the restaurant space you want to rent you may have quite a bit of room for negotiating your lease as well as your monthly rent payment If the location is a busy downtown sector that full of thriving businesses you may not have any wiggle room with a lease Fitting out period Not paying rent at all until the restaurant opens for business Numbers of year lease Long term or short term Pro rating rent You may pay a very low

    Original URL path: http://restaurantspace.sg/tenant-guide/rental-negotiation-for-restaurant-lease/ (2016-04-29)
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  • Cost For Renovating A Restaurant Space - Restaurant For Rent
    URA Change of Use Application NEA Food License Application Restaurant Renovation Latest News About Us Contact Possible cost of renovating a space for a new restaurant Upgrading of Power Supply Single phase to 3 phase 100Amps may cost you 15k 20k You may share the cost with your landlord because you are adding value to the property Installation of Exhaust Pipe Restaurant kitchens produce a lot of smoke thus ventilation

    Original URL path: http://restaurantspace.sg/tenant-guide/before-renting-a-restaurant-space/ (2016-04-29)
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  • Letter of Intent
    Purchase A Restaurant Space Before You Decide to Rent a Restaurant Space Rental Negotiation for Restaurant Lease Cost For Renovating A Restaurant Space Letter of Intent Letter of Offer Tenancy Agreement URA Change of Use Application NEA Food License Application Restaurant Renovation Latest News About Us Contact Letter of Intent LOI Letter of Intent LOI sample is very useful when you have found the restaurant space that you desired The first step you have to secure the premise is by submitting the letter of intent to the Landlord Letter of Intent is a document which outline agreements between landlord and tenant before the agreements are finalized LOI is presented by tenant to landlord and subsequently negotiated before signing a contract If carefully negotiated an LOI may serve to protect both parties to a transaction The letter of intent shall contain brief terms and conditions what the Tenant offers to the Landlord This is an opportunity for Landlord to profile the interested Tenant on how stable the company is whether it is a local or overseas set up in Singapore and the amount of their paid up capital The brief terms and conditions are Terms of Lease Monthly Rental Security Deposit

    Original URL path: http://restaurantspace.sg/letter-of-intent-sample/ (2016-04-29)
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  • Letter of Offer - Restaurant Space for Rent in Singapore
    Restaurant Space Before You Decide to Rent a Restaurant Space Rental Negotiation for Restaurant Lease Cost For Renovating A Restaurant Space Letter of Intent Letter of Offer Tenancy Agreement URA Change of Use Application NEA Food License Application Restaurant Renovation Latest News About Us Contact Letter of Offer LO Letter of Offer is issued when all the principal rental terms in the letter of intent are mutually agreed by both

    Original URL path: http://restaurantspace.sg/letter-of-offer-sample/ (2016-04-29)
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  • Tenancy Agreement - Restaurant For Rent in Singapore
    14 Central East District 20 Central North District 21 Central West District 22 West Tenant Guide Rent or Purchase A Restaurant Space Before You Decide to Rent a Restaurant Space Rental Negotiation for Restaurant Lease Cost For Renovating A Restaurant Space Letter of Intent Letter of Offer Tenancy Agreement URA Change of Use Application NEA Food License Application Restaurant Renovation Latest News About Us Contact Tenancy Agreement The Tenancy Agreement

    Original URL path: http://restaurantspace.sg/tenancy-agreement-sample/ (2016-04-29)
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