Singapore Commercial Rent Increases
Understand how commercial rent reviews occur in Singapore, focusing on Base Rent plus GTO structures and the Lease Agreements for Retail Premises Act 2023.
Legal Disclaimer
This content is for general informational and educational purposes only. It does not constitute legal advice and should not be relied upon as such. Laws change frequently — always verify current regulations and consult a licensed attorney in your jurisdiction for advice specific to your situation. Landager is a property management platform, not a law firm.Information last verified: May 2026.
Singapore does not enforce rent control on commercial or retail properties. Rents are primarily dictated by market forces and the contractual terms negotiated between the parties. However, for retail tenants, the Lease Agreements for Retail Premises Act 2023, which came into effect on 1 February 2024, mandates adherence to a Code of Conduct that regulates rent structures and review mechanisms for qualifying retail premises.
Commercial Rent Review Process in national
Review Rent Clause
Check the specific rent review method in the commercial lease.
Calculate New Amount
Apply the agreed formula to calculate the adjusted rent.
Serve Written Notice
Provide written notice per the lease’s required notice period.
Commission Valuation if Needed
Obtain an independent market rent valuation for market review clauses.
Non-Retail Office & Industrial Rents
Leases for office and industrial properties are not governed by the Lease Agreements for Retail Premises Act 2023. These agreements are primarily dictated by the contractual terms and rent review mechanisms negotiated between the landlord and the tenant, typically involving fixed increases or market-based reviews at specified intervals.
The Retail "Base OR GTO" Rent Structure
Under the Lease Agreements for Retail Premises Act 2023, lease agreements for qualifying retail premises must comply with the leasing principles set out in the Code of Conduct (CoC). While the Act allows for permitted deviations from certain principles, these must be agreed upon by both parties and documented in a joint declaration of permitted deviation.
Rules Under the Lease Agreements for Retail Premises Act 2023
The Lease Agreements for Retail Premises Act 2023 (LARPA 2023) establishes the legal framework for retail leasing in Singapore. It mandates that landlords and tenants of qualifying retail premises adhere to the leasing principles set out in the Code of Conduct.
Prevention of Data Weaponization
The Act establishes the Fair Tenancy Industry Committee and mandates adherence to the Code of Conduct to ensure transparency and fairness in retail leasing. This framework governs how landlords and tenants interact during lease negotiations and renewals to ensure compliance with the established leasing principles.
No Unilateral Mid-Lease Adjustments
Lease agreements for qualifying retail premises must comply with the mandatory leasing principles in the Code of Conduct. Any deviations from these principles are only allowed if they are agreed upon by both the landlord and the tenant and are documented as permitted deviations under the Act.
For disputes regarding rent review or CoC compliance in retail leases, parties may seek recourse through authorised dispute resolution bodies for mediation or adjudication as provided under Part 4 of the Act.
Sources & Official References
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