Singapore Vehicle Lease Agreement Template
- Roger Pay
- 17 hours ago
- 6 min read
Singapore Vehicle Lease Agreement Template
Here is a standard, sample vehicle lease agreement template tailored for Singapore. It covers the essential legal and practical clauses required by local regulations (such as LTA compliance, insurance, and maintenance responsibilities).
You can copy and adapt this template to fit your specific needs.
VEHICLE HIRE PURCHASE / LEASE AGREEMENT
THIS AGREEMENT is made on this ______ day of ________________, 2026.
BETWEEN:
THE LESSOR: _______________________________________ (Company/Individual Name)
UEN / NRIC No: _______________________________________
Address: ______________________________________________________________________
AND
THE LESSEE: _______________________________________ (Company/Individual Name)
UEN / NRIC No: _______________________________________
Address: ______________________________________________________________________
1. THE VEHICLE
The Lessor agrees to lease and the Lessee agrees to take on hire the vehicle described below (the "Vehicle"):
Vehicle Registration No: ___________________________
Make & Model: ___________________________
Engine / Chassis No: ___________________________
Year of Manufacture: ___________________________
2. TERM AND RENTAL FEES
Lease Period: A fixed term of ________ months, commencing on ______________ (Commencement Date) and expiring on ______________ (Expiry Date).
Monthly Rental: SGD $___________ per month, payable in advance on the ______ day of each calendar month.
Security Deposit: SGD $___________ payable upon signing this Agreement. This deposit is refundable upon the safe return of the Vehicle, minus any deductions for damages, outstanding fines, or unpaid rental.
3. LESSOR’S OBLIGATIONS
The Lessor shall be responsible for:
Road Tax & COE: Maintaining valid road tax and Certificate of Entitlement (COE) throughout the lease term.
Routine Maintenance: Covering costs for scheduled servicing and wear-and-tear repairs (e.g., engine oil changes), provided the Vehicle is brought to the Lessor’s authorized workshop.
4. LESSEE’S OBLIGATIONS & USAGE RESTRICTIONS
The Lessee agrees and covenants that:
Permitted Drivers: The Vehicle shall only be driven by the Lessee or authorized drivers possessing a valid Singapore driving license (Class 3/3A) with a minimum of ____ years of driving experience.
Geographical Limits: The Vehicle shall be driven only within the mainland of Singapore.
Optional: [ ] The Vehicle is permitted to enter Malaysia, subject to prior written consent and additional insurance coverage.
Fines and Tolls: The Lessee is solely responsible for all parking fines, ERP charges, speeding tickets, and traffic offenses incurred during the lease term.
Prohibited Uses: The Vehicle shall not be used for illegal activities, racing, sub-letting, or as an unlicensed private hire vehicle (e.g., Grab/Gojek without commercial insurance).
5. INSURANCE AND ACCIDENTS
Coverage: The Lessor provides comprehensive motor insurance for the Vehicle.
Insurance Excess: In the event of any accident or damage, the Lessee shall be liable to pay the insurance excess up to SGD $___________ per claim (or SGD $___________ for Malaysia extensions, if applicable).
Reporting: The Lessee must report any accident to the Lessor within 24 hours and file a police report or GIA (General Insurance Association) report where required by Singapore law. Failure to do so may void the insurance coverage, making the Lessee liable for the full cost of repairs.
6. TERMINATION & VEHICLE RETURN
Early Termination: If the Lessee terminates this Agreement before the Expiry Date, the Security Deposit shall be forfeited, and the Lessee may be liable for ____% of the remaining rental months as liquidated damages.
Return Condition: Upon expiry or termination, the Vehicle must be returned to the Lessor’s designated address in a clean condition, with a full tank of fuel (or matching the fuel level at handover), and free from mechanical defects beyond normal wear and tear.
AS WITNESS WHEREOF, the parties hereto have set their hands the day and year first above written.
_____________________________________ _____________________________________
SIGNED by the LESSOR SIGNED by the LESSEE
Name: Name:
Designation: Designation:
Date: Date:
Schedule A: Vehicle Handover Checklist
(To be filled out and signed by both parties on the day of delivery)
Item | Condition (Good/Damaged/Remarks) |
Exterior Bodywork & Paint | |
Windscreen & Windows | |
Tyre Condition & Tread | |
Interior Upholstery & Cleanliness | |
Fuel Level Indicator | [ ] Full / [ ] ________ % |
Spare Tyre & Tool Kit | [ ] Present / [ ] N/A |
Need specific clauses for commercial use or private hire (Grab) tracking?
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