Guidelines for Transfer of Tenancy
- JTC has not commenced any legal action against you
- You currently do not have any outstanding rent or monies to be settled with JTC
- You are not in breach of any term, condition or covenant of the tenancy or lease agreement
- You are not carrying out any open land/unauthorised subletting
- The transfer of tenancy is carried out in accordance to JTC’s allowable scenarios
- You maintain more than or equal to 51% shareholding in the transferee (buyer)
- There is no subtenant or all subtenants are to be transferred to the transferee (buyer)
- You comply with other Government Agencies' rules and regulations (e.g. URA's 60:40 usage quantum)
- Your existing usage and the buyer’s proposed usage is Industrial/Warehousing and is not within the list of activities that has potential to cause land pollution (Annex 11)
- The transferee’s (buyer’s) proposed usage is compatible with JTC's usage zoning/URA's land use zoning, does not comprise of dormitories and is not within our Negative List & Further Assessment List (Annex 1)
- There is no change of use from warehousing to non-warehousing
The information listed above is to be used as a reference only. All applications are subject to final approval by JTC at JTC's discretion (including any terms and conditions that JTC may in its discretion impose with such final approval).
Notwithstanding any of the foregoing, JTC shall have the sole and exclusive right to receive, process and approve all applications according to such qualifying criteria as it deems fit and may at its discretion, reject any application or terminate your use of the website services as appropriate.
We retain the right, at our discretion, to modify, delete, edit or withdraw any part, component or all of the online request facilities at any time, or stop, restrict or suspend the same in relation to you or any other user(s) without being liable for any costs, expenses, losses and/or damages incurred by you or any other user(s) whatsoever.