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Contract For Rental Space
"I need a Contract For Rental Space for a commercial office space in downtown Toronto, starting March 1, 2025, with specific provisions for after-hours access and shared conference room facilities, compliant with Ontario commercial tenancy laws."
1. Parties: Identification and contact details of the landlord/lessor and tenant/lessee, including legal names and addresses
2. Background: Context of the agreement, including brief description of the property and purpose of the rental
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the rental space, including address, square footage, and included areas
5. Term and Renewal: Duration of the lease, commencement date, termination date, and renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and method of payment
7. Utilities and Services: Responsibility for utilities, maintenance services, and additional charges
8. Use of Premises: Permitted use of the rental space and any restrictions
9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
10. Insurance and Liability: Required insurance coverage and allocation of risks
11. Default and Remedies: Events of default and available remedies for both parties
12. Termination: Conditions and procedures for early termination
13. General Provisions: Standard legal provisions including notices, governing law, and entire agreement
1. Subletting and Assignment: Terms for subletting or assigning the lease to another party, used when these options are permitted
2. Parking: Details of parking arrangements, used when parking spaces are included
3. Common Areas: Rules and access rights for shared facilities, used in multi-tenant buildings
4. Alterations and Improvements: Terms for making changes to the space, used particularly in commercial leases
5. Security and Access: Details about security systems, access cards, and entry procedures, used in buildings with controlled access
6. Environmental Matters: Environmental obligations and restrictions, used especially for industrial or commercial properties
7. Operating Expenses: Details of additional costs beyond base rent, used in triple net leases
8. Signage: Rules regarding exterior and interior signage, used primarily in commercial leases
1. Schedule A - Floor Plan: Detailed floor plan of the rental space showing dimensions and layout
2. Schedule B - Rules and Regulations: Building rules, regulations, and policies
3. Schedule C - Maintenance Schedule: Detailed breakdown of maintenance responsibilities and schedules
4. Schedule D - Inventory List: List of furnished items or equipment included in the rental
5. Schedule E - Utility Specifications: Details of utility systems and service providers
6. Appendix 1 - Security Deposit Terms: Detailed terms regarding the security deposit, including use and return conditions
7. Appendix 2 - Insurance Requirements: Specific insurance requirements and coverage details
8. Appendix 3 - Move-in/Move-out Inspection Form: Standardized form for documenting property condition
Authors
Real Estate
Property Management
Commercial Real Estate
Residential Real Estate
Retail
Office Space
Industrial
Hospitality
Education
Healthcare
Storage and Warehousing
Entertainment
Food and Beverage
Legal
Real Estate
Facilities Management
Operations
Administration
Compliance
Property Management
Asset Management
Contract Management
Risk Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Leasing Agent
Real Estate Agent
Property Administrator
Asset Manager
Operations Manager
Contract Administrator
Real Estate Director
Compliance Officer
Building Manager
Tenant Relations Manager
Real Estate Paralegal
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