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5 Year Lease Agreement
"I need a 5 Year Lease Agreement for a commercial property in Zurich's financial district, starting March 1, 2025, with specific provisions for IT infrastructure and 24/7 access for a fintech company, including options for early termination after the third year."
1. Parties: Identification and details of the landlord and tenant, including full legal names, addresses, and registration details if companies
2. Background: Context of the lease agreement, including brief description of the property and purpose of the lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the leased property, including address, size, and included facilities
5. Term and Commencement: Specification of the 5-year term, start date, and any conditions precedent
6. Rent and Other Charges: Rent amount, payment terms, indexation, and additional charges such as utilities and maintenance fees
7. Security Deposit: Amount, form, and conditions of the security deposit as per Swiss law
8. Use of Property: Permitted use of the property and any restrictions
9. Maintenance and Repairs: Responsibilities of both parties regarding maintenance, repairs, and renovations
10. Insurance: Required insurance coverage for both parties
11. Landlord's Obligations: Specific duties and responsibilities of the landlord
12. Tenant's Obligations: Specific duties and responsibilities of the tenant
13. Alterations and Improvements: Conditions for making changes to the property
14. Assignment and Subletting: Rules regarding transfer of lease rights or subletting
15. Termination: Conditions and procedures for early termination and end of lease
16. Return of Property: Conditions for returning the property at lease end
17. Notices: Methods and addresses for official communications
18. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction
19. Execution: Signature blocks and execution details
1. Break Clause: Optional provision allowing early termination under specific conditions - include for longer leases where flexibility might be needed
2. Service Charge: Detailed provisions for service charges - primarily for commercial properties or multi-tenant buildings
3. Environmental Matters: Specific environmental obligations and certifications - particularly relevant for commercial or industrial properties
4. Operating Hours: Restrictions on operating hours - relevant for commercial properties in residential areas
5. Signage Rights: Provisions for external signage - relevant for commercial properties
6. Parking: Specific provisions for parking spaces - include when parking is part of the lease
7. Common Areas: Rules for shared facilities - relevant for multi-tenant buildings
8. Fit-out Works: Provisions for initial tenant improvements - relevant for commercial leases requiring customization
9. Force Majeure: Provisions for unforeseen circumstances - increasingly common post-COVID
1. Schedule 1 - Property Plan: Detailed floor plans and property boundaries
2. Schedule 2 - Inventory: List of fixtures, fittings, and furniture included in the lease
3. Schedule 3 - Condition Report: Detailed description of property condition at lease commencement
4. Schedule 4 - House Rules: Building regulations and rules for multi-tenant properties
5. Schedule 5 - Utility Agreements: Details of utility arrangements and responsibilities
6. Schedule 6 - Maintenance Schedule: Detailed maintenance responsibilities and schedules
7. Schedule 7 - Rent Index Calculation: Method for calculating rent adjustments based on Swiss indexes
8. Appendix A - Required Insurance: Detailed insurance requirements for both parties
9. Appendix B - Form of Bank Guarantee: Template for bank guarantee if used as security deposit
Authors
Real Estate
Retail
Office Space
Industrial
Healthcare
Hospitality
Education
Technology
Manufacturing
Professional Services
Banking & Financial Services
Logistics & Warehousing
Legal
Real Estate
Facilities Management
Operations
Finance
Risk & Compliance
Property Management
Asset Management
Business Development
Administration
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Operations Director
Chief Financial Officer
Business Development Manager
Compliance Officer
Risk Manager
Asset Manager
Leasing Manager
Commercial Director
General Counsel
Real Estate Portfolio Manager
Branch Manager
Store Manager
Office Manager
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