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Long Term Lease Agreement
"I need a Long Term Lease Agreement for a retail space in Zurich's financial district, starting March 1, 2025, with specific provisions for extensive fit-out works and 24/7 access requirements for our banking operations."
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 arrangement and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the leased premises, including address, size, and included facilities
5. Term and Commencement: Duration of the lease, start date, and any renewal options
6. Rent and Other Charges: Rent amount, payment terms, indexation, and additional charges (heating, utilities, etc.)
7. Security Deposit: Details of the required security deposit and its management
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 and Liability: Required insurance coverage and liability provisions
11. Landlord's Obligations: Specific duties and responsibilities of the landlord
12. Tenant's Obligations: Specific duties and responsibilities of the tenant
13. Assignment and Subletting: Rules regarding assignment of the lease or subletting the property
14. Termination: Conditions and procedures for termination of the lease
15. Final Provisions: Governing law, jurisdiction, and formal requirements for notices
1. Fit-out Works: Include when tenant improvements or initial fit-out works are planned
2. Operating Costs: Detailed section for commercial properties with complex service charge arrangements
3. Green Lease Provisions: Environmental and sustainability obligations, increasingly common in modern leases
4. Break Options: Include when early termination rights are granted to either party
5. Parking: Include when parking spaces are part of the lease
6. Common Areas: Required for properties with shared facilities or in multi-tenant buildings
7. Special Use Provisions: For specific types of businesses or regulated activities
8. Force Majeure: Detailed provisions for unforeseen circumstances, particularly relevant post-COVID
9. Building Rules: Include when there are specific building regulations or community rules
1. Floor Plan: Detailed plan showing the leased premises and any exclusive/common areas
2. Inventory List: Detailed list of any furniture, fixtures, and equipment included in the lease
3. Handover Protocol: Template for recording the condition of the property at the start of the lease
4. House Rules: Building regulations and community rules
5. Maintenance Schedule: Detailed breakdown of maintenance responsibilities between parties
6. Rent Calculation: Breakdown of rent, including indexation formula and additional charges
7. Insurance Requirements: Detailed specifications of required insurance coverage
8. Fit-out Specifications: Technical requirements and standards for any tenant improvements
9. Utility Agreements: Details of utility arrangements and payment responsibilities
Authors
Real Estate
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Manufacturing
Logistics
Technology
Banking & Financial Services
Professional Services
Legal
Real Estate
Facilities Management
Finance
Operations
Risk & Compliance
Property Management
Asset Management
Business Development
Administration
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Real Estate Director
Chief Financial Officer
Operations Manager
Asset Manager
Lease Administrator
Commercial Director
Property Administrator
Risk Manager
Compliance Officer
Real Estate Agent
Business Development Manager
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