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Preliminary Lease Agreement
"I need a Preliminary Lease Agreement for a commercial property in Zurich, where the tenant will be undertaking significant renovations before moving in on March 1, 2025, and we need to include detailed conditions about the renovation approval process and timeline."
1. Parties: Identification of the potential landlord and tenant, including full legal names, addresses, and registration details for legal entities
2. Background: Context of the preliminary agreement, including property details and parties' intentions
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Final Lease', 'Commencement Date'
4. Purpose and Scope: Clear statement that this is a preliminary agreement and its relationship to the intended final lease
5. Property Description: Basic description of the property subject to the intended lease
6. Intended Lease Terms: Overview of key terms intended for the final lease (rent, duration, use)
7. Conditions Precedent: Conditions that must be met before proceeding to final lease agreement
8. Timeline: Schedule for negotiations, document preparation, and execution of final lease
9. Binding Provisions: Specifying which provisions are binding during preliminary period
10. Exclusivity Period: Period during which landlord cannot negotiate with other potential tenants
11. Costs and Expenses: Allocation of costs during preliminary period and for preparation of final lease
12. Termination: Circumstances under which preliminary agreement can be terminated
13. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction
1. Deposit Arrangements: Required if any deposit or guarantee is to be provided during preliminary period
2. Renovation/Fit-out Works: Include if property requires renovation or tenant fit-out before lease commencement
3. Due Diligence: Include if tenant requires period for property inspection or document review
4. Broker Provisions: Required if real estate agents or brokers are involved
5. Regulatory Approvals: Include if lease requires specific permits or regulatory clearances
6. Environmental Matters: Include for properties with potential environmental concerns or requirements
7. Assignment/Subletting: Include if preliminary rights may need to be transferred
8. Force Majeure: Include if specific events might affect timeline to final lease
1. Property Details: Detailed description of property, including plans and photographs
2. Intended Commercial Terms: Draft of key commercial terms for final lease
3. Timeline: Detailed timeline for steps to final lease execution
4. Due Diligence Requirements: List of documents and inspections required
5. Form of Final Lease: Draft or outline of intended final lease agreement
6. Current Property Condition: Documentation of property condition at preliminary agreement stage
7. Required Approvals: List of required permits, consents, and regulatory approvals
Authors
Real Estate
Commercial Property
Retail
Hospitality
Industrial
Office Space
Residential Property
Manufacturing
Healthcare
Education
Banking and Financial Services
Logistics and Warehousing
Legal
Real Estate
Facilities Management
Finance
Operations
Risk Management
Commercial
Corporate Services
Administration
Business Development
Real Estate Manager
Property Manager
Legal Counsel
Corporate Lawyer
Facilities Manager
Commercial Director
Chief Financial Officer
Real Estate Director
Asset Manager
Operations Manager
Leasing Manager
Contract Manager
Risk Manager
Company Secretary
Business Development Manager
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