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Lease And License Agreement
1. Parties: Identification and details of the lessor/licensor and lessee/licensee
2. Background: Context of the agreement and brief description of the property and licensed rights
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the leased property and its boundaries
5. Grant of Lease and License: Formal grant of lease rights and any associated licenses
6. Term and Commencement: Duration of the agreement and commencement date
7. Rent and License Fees: Payment terms, amounts, and adjustment mechanisms
8. Deposit and Prepayments: Security deposit requirements and any advance payments
9. Use of Property: Permitted uses and restrictions on property use
10. Maintenance and Repairs: Responsibilities for maintenance, repairs, and replacements
11. Utilities and Services: Provisions regarding utilities, services, and associated costs
12. Insurance: Required insurance coverage and obligations
13. Assignment and Subletting: Rights and restrictions regarding transfer of rights
14. Termination: Grounds for termination and procedure
15. Liability and Indemnification: Allocation of risks and indemnification obligations
16. Governing Law and Jurisdiction: Applicable law and dispute resolution provisions
1. Fit-out Works: Details of any permitted or required tenant improvements - include when premises require modification
2. Environmental Provisions: Specific environmental obligations - include for industrial or environmentally sensitive properties
3. Operating Hours: Restrictions on hours of operation - include for retail or commercial properties
4. Signage Rights: Rights and restrictions regarding exterior and interior signage - include for commercial properties
5. Common Areas: Rights and obligations regarding shared facilities - include for multi-tenant buildings
6. Parking: Allocation and rules for parking spaces - include when parking is relevant
7. Option to Renew: Terms for lease renewal - include when offering renewal rights
8. Right of First Refusal: Rights to match third-party offers - include when agreed
9. Force Majeure: Provisions for unforeseen circumstances - include for longer-term agreements
10. Green Lease Provisions: Environmental sustainability requirements - include for green buildings or when parties desire
1. Floor Plan: Detailed plans showing the leased premises
2. Rent Schedule: Detailed breakdown of rent payments and escalations
3. Service Charge Schedule: Breakdown of service charges and calculation method
4. Condition Report: Documentation of property condition at lease commencement
5. Building Rules: General rules and regulations for the property
6. Fit-out Specifications: Technical specifications for any permitted modifications
7. Utilities Schedule: Details of utility arrangements and responsibilities
8. Insurance Requirements: Detailed insurance specifications
9. Maintenance Schedule: Detailed maintenance responsibilities and standards
10. Licensed Rights Schedule: Detailed description of any licensed intellectual property or rights
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