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10 Year Lease Agreement
"I need a 10 Year Lease Agreement for our new Hong Kong office space, starting March 1, 2025, with standard terms and quarterly rent reviews - we're a technology company taking one floor in a Grade A office building in Central."
1. Parties: Identification of the landlord and tenant with full legal names and addresses
2. Background: Context of the lease agreement and brief description of the premises
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Formal grant of the lease, specifying the premises and term
5. Rent and Payment Terms: Rent amount, payment schedule, review mechanisms, and payment methods
6. Deposit and Advanced Payments: Details of security deposit and any advance rent requirements
7. Tenant Covenants: Tenant's obligations including maintenance, repair, usage restrictions, and compliance with regulations
8. Landlord Covenants: Landlord's obligations including structural repairs, insurance, and quiet enjoyment
9. Insurance: Insurance requirements for both parties
10. Assignment and Subletting: Conditions and restrictions on transfer of lease or subletting
11. Termination: Grounds for termination, notice requirements, and consequences
12. Renewal: Terms and conditions for lease renewal
13. Yielding Up: Conditions for returning the premises at lease end
14. Notices: Process for serving formal notices between parties
15. Governing Law: Confirmation of Hong Kong law governance and jurisdiction
1. Break Clause: Optional early termination rights - include if agreed by parties
2. Service Charge: Include if premises are part of a larger building with shared services
3. Green Lease Provisions: Environmental and sustainability obligations - include if parties agree to green initiatives
4. Rent Free Period: Include if any initial rent-free period is agreed
5. Alterations and Improvements: Include detailed provisions if tenant is permitted to make significant changes
6. Building Management: Include if premises are part of a managed building
7. Force Majeure: Include specific provisions for unforeseen circumstances, particularly relevant post-COVID
8. Guarantor Provisions: Include if a guarantor is required for the tenant's obligations
1. Schedule 1 - Property Description: Detailed description of premises including floor plans and boundaries
2. Schedule 2 - Rent Review Provisions: Detailed mechanism for periodic rent reviews
3. Schedule 3 - Service Charge Provisions: Breakdown of service charge calculations and included services
4. Schedule 4 - Condition Schedule: Detailed condition report of the premises at lease commencement
5. Schedule 5 - Permitted Use: Detailed description of allowed business activities and use restrictions
6. Schedule 6 - Fitting Out Guidelines: Specifications for tenant's initial fitting out works
7. Appendix A - Plans: Floor plans, location plans, and any relevant drawings
8. Appendix B - Inventory: List of landlord's fixtures and fittings included in the lease
Authors
Retail
Office Commercial
Industrial
Hospitality
Healthcare
Education
Financial Services
Technology
Manufacturing
Logistics
Professional Services
Entertainment
Food and Beverage
Telecommunications
Legal
Finance
Operations
Facilities Management
Real Estate
Risk and Compliance
Commercial
Business Development
Administration
Property Management
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Real Estate Director
Facilities Manager
Property Manager
Legal Counsel
Commercial Director
Operations Manager
Finance Manager
Business Development Manager
Asset Manager
Risk Manager
Compliance Officer
Property Lawyer
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