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Lease Contract Agreement
"I need a Lease Contract Agreement for a commercial property in Tsim Sha Tsui, Hong Kong, starting from March 1, 2025, with specific provisions for restaurant use, including renovation allowances and outdoor seating arrangements."
1. Parties: Identification and details of the landlord and tenant, including ID/company numbers and addresses
2. Background: Brief context of the lease arrangement and property ownership
3. Definitions: Key terms used throughout the agreement including Property, Term, Rent, and other relevant definitions
4. Demise: Formal grant of the lease and description of the leased premises
5. Term: Duration of the lease, including start and end dates
6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and late payment provisions
7. Deposit: Security deposit amount, terms of holding and return conditions
8. Utilities and Charges: Responsibility for utilities, management fees, and other charges
9. Use of Premises: Permitted use of the property and any restrictions
10. Maintenance and Repairs: Responsibilities of landlord and tenant for maintenance and repairs
11. Insurance: Required insurance coverage and responsibilities
12. Landlord's Covenants: Obligations and promises of the landlord
13. Tenant's Covenants: Obligations and promises of the tenant
14. Termination: Grounds and procedures for early termination
15. Notices: Process for serving notices between parties
16. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction
1. Option to Renew: Terms for lease renewal, used when offering tenant the option to extend the lease
2. Break Clause: Provisions allowing early termination under specific conditions
3. Renovation and Alterations: Detailed terms for premises modifications, used particularly in commercial leases
4. Sub-letting and Assignment: Terms regarding transfer of lease rights, typically for commercial properties
5. Property Management: Specific rules relating to building management, relevant for properties in managed buildings
6. Special Provisions for Commercial Use: Additional terms for business operations, used in commercial leases
7. Guarantor Provisions: Terms relating to lease guarantors, used when additional security is required
8. Green Lease Provisions: Environmental and sustainability requirements, used in modern commercial leases
1. Schedule 1 - Property Description: Detailed description of the premises including floor plan and boundaries
2. Schedule 2 - Inventory and Condition: List and condition of fixtures, fittings, and furniture included in the lease
3. Schedule 3 - House Rules: Building management rules and regulations
4. Schedule 4 - Rent Payment Schedule: Detailed breakdown of rent payments and due dates
5. Schedule 5 - Utility Agreements: Details of utility arrangements and payment responsibilities
6. Appendix A - Handover Form: Property condition checklist for move-in and move-out
7. Appendix B - Fitting-Out Guidelines: Guidelines for any permitted renovations or alterations
8. Appendix C - Required Permits: Copies of relevant permits and certificates
Authors
Real Estate
Residential Property
Commercial Property
Retail
Office Space
Industrial Property
Hospitality
Property Management
Legal Services
Legal
Real Estate
Property Management
Facilities Management
Operations
Compliance
Administrative Services
Asset Management
Leasing
Risk Management
Property Manager
Real Estate Agent
Legal Counsel
Property Administrator
Facilities Manager
Leasing Manager
Asset Manager
Property Owner
Building Manager
Compliance Officer
Real Estate Director
Operations Manager
Contract Administrator
Estate Agent
Property Consultant
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