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Master Lease Agreement
"I need a Master Lease Agreement under Irish law for a retail company planning to lease multiple store locations across Ireland, with specific provisions for fit-out works and the ability to add new properties gradually throughout 2025."
1. Parties: Identification of the lessor and lessee, including full legal names and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the master lease arrangement
3. Definitions: Detailed definitions of terms used throughout the agreement, including financial terms, property-related terms, and general contractual terminology
4. Scope of Agreement: Framework for how individual leases will be created under this master agreement
5. Lease Process: Procedures for requesting, documenting and executing individual leases under the master agreement
6. Term and Renewal: Duration of the master agreement and processes for renewal or extension
7. Rent and Payment Terms: General framework for rent determination, payment methods, and timing
8. Security Deposits: Requirements and handling of security deposits for individual leases
9. Maintenance and Repairs: General obligations regarding property maintenance and repair responsibilities
10. Insurance Requirements: Required insurance coverage for both parties
11. Default and Remedies: Events of default and available remedies for both parties
12. Termination: Conditions and procedures for termination of the master agreement
13. Assignment and Subletting: Rules and procedures regarding assignment and subletting of individual leases
14. Notices: Methods and requirements for formal communications between parties
15. Governing Law: Specification of Irish law as governing law and jurisdiction
16. General Provisions: Standard boilerplate provisions including severability, entire agreement, and amendments
1. Environmental Compliance: Required for properties where environmental regulations are particularly relevant, such as industrial or commercial properties
2. Fit-Out Works: For commercial properties where tenant improvements or modifications may be needed
3. Service Charges: For multi-tenant properties or where common areas and services are provided
4. Break Options: Where early termination rights are to be included for individual leases
5. Change of Control: For corporate tenants where ownership changes might affect the lease relationship
6. Force Majeure: Detailed provisions for handling extraordinary events that may affect lease obligations
7. Green Lease Provisions: For properties with environmental certifications or sustainability requirements
8. Multi-Location Provisions: When the agreement covers multiple properties or locations
1. Schedule 1 - Property Categories: Categories and types of properties that may be leased under the agreement
2. Schedule 2 - Form of Individual Lease: Template or standard form for individual leases to be executed under the master agreement
3. Schedule 3 - Rent Calculation Methodology: Detailed methodology for calculating rent for different property types or categories
4. Schedule 4 - Service Level Requirements: Standards for property maintenance and services
5. Schedule 5 - Insurance Requirements: Detailed insurance requirements including types of coverage and minimum limits
6. Schedule 6 - Permitted Uses: Approved uses for different categories of properties
7. Appendix A - Property Condition Report Template: Standard format for documenting property condition at lease commencement
8. Appendix B - Key Performance Indicators: Metrics for measuring compliance with agreement terms
9. Appendix C - Contact Details: Key contacts for both parties for different aspects of the agreement
Authors
Real Estate
Retail
Commercial Property
Industrial
Hospitality
Healthcare
Education
Financial Services
Technology
Manufacturing
Logistics
Warehousing
Professional Services
Energy
Legal
Real Estate
Operations
Finance
Facilities Management
Risk Management
Procurement
Corporate Development
Property Management
Asset Management
Administration
Compliance
Chief Executive Officer
Chief Financial Officer
Head of Real Estate
Property Manager
Facilities Manager
Legal Counsel
Commercial Director
Operations Director
Asset Manager
Real Estate Director
Risk Manager
Procurement Manager
Estate Manager
Property Portfolio Manager
Lease Administrator
Corporate Real Estate Manager
Expansion Director
Regional Property Manager
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