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Master Rental Agreement
"I need a Master Rental Agreement for a multi-story commercial building in Mumbai, where I'll be the landlord renting to IT companies with provisions for 24/7 operations and specific technical infrastructure requirements, starting from March 2025."
1. Parties: Identification and details of the lessor/landlord and lessee/tenant, including their legal status and contact information
2. Background: Context of the agreement, relationship between parties, and purpose of the rental arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Scope of Agreement: Overview of what is being rented and the general terms of the rental arrangement
5. Term and Renewal: Duration of the rental period, commencement date, and conditions for renewal
6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and other financial terms
7. Security Deposit: Amount, terms of holding, and conditions for refund of the security deposit
8. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
9. Utilities and Operating Expenses: Allocation of responsibility for utilities, taxes, and other operating costs
10. Use of Property: Permitted uses of the property and any restrictions
11. Insurance and Liability: Insurance requirements and allocation of risks between parties
12. Default and Remedies: Events of default and available remedies for both parties
13. Termination: Conditions and process for termination of the agreement
14. Notices: Process and requirements for formal communications between parties
15. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction over disputes
1. Sub-letting: Terms and conditions for sub-letting, if permitted
2. Fit-out and Alterations: Include when tenant is permitted to make modifications to the property
3. Force Majeure: Include for protection against unforeseen circumstances preventing performance
4. Environmental Compliance: Include for properties where environmental regulations are relevant
5. Property Management: Include when there's a separate property management company involved
6. Common Areas: Include for properties in multi-tenant buildings or complexes
7. Signage Rights: Include for commercial properties where tenant signage is relevant
8. Parking: Include when parking facilities are part of the rental arrangement
9. Assignment Rights: Include when assignment of the lease might be permitted
10. Green Building Compliance: Include for properties with specific environmental certifications
1. Schedule 1 - Property Details: Detailed description of the rental property, including floor plans and measurements
2. Schedule 2 - Rent Schedule: Detailed breakdown of rent payments, including any scheduled increases
3. Schedule 3 - Inventory List: List of fixtures, fittings, and furnishings included in the rental
4. Schedule 4 - Condition Report: Detailed report on the condition of the property at commencement
5. Schedule 5 - House Rules: Specific rules and regulations for use of the property
6. Schedule 6 - Maintenance Schedule: Detailed breakdown of maintenance responsibilities and schedules
7. Appendix A - Required Permits: Copies of necessary permits and certificates
8. Appendix B - Insurance Requirements: Detailed insurance specifications and requirements
9. Appendix C - Service Level Agreement: Standards for maintenance and service delivery if applicable
Authors
Real Estate
Commercial Property
Retail
Manufacturing
Information Technology
Healthcare
Hospitality
Education
Logistics
Banking and Financial Services
Professional Services
Industrial
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Corporate Services
Administration
Procurement
Property Management
Legal Counsel
Property Manager
Facilities Manager
Real Estate Director
Operations Manager
Chief Financial Officer
Compliance Officer
Asset Manager
Leasing Manager
Contract Administrator
Risk Manager
Property Development Manager
Corporate Services Manager
Regional Manager
Business Development Manager
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