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Memorandum Of Agreement For The Use Of Property
"I need a Memorandum of Agreement for the Use of Property for allowing a retail company to use part of my commercial building in Mumbai for their warehouse operations from March 2025 to December 2025, with specific provisions for 24/7 access and loading bay usage."
1. Parties: Identifies and provides full details of all parties involved in the agreement
2. Background: Provides context and explains the circumstances leading to the agreement
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Property Details: Detailed description of the property including address, boundaries, and registration details
5. Purpose of Use: Specifies the permitted uses of the property and any restrictions
6. Duration: Specifies the term of the agreement, including start and end dates
7. Fees and Payments: Details any fees, charges, or considerations for the use of property
8. Rights and Obligations: Outlines the specific rights and responsibilities of each party
9. Maintenance and Repairs: Specifies responsibilities for property maintenance and repairs
10. Insurance and Liability: Details insurance requirements and allocation of risks
11. Termination: Conditions and procedures for terminating the agreement
12. Governing Law: Specifies that Indian law governs the agreement
13. Dispute Resolution: Procedures for resolving disputes between parties
14. Notices: Specifies how formal communications between parties should be made
15. Entire Agreement: Confirms this document represents the complete agreement between parties
1. Utilities and Services: Details responsibility for utility payments and services - include when property use involves utility consumption
2. Alterations and Improvements: Rules regarding modifications to the property - include when improvements or alterations might be needed
3. Assignment and Subletting: Rules about transferring rights or allowing others to use the property - include when these possibilities need to be addressed
4. Force Majeure: Provisions for unforeseen circumstances - include when long-term or high-value agreements are involved
5. Environmental Compliance: Environmental obligations and compliance requirements - include when property use might have environmental impacts
6. Security Deposit: Details about security deposit amount and terms - include when monetary security is required
7. Access Rights: Specific provisions about access to the property - include when multiple parties need access or when access needs to be restricted
1. Schedule A - Property Description: Detailed technical description of the property including measurements, boundaries, and maps
2. Schedule B - Inventory: List of fixtures, fittings, or equipment included in the property use agreement
3. Schedule C - Payment Schedule: Detailed breakdown of all payments, including amounts and due dates
4. Schedule D - Maintenance Schedule: Detailed maintenance responsibilities and schedules for both parties
5. Schedule E - Permitted Uses: Comprehensive list of permitted activities and specific restrictions on property use
6. Appendix 1 - Property Documents: Copies of property ownership documents, tax receipts, and other relevant certificates
7. Appendix 2 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
Authors
Real Estate
Education
Healthcare
Retail
Manufacturing
Hospitality
Technology
Religious Organizations
Non-Profit
Government
Agriculture
Warehousing and Logistics
Entertainment and Events
Sports and Recreation
Legal
Facilities Management
Operations
Administration
Real Estate
Compliance
Finance
Risk Management
Property Management
Asset Management
Corporate Services
Property Manager
Facilities Manager
Real Estate Manager
Legal Counsel
Operations Manager
Administrative Officer
Business Development Manager
Contract Manager
Compliance Officer
Estate Manager
Asset Manager
Site Supervisor
Company Secretary
Chief Financial Officer
Risk Manager
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