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Vendor Lease Agreement
"I need a Vendor Lease Agreement for a food court kiosk in a Mumbai shopping mall, starting January 2025, with specific provisions for cooking equipment installation and waste management, including both fixed rent and 5% revenue share component."
1. Parties: Identification of lessor and vendor-lessee with complete details including registration numbers and addresses
2. Background: Context of the agreement, property description, and intended use as vendor space
3. Definitions: Definitions of key terms used throughout the agreement including Premises, Permitted Use, Common Areas, etc.
4. Lease Grant: Formal grant of lease and specification of the leased area
5. Term and Renewal: Duration of lease, commencement date, and renewal terms
6. Rent and Security Deposit: Rent amount, payment schedule, security deposit details, and escalation terms
7. Permitted Use: Specific allowed business activities and operational restrictions
8. Maintenance and Repairs: Responsibilities of both parties regarding maintenance and repairs
9. Utilities and Common Area Charges: Payment responsibilities for utilities and common area maintenance
10. Compliance with Laws: Obligation to comply with relevant laws, licenses, and permits
11. Insurance: Required insurance coverage and liability provisions
12. Assignment and Subletting: Restrictions on transfer of lease rights
13. Termination: Grounds and procedure for termination
14. Governing Law and Dispute Resolution: Applicable law and dispute resolution mechanism
1. Fit-out Period: Terms for initial setup period, applicable when vendor needs to set up infrastructure
2. Revenue Share: Include when agreement includes revenue sharing component besides fixed rent
3. Exclusivity: Terms preventing landlord from leasing to competing vendors, if negotiated
4. Marketing and Signage: Rules for advertising and signage if relevant to the location
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
6. Environmental Compliance: Specific environmental obligations, particularly relevant for food vendors
7. Operating Hours: Mandatory operating hours if required by location
8. Right of First Refusal: Option for vendor to lease additional space, if negotiated
1. Schedule A - Premises Plan: Detailed plan showing leased area, measurements, and location within property
2. Schedule B - Rent Schedule: Detailed breakdown of rent, escalations, and payment milestones
3. Schedule C - Facilities and Services: List of facilities provided and associated charges
4. Schedule D - Fit-out Guidelines: Technical specifications and guidelines for premises fit-out
5. Schedule E - House Rules: Property rules and regulations to be followed by vendor
6. Appendix 1 - Required Licenses: List of mandatory licenses and permits for vendor operation
7. Appendix 2 - Handover Checklist: Checklist for premises handover and return conditions
8. Appendix 3 - Insurance Requirements: Detailed insurance requirements and coverage limits
Authors
Retail
Food and Beverage
Commercial Real Estate
Shopping Centers and Malls
Entertainment
Hospitality
Services
Kiosks and Pop-up Retail
Market Complexes
Transportation Hubs
Legal
Real Estate
Operations
Facilities Management
Commercial Leasing
Property Management
Vendor Management
Compliance
Business Development
Contract Administration
Property Manager
Leasing Manager
Commercial Real Estate Manager
Facility Manager
Legal Counsel
Operations Manager
Retail Manager
Business Development Manager
Contract Administrator
Compliance Officer
Real Estate Director
Vendor Relations Manager
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