The Billboard Lease Agreement is essential for commercial property owners and advertising companies operating in Malaysia who wish to establish a legal framework for outdoor advertising installations. This document is particularly important given Malaysia's strict regulatory environment for outdoor advertising and property usage. The agreement addresses key aspects required by Malaysian law, including local authority permits, structural requirements, and advertising standards compliance. It is commonly used when a property owner wishes to monetize their property by leasing space for billboard installation, or when an advertising company seeks to expand its outdoor advertising network. The Billboard Lease Agreement must comply with various Malaysian regulations including the Local Government Act 1976, Town and Country Planning Act 1976, and local authority by-laws governing outdoor advertising.
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1. Parties: Identification of the lessor (property owner) and lessee (billboard operator), including full legal names and registration details
2. Background: Context of the agreement, including property ownership confirmation and intent to lease space for billboard installation
3. Definitions: Key terms used throughout the agreement including Billboard, Premises, Commencement Date, Lease Term, Rent, etc.
4. Grant of Lease: Specific details of the lease, including the exact location and space being leased for the billboard
5. Term and Renewal: Duration of the lease and conditions for renewal
6. Rent and Payment Terms: Amount, payment schedule, and method of rent payment
7. Permits and Compliance: Requirements for obtaining and maintaining necessary permits and compliance with local regulations
8. Installation and Maintenance: Responsibilities for billboard installation, maintenance, and repair
9. Insurance and Liability: Insurance requirements and allocation of risks between parties
10. Termination: Conditions and procedures for early termination of the lease
11. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Digital Billboard Provisions: Specific terms for digital billboards, including operating hours and content rotation
2. Revenue Sharing: Terms for sharing advertising revenue if agreed between parties
3. Electricity and Utilities: Responsibilities for utility connections and payments, particularly relevant for illuminated or digital billboards
4. Environmental Impact: Special provisions for environmental protection and light pollution control
5. Change of Ownership: Procedures in case of property ownership change
6. Force Majeure: Provisions for unforeseen circumstances affecting billboard operation
7. Assignment and Subletting: Terms regarding the transfer of lease rights or subletting advertising space
1. Schedule 1 - Property Description: Detailed description of the property and specific location for billboard installation
2. Schedule 2 - Billboard Specifications: Technical specifications including dimensions, materials, and construction details
3. Schedule 3 - Rent Schedule: Detailed breakdown of rent payments and escalation terms
4. Schedule 4 - Maintenance Schedule: Specific maintenance requirements and schedules
5. Schedule 5 - Required Permits: List of required permits and licenses with compliance requirements
6. Appendix A - Site Plans: Technical drawings showing billboard location and installation details
7. Appendix B - Insurance Requirements: Detailed insurance specifications and coverage requirements
Relevant legal definitions
Clauses
Relevant Industries
Advertising and Marketing
Real Estate and Property
Retail
Media and Entertainment
Construction
Commercial Property Management
Outdoor Advertising
Urban Development
Relevant Teams
Legal
Real Estate
Property Management
Operations
Facilities Management
Commercial Development
Advertising and Marketing
Compliance
Business Development
Asset Management
Contract Administration
Relevant Roles
Property Manager
Real Estate Manager
Advertising Director
Legal Counsel
Operations Manager
Facilities Manager
Commercial Lease Manager
Outdoor Media Manager
Compliance Officer
Business Development Manager
Asset Manager
Contract Administrator
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