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Commercial Rental Agreement
"I need a Commercial Rental Agreement for a retail space in Lahore's Liberty Market, with a 5-year term starting March 1, 2025, including specific provisions for signage rights and extended operating hours during festival seasons."
1. Parties: Identification of the landlord and tenant with complete legal names, addresses, and registration details if companies
2. Background: Context of the agreement including brief property description and intended use
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Demised Premises: Detailed description of the rented property including boundaries and measurements
5. Term and Renewal: Duration of lease, commencement date, and renewal terms
6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and payment methods
7. Utilities and Operating Expenses: Responsibility for utilities, maintenance charges, and other operating costs
8. Use of Premises: Permitted business activities and restrictions on use
9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
10. Insurance: Required insurance coverage for both parties
11. Default and Remedies: Events of default and available remedies for both parties
12. Termination: Conditions and process for early termination
13. Assignment and Subletting: Rules regarding transfer of lease rights or subletting
14. Governing Law: Applicable laws and jurisdiction
15. Notices: Process for formal communications between parties
16. Execution: Signature blocks and execution requirements
1. Fit-out Works: Include when tenant will perform initial renovations or modifications
2. Service Charges: Include for properties in commercial complexes with common area maintenance
3. Environmental Compliance: Include for properties where environmental regulations are significant
4. Parking: Include when specific parking arrangements are part of the lease
5. Signage Rights: Include when exterior or interior signage needs to be regulated
6. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
7. Break Clause: Include when early termination options are negotiated
8. Guarantees: Include when additional security through personal or corporate guarantees is required
1. Schedule 1 - Property Plan: Detailed floor plan and measurements of the premises
2. Schedule 2 - Inventory: List of fixtures, fittings, and equipment included in the lease
3. Schedule 3 - Service Charges Breakdown: Detailed breakdown of service charges and calculation method
4. Schedule 4 - Fit-out Specifications: Technical specifications for permitted alterations and improvements
5. Schedule 5 - Building Rules: Specific rules and regulations for the building or complex
6. Appendix A - Registration Documents: Copies of relevant registration certificates and permits
7. Appendix B - Insurance Requirements: Detailed insurance requirements and minimum coverage amounts
8. Appendix C - Handover Protocol: Procedures and checklist for property handover
Authors
Real Estate
Retail
Office Space
Hospitality
Manufacturing
Warehousing
Healthcare
Education
Financial Services
Technology
Professional Services
Food and Beverage
Entertainment
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Property Management
Business Development
Administration
Risk Management
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Commercial Director
Operations Manager
Chief Financial Officer
Business Development Manager
Compliance Officer
Real Estate Agent
Company Secretary
Managing Director
Store Manager
Regional Manager
Asset Manager
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