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Rent To Rent Contract Template for Pakistan

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Key Requirements PROMPT example:

Rent To Rent Contract

"I need a Rent to Rent Contract for a residential property in Lahore, Pakistan, where I will be offering the landlord guaranteed monthly rent of PKR 150,000, with the agreement starting from March 1, 2025, and I plan to sub-let the property as serviced accommodation."

Document background
The Rent To Rent Contract serves as a comprehensive legal instrument designed for the Pakistani property market, enabling property owners to delegate property management and letting responsibilities to professional operators. This document is essential when a property owner wishes to maintain ownership while transferring day-to-day management and letting responsibilities to a specialized operator who will generate income through sub-letting. The agreement addresses key aspects required under Pakistani law, including compliance with the Transfer of Property Act 1882, relevant provincial rent control regulations, and local property management requirements. It is particularly useful for property owners seeking guaranteed rental income and reduced management responsibilities, while allowing operators to profit from the differential between head lease and sub-let rents. The document includes detailed provisions for property maintenance, regulatory compliance, sub-letting conditions, and risk management, making it suitable for both residential and commercial properties.
Suggested Sections

1. Parties: Identification of the original property owner (Head Landlord), the middle landlord (Rent to Rent Operator), and their respective contact details

2. Background: Context of the agreement, including the property details and the intention to create a rent-to-rent arrangement

3. Definitions: Key terms used throughout the agreement including 'Head Lease', 'Sub-tenants', 'Rent', 'Management Fee', etc.

4. Grant of Lease: Terms of the head landlord granting lease rights to the rent to rent operator

5. Duration and Renewal: Term of the agreement, including start date, end date, and renewal provisions

6. Rent and Payment Terms: Financial terms including rent amount, payment schedule, security deposit, and review mechanisms

7. Sub-letting Rights and Conditions: Explicit permission and conditions for sub-letting, including minimum sub-let terms

8. Property Management Responsibilities: Detailed obligations of the rent to rent operator in managing the property

9. Maintenance and Repairs: Allocation of maintenance responsibilities between head landlord and operator

10. Insurance Requirements: Insurance obligations for both parties including building, contents, and liability insurance

11. Compliance and Licensing: Regulatory compliance requirements and necessary licenses

12. Termination Rights: Circumstances and procedures for early termination by either party

13. Dispute Resolution: Process for resolving disputes including mediation and arbitration procedures

14. Governing Law: Confirmation of Pakistani law application and jurisdiction

Optional Sections

1. Furniture and Fittings: Detailed terms regarding furnished properties - include when property is let furnished

2. Guaranteed Rent Provisions: Terms of guaranteed rent to head landlord - include when offering guaranteed rent

3. Property Improvement Rights: Terms for making improvements to the property - include when renovations are planned

4. Utility Management: Terms for utility account management - include when operator takes responsibility for utilities

5. Special Use Provisions: Specific terms for particular use types (e.g., student letting) - include based on intended use

6. Marketing Rights: Terms for property marketing and advertising - include when specific marketing restrictions apply

7. Change of Head Landlord: Provisions for handling property sale - include when property sale is anticipated

Suggested Schedules

1. Schedule 1: Property Details: Detailed description of the property including address, boundaries, and included areas

2. Schedule 2: Inventory: List of furniture, fixtures, and fittings included in the agreement

3. Schedule 3: Rent Schedule: Detailed breakdown of rent payments, due dates, and review dates

4. Schedule 4: Maintenance Schedule: Specific maintenance responsibilities and schedules for both parties

5. Schedule 5: Property Standards: Minimum standards for property condition and sub-letting

6. Schedule 6: Approved Sub-letting Terms: Template or minimum terms for sub-letting agreements

7. Appendix A: Certificates and Licenses: Copies of relevant safety certificates and licenses

8. Appendix B: Property Photos: Photographic evidence of property condition at commencement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
















































Clauses

































Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Student Housing

Serviced Accommodation

Property Investment

Housing and Development

Relevant Teams

Legal

Property Management

Operations

Asset Management

Facilities Management

Risk and Compliance

Real Estate

Contract Administration

Business Development

Property Services

Relevant Roles

Property Manager

Real Estate Investment Manager

Asset Manager

Facilities Manager

Legal Counsel

Property Investment Director

Operations Manager

Letting Agent

Portfolio Manager

Risk Management Officer

Compliance Officer

Real Estate Developer

Property Administrator

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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