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Space Rental Agreement Template for Pakistan

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Key Requirements PROMPT example:

Space Rental Agreement

"Need a Space Rental Agreement for a retail shop in Lahore's Liberty Market area, approximately 1000 square feet, starting from March 2025, with specific provisions for store modifications and extended operating hours during festival seasons."

Document background
The Space Rental Agreement is a fundamental legal instrument used in Pakistan for establishing commercial tenancy relationships. This document is essential when a property owner (landlord) intends to rent out commercial space to a business tenant, whether for retail, office, or other commercial purposes. The agreement must comply with Pakistani legal requirements, including the Transfer of Property Act 1882, relevant provincial rent control ordinances, and local municipal regulations. It typically covers comprehensive terms including rent, duration, maintenance obligations, permitted use, and dispute resolution mechanisms. The document becomes particularly important in urban commercial areas where formal documentation of rental arrangements is crucial for legal protection and business operations. The agreement should be properly stamped and registered as per local requirements to ensure enforceability.
Suggested Sections

1. Parties: Identification and details of the landlord and tenant, including registration/ID numbers and addresses

2. Background: Brief context of the rental arrangement and property overview

3. Definitions: Definitions of key terms used throughout the agreement

4. Premises: Detailed description of the rented space, including location, size, and boundaries

5. Term: Duration of the lease, commencement date, and any renewal options

6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and payment methods

7. Utilities and Operating Expenses: Responsibility for utilities, maintenance costs, and other operating expenses

8. Use of Premises: Permitted use of the space and any restrictions

9. Maintenance and Repairs: Responsibilities for maintenance, repairs, and improvements

10. Insurance and Liability: Insurance requirements and allocation of risks

11. Default and Remedies: Events of default and available remedies for both parties

12. Termination: Grounds for termination and notice requirements

13. Assignment and Subletting: Rights and restrictions regarding assignment or subletting

14. Governing Law: Applicable law and jurisdiction

15. Notices: Process for serving notices between parties

16. Execution: Signature blocks and execution requirements

Optional Sections

1. Fit-out Works: Details of any modifications or improvements to be made before occupancy

2. Service Charges: Applicable when the property is part of a larger complex with shared facilities

3. Environmental Matters: Required for properties with specific environmental considerations or requirements

4. Security Arrangements: Include when specific security measures are required

5. Parking: Required when parking spaces are included in the rental

6. Common Areas: Necessary when the property includes shared facilities or spaces

7. Force Majeure: Include specific provisions for unforeseen circumstances affecting property use

8. Option to Purchase: Include if tenant is given an option to purchase the property

9. Break Clause: Include if early termination options are available to either party

Suggested Schedules

1. Floor Plan: Detailed plan showing the exact area being rented

2. Inventory: List of any furniture, fixtures, or equipment included in the rental

3. Service Level Agreement: Details of any services to be provided by the landlord

4. Rent Schedule: Detailed breakdown of rent payments and escalations

5. Building Rules: Rules and regulations governing the use of the premises

6. Condition Report: Documentation of the premises condition at the start of the lease

7. Fit-out Specifications: Technical specifications for any approved modifications

8. Insurance Requirements: Detailed insurance specifications required under the agreement

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

Retail

Commercial Office Space

Shopping Centers

Industrial

Warehousing

Hospitality

Healthcare

Education

Technology

Manufacturing

Professional Services

Entertainment

Food and Beverage

Relevant Teams

Legal

Real Estate

Operations

Finance

Facilities Management

Risk and Compliance

Procurement

Business Development

Property Management

Asset Management

Relevant Roles

Real Estate Manager

Property Manager

Facilities Manager

Legal Counsel

Commercial Director

Operations Manager

Chief Financial Officer

Business Development Manager

Store Manager

Procurement Manager

Risk Manager

Compliance Officer

Real Estate Director

Branch Manager

Regional Manager

Expansion Manager

Asset Manager

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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