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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."
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
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
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
Real Estate
Retail
Commercial Office Space
Shopping Centers
Industrial
Warehousing
Hospitality
Healthcare
Education
Technology
Manufacturing
Professional Services
Entertainment
Food and Beverage
Legal
Real Estate
Operations
Finance
Facilities Management
Risk and Compliance
Procurement
Business Development
Property Management
Asset Management
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
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