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Property Licence Agreement
"I need a Property Licence Agreement for a pop-up retail space in a shopping mall in Cape Town, where my company will operate a seasonal store from 1 March 2025 to 31 May 2025, with specific requirements for signage and operating hours."
1. Parties: Details of the Licensor and Licensee, including registration/ID numbers and addresses
2. Background: Context of the agreement and brief description of the property and intended use
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Grant of License: Specific rights being granted, scope, and nature of the license
5. Duration: Term of the license, including commencement date and any renewal options
6. License Fee and Payment Terms: Amount, payment schedule, review mechanisms, and payment methods
7. Permitted Use: Specific authorized uses of the property and any restrictions
8. Licensee's Obligations: Key responsibilities including maintenance, compliance with laws, and conduct
9. Licensor's Obligations: Responsibilities of the property owner including access and maintenance
10. Insurance and Liability: Insurance requirements and allocation of risks between parties
11. Termination: Grounds for termination, notice requirements, and consequences
12. Dispute Resolution: Process for handling disputes including mediation and jurisdiction
13. General Provisions: Standard legal clauses including notices, entire agreement, and governing law
1. Alterations and Improvements: Used when the licensee is permitted to make changes to the property
2. Utilities and Services: Include when the license includes use of specific utilities or services
3. Security Deposit: Required when a deposit is part of the agreement
4. Sub-licensing Rights: Include if sub-licensing is permitted
5. Environmental Obligations: Necessary for properties with environmental considerations or requirements
6. Operating Hours: Include for commercial properties with specific operating time restrictions
7. Signage and Branding: Required for commercial properties where signage is relevant
8. Force Majeure: Optional clause for handling unforeseen circumstances
9. Property Manager: Include when a property manager is involved in day-to-day operations
1. Schedule 1 - Property Description: Detailed description of the licensed property including plans and boundaries
2. Schedule 2 - License Fee Schedule: Detailed breakdown of fees, payment dates, and review mechanisms
3. Schedule 3 - Property Rules and Regulations: Specific rules governing the use of the property
4. Schedule 4 - Condition Report: Initial condition of the property at commencement of license
5. Schedule 5 - Maintenance Requirements: Detailed maintenance obligations of each party
6. Appendix A - Floor Plans: Detailed plans showing the licensed area
7. Appendix B - Utility Meters: Initial meter readings and meter locations if relevant
8. Appendix C - Inventory List: List of any furniture, equipment or items included in the license
Authors
Real Estate
Retail
Commercial Property
Residential Property
Education
Healthcare
Hospitality
Industrial
Religious
Non-Profit
Government
Agriculture
Mining
Technology
Legal
Operations
Facilities Management
Real Estate
Property Management
Risk and Compliance
Administrative
Business Development
Asset Management
Contract Management
Property Manager
Facilities Manager
Real Estate Director
Legal Counsel
Corporate Lawyer
Operations Manager
Commercial Director
Asset Manager
Property Administrator
Compliance Officer
Real Estate Agent
Property Practitioner
Business Development Manager
Chief Operating Officer
Risk Manager
Contract Administrator
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