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Non Exclusive Lease Agreement
"I need a Non-Exclusive Lease Agreement for a coworking space in Sydney CBD, starting March 2025, where multiple startups will share office facilities, meeting rooms, and common areas, with specific provisions for 24/7 access and hot-desking arrangements."
1. Parties: Identification of the lessor and lessee with full legal names and details
2. Background: Context of the lease arrangement and acknowledgment of non-exclusive nature
3. Definitions: Defined terms used throughout the agreement, including specific terms related to shared use
4. Grant of Lease: Specific terms of the non-exclusive lease grant, including permitted uses and shared areas
5. Term and Option Periods: Duration of the lease, commencement date, and any renewal options
6. Rent and Other Payments: Rent amount, payment terms, outgoings, and review mechanisms
7. Security Deposit: Details of security deposit or bank guarantee requirements
8. Permitted Use: Specified permitted uses of the premises and limitations
9. Shared Space Provisions: Rules and protocols for shared areas and facilities
10. Maintenance and Repairs: Responsibilities for maintenance, repairs, and cleaning
11. Insurance and Liability: Required insurance coverage and liability allocation
12. Default and Termination: Events of default, remedies, and termination provisions
13. Dispute Resolution: Process for resolving disputes between parties
14. General Provisions: Standard boilerplate clauses including notices, governing law, etc.
1. Fit-out Works: Details of any permitted tenant improvements or modifications, used when initial fit-out is required
2. Operating Hours: Specific hours of operation, included when there are time restrictions on use
3. Environmental Obligations: Environmental compliance requirements, included for properties with specific environmental concerns
4. Special Access Provisions: Details of access cards, keys, or security systems, used for properties with controlled access
5. Marketing and Signage: Rules for advertising and signage, included for retail or commercial properties
6. Quiet Enjoyment: Extended provisions for managing concurrent use, included when multiple tenants share closely related spaces
7. Common Area Management: Detailed provisions for common area maintenance and cost sharing, used in multi-tenant properties
8. Assignment and Subletting: Provisions for transfer of lease rights, included when transfer might be contemplated
1. Schedule 1 - Premises Plan: Detailed plan showing leased area and shared spaces
2. Schedule 2 - Rent Schedule: Detailed breakdown of rent calculations and review dates
3. Schedule 3 - Special Conditions: Any specific conditions or variations to standard terms
4. Schedule 4 - Building Rules: Specific rules and regulations for the building or facility
5. Schedule 5 - Fit-out Guidelines: Technical specifications for any permitted tenant improvements
6. Schedule 6 - Maintenance Schedule: Detailed breakdown of maintenance responsibilities
7. Schedule 7 - Operating Costs: Breakdown of outgoings and operating costs allocation
8. Appendix A - Required Insurance: Detailed insurance requirements and minimum coverage
9. Appendix B - Condition Report: Initial condition report of the premises
Authors
Commercial Real Estate
Retail
Office Space
Coworking Spaces
Industrial
Healthcare
Education
Hospitality
Technology
Professional Services
Manufacturing
Logistics
Entertainment
Sports and Recreation
Legal
Real Estate
Facilities Management
Operations
Finance
Risk and Compliance
Property Management
Asset Management
Business Development
Administration
Property Manager
Facility Manager
Real Estate Manager
Legal Counsel
Commercial Lease Administrator
Operations Manager
Business Owner
Chief Financial Officer
Real Estate Director
Compliance Officer
Risk Manager
Space Planning Manager
Asset Manager
Property Development Manager
Tenant Relations Manager
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