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Company Tenancy Agreement
"I need a Company Tenancy Agreement for a tech startup leasing 5,000 square feet of office space in downtown Vancouver, with a 5-year term starting March 1, 2025, including provisions for tenant improvements and expansion rights."
1. Parties: Identification of the landlord and tenant, including full legal names and addresses
2. Background: Context of the agreement and brief description of the premises and intended use
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Formal grant of lease and description of the premises
5. Term and Renewal: Duration of the lease and any renewal options
6. Rent and Operating Costs: Base rent, additional rent, operating costs, and payment terms
7. Security Deposit: Amount, terms and conditions of the security deposit
8. Use of Premises: Permitted and prohibited uses of the premises
9. Maintenance and Repairs: Responsibilities of landlord and tenant for maintenance, repairs, and improvements
10. Utilities and Services: Responsibility for utilities and building services
11. Insurance: Required insurance coverage for both parties
12. Assignment and Subletting: Terms and conditions for assigning or subletting the premises
13. Landlord's Covenants: Obligations and warranties of the landlord
14. Tenant's Covenants: Obligations and warranties of the tenant
15. Default and Remedies: Events of default and available remedies
16. Termination: Conditions and procedures for lease termination
17. Notice: Methods and addresses for giving formal notices
18. General Provisions: Miscellaneous legal provisions including governing law and severability
1. Tenant Improvements: Terms for initial tenant improvements and alterations - include when premises require significant modification
2. Operating Hours: Specific requirements for business hours - include for retail or regulated businesses
3. Signage Rights: Rules regarding exterior and interior signage - important for retail locations
4. Parking: Allocation and rules for parking spaces - include when parking is limited or separately charged
5. Common Areas: Rights and restrictions regarding common areas - include in multi-tenant buildings
6. Environmental Matters: Special environmental obligations - include for industrial or potentially hazardous uses
7. Option to Purchase: Terms for tenant's right to purchase - include if agreed between parties
8. Exclusivity Clause: Restrictions on leasing to competing businesses - include for retail tenants requiring protection
9. Force Majeure: Provisions for unforeseen circumstances - increasingly common post-COVID
10. Guarantees: Personal or corporate guarantees - include when additional security is required
1. Schedule A - Floor Plan: Detailed plan showing the leased premises and measurements
2. Schedule B - Operating Costs: Detailed breakdown of includable operating costs and calculation method
3. Schedule C - Building Rules and Regulations: Specific rules governing tenant conduct and building operations
4. Schedule D - Tenant Improvement Specifications: Detailed specifications for any approved tenant improvements
5. Schedule E - Environmental Standards: Environmental compliance requirements and standards
6. Schedule F - Rent Schedule: Detailed breakdown of rent payments and escalations
7. Schedule G - Service Level Standards: Standards for building services and maintenance
8. Appendix 1 - Certificate of Insurance: Form of insurance certificate required
9. Appendix 2 - Guarantee Agreement: Form of any required guarantees
10. Appendix 3 - Condition Report: Initial condition assessment of the premises
Authors
Commercial Real Estate
Retail
Office Space
Industrial
Manufacturing
Healthcare
Technology
Professional Services
Hospitality
Warehousing and Distribution
Financial Services
Entertainment
Education
Legal
Real Estate
Facilities Management
Operations
Finance
Risk Management
Compliance
Property Management
Asset Management
Corporate Services
Administration
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Chief Financial Officer
Operations Director
Real Estate Director
Leasing Manager
Asset Manager
Business Development Manager
Corporate Real Estate Manager
Risk Manager
Compliance Officer
Chief Operating Officer
Real Estate Agent
Commercial Property Broker
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