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Non Exclusive Lease Agreement
"I need a Non-Exclusive Lease Agreement for a retail space in a shopping mall in Toronto, where the tenant will operate a clothing store starting March 1, 2025, with provisions for shared common areas and marketing contributions."
1. Parties: Identifies and provides full legal names and addresses of the landlord and tenant
2. Background: Provides context for the agreement, including brief property description and purpose of the lease
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Demised Premises: Detailed description of the leased property including location, size, and included facilities
5. Term and Renewal: Specifies the duration of the lease and any renewal options
6. Rent and Additional Charges: Details base rent, payment schedule, and additional charges such as utilities and maintenance fees
7. Security Deposit: Specifies amount, terms, and conditions for the security deposit
8. Use of Premises: Defines permitted uses of the property and any restrictions
9. Maintenance and Repairs: Outlines responsibilities for property maintenance and repairs
10. Insurance and Liability: Specifies required insurance coverage and liability obligations
11. Default and Remedies: Defines events of default and available remedies
12. Assignment and Subletting: Terms governing the transfer of lease rights to third parties
13. Quiet Enjoyment: Landlord's covenant to ensure tenant's peaceful use of premises
14. Termination: Conditions and procedures for ending the lease
15. Notices: Specifies how formal communications between parties should be made
16. Governing Law: Confirms the applicable law and jurisdiction
1. Common Areas: Used in multi-tenant properties to define shared spaces and their usage
2. Operating Costs: For net leases where tenant shares in building operating costs
3. Tenant Improvements: When tenant is permitted to make modifications to the premises
4. Environmental Matters: For properties with potential environmental concerns or responsibilities
5. Parking: When specific parking arrangements need to be detailed
6. Signage Rights: For commercial properties where tenant signage is permitted
7. Property Management: When property manager's role needs to be defined
8. Co-tenancy Provisions: For retail properties where tenant's obligations depend on other tenants
9. Force Majeure: When specific provisions for unforeseen circumstances are needed
10. Exclusive Use: For commercial properties where tenant requires protection from competing businesses
1. Schedule A - Floor Plan: Detailed plan showing the leased premises and measurements
2. Schedule B - Rules and Regulations: Building or property rules that tenant must follow
3. Schedule C - Rent Schedule: Detailed breakdown of rent payments and escalations
4. Schedule D - Services and Utilities: List of services provided and utility responsibilities
5. Schedule E - Tenant Improvement Specifications: Details of approved tenant improvements and specifications
6. Schedule F - Environmental Disclosure: Environmental conditions or requirements for the property
7. Schedule G - Maintenance Standards: Detailed maintenance requirements and standards
8. Schedule H - Insurance Requirements: Specific insurance requirements and minimum coverage
9. Appendix 1 - Property Condition Report: Documentation of property condition at lease commencement
10. Appendix 2 - Operating Cost Estimates: Estimated annual operating costs and tenant's share
Authors
Real Estate
Commercial Property
Retail
Office Space
Industrial
Warehousing
Healthcare
Education
Hospitality
Professional Services
Manufacturing
Technology
Entertainment
Food and Beverage
Logistics
Legal
Real Estate
Facilities Management
Operations
Finance
Risk Management
Compliance
Administration
Business Development
Property Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Contract Administrator
Real Estate Agent
Leasing Manager
Asset Manager
Operations Director
Chief Financial Officer
Risk Manager
Compliance Officer
Business Development Manager
Property Administrator
Real Estate Analyst
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