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Long Term Lease Agreement
"I need a Long Term Lease Agreement for a commercial office space in Berlin, starting from March 2025, with specific provisions for IT infrastructure installations and an option to expand to adjacent floors after the second year."
1. Parties: Identification and details of the landlord and tenant, including full legal names, addresses, and registration details for legal entities
2. Background: Context of the lease arrangement and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the leased property, including address, size, and designated use
5. Lease Term: Duration of the lease, commencement date, and any extension options
6. Rent and Payment Terms: Base rent amount, payment schedule, and method of payment
7. Operating Costs (Betriebskosten): Allocation and payment of operating costs and utilities
8. Security Deposit: Amount, form, and conditions of the security deposit
9. Use of Property: Permitted use of the property and any restrictions
10. Maintenance and Repairs: Responsibilities for maintenance, repairs, and renovations
11. Insurance and Liability: Required insurance coverage and allocation of liability
12. Termination Rights: Grounds for termination and notice requirements
13. Return of Property: Conditions for returning the property at lease end
14. Final Provisions: Governing law, jurisdiction, written form clause, and severability
1. Subletting Rights: Terms for subletting or assignment, used when subletting might be permitted
2. Alterations and Improvements: Rules for making changes to the property, included when significant modifications might be anticipated
3. Environmental Provisions: Special environmental obligations, included for properties with specific environmental concerns
4. Building Rules: Reference to building rules, included for properties in multi-tenant buildings
5. Signage Rights: Rules regarding external signage, included for commercial properties
6. Break Options: Early termination rights, included when parties want flexibility
7. Rent Review: Mechanism for periodic rent adjustments, included for very long-term leases
8. Competition Protection: Non-compete provisions, included for commercial properties in retail locations
1. Floor Plans: Detailed plans showing the leased area and measurements
2. Inventory List: List of fixtures, fittings, and furniture included in the lease
3. Operating Costs Breakdown: Detailed list of operating costs and allocation method
4. Maintenance Schedule: Schedule of maintenance responsibilities and intervals
5. House Rules: Building regulations and conduct rules
6. Handover Protocol: Template for recording property condition at handover
7. Energy Performance Certificate: Mandatory energy efficiency documentation
8. Building Systems Documentation: Technical information about building systems and equipment
Authors
Real Estate
Commercial Property
Retail
Industrial
Office Space
Hospitality
Healthcare
Education
Logistics
Manufacturing
Agriculture
Technology
Banking and Financial Services
Legal
Real Estate
Facilities Management
Finance
Operations
Risk and Compliance
Property Management
Asset Management
Business Development
Administrative Services
Real Estate Manager
Property Manager
Facility Manager
Legal Counsel
Contract Manager
Chief Financial Officer
Asset Manager
Operations Director
Risk Manager
Compliance Officer
Real Estate Director
Portfolio Manager
Branch Manager
Business Development Manager
Commercial Director
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