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5 Year Lease Agreement
"I need a 5 Year Lease Agreement for a Grade A commercial office space in Central, Hong Kong, starting March 1, 2025, with special provisions for fit-out period and signage rights for a multinational tech company."
1. Parties: Identification of the landlord and tenant with full legal names and addresses
2. Background: Brief context of the lease arrangement and property ownership
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Formal grant of the lease and precise description of the leased premises
5. Term: Duration of the lease, including start and end dates
6. Rent and Payment Terms: Rent amount, payment schedule, and method of payment
7. Rent Review: Provisions for periodic rent reviews during the 5-year term
8. Service Charges: Tenant's obligations for building service charges and management fees
9. Deposit: Security deposit requirements and terms for return
10. Use of Premises: Permitted use of the property and any restrictions
11. Tenant's Covenants: Tenant's obligations including maintenance, repairs, and compliance with regulations
12. Landlord's Covenants: Landlord's obligations including structural repairs and insurance
13. Insurance: Insurance requirements for both parties
14. Assignment and Subletting: Restrictions and conditions for transfer of lease or subletting
15. Termination: Circumstances and procedures for lease termination
16. Yielding Up: Conditions for returning the premises at lease end
17. Notices: Process for serving formal notices between parties
18. Governing Law: Confirmation of Hong Kong law as governing law
1. Break Clause: Optional provision allowing early termination under specific conditions
2. Fit-out Works: Terms for initial tenant improvements or modifications
3. Air Conditioning: Specific provisions for air conditioning services and charges
4. Signage Rights: Terms for external or internal signage installation and maintenance
5. Car Parking: Allocation and terms of car parking spaces if applicable
6. Green Lease Provisions: Environmental and sustainability requirements
7. Additional Security: Requirements for bank guarantees or personal guarantees
8. Option to Renew: Terms for lease renewal after the initial 5-year term
9. Quiet Enjoyment: Enhanced provisions for tenant's undisturbed use
10. Force Majeure: Provisions for unforeseen circumstances affecting lease obligations
1. Schedule 1 - Property Description: Detailed description of the premises including floor plans and measurements
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments and review dates
3. Schedule 3 - Service Charge Components: Itemized list of service charge inclusions and calculations
4. Schedule 4 - Condition Report: Initial condition of the premises with photographs
5. Schedule 5 - Building Rules and Regulations: Specific rules governing the use of the building
6. Schedule 6 - Fit-out Guidelines: Technical specifications for permitted alterations
7. Schedule 7 - Handover Inventory: List of fixtures, fittings, and equipment included in the lease
8. Appendix A - Plans: Floor plans and location maps
9. Appendix B - Maintenance Schedule: Schedule of maintenance responsibilities
Authors
Real Estate
Retail
Commercial Office
Industrial
Logistics
Manufacturing
Financial Services
Professional Services
Technology
Healthcare
Education
Hospitality
Food & Beverage
Legal
Finance
Operations
Facilities Management
Real Estate
Corporate Services
Compliance
Administration
Property Management
Asset Management
Property Manager
Facilities Manager
Legal Counsel
Real Estate Director
Chief Financial Officer
Operations Manager
Commercial Director
Leasing Manager
Asset Manager
Company Secretary
Finance Manager
Corporate Services Manager
Compliance Officer
Real Estate Partner
Property Lawyer
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