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Leasehold Contract
"I need a Leasehold Contract for a commercial retail space in Kuala Lumpur, starting from March 1, 2025, with a 3-year term and an option to renew for two additional years, including specific provisions for shopping mall operations and maintenance charges."
1. Parties: Identification of the lessor and lessee with full legal names, registration numbers (if companies), 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: The formal grant of the lease and its duration
5. Rent and Payment Terms: Detailed rent amount, payment schedule, and method of payment
6. Security Deposit: Amount, payment terms, and conditions for return of the security deposit
7. Tenant's Covenants: Core obligations of the tenant including maintenance, permitted use, and compliance with regulations
8. Landlord's Covenants: Core obligations of the landlord including quiet enjoyment and structural maintenance
9. Insurance: Required insurance coverage for both parties
10. Termination: Circumstances and procedures for early termination
11. Assignment and Subletting: Restrictions and conditions for transferring or subletting the property
12. Notices: Process for serving formal notices between parties
13. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction
1. Utilities and Services: Include when utilities are not included in rent or when specific service arrangements need to be detailed
2. Renovation and Alterations: Include for commercial properties or when significant modifications are anticipated
3. Option to Renew: Include when offering the tenant the right to extend the lease term
4. Break Clause: Include when either party wants the right to terminate early under specific conditions
5. Service Charge: Include for properties in managed buildings or complexes
6. Green Lease Provisions: Include for environmentally conscious arrangements or green buildings
7. Pest Control: Include for food & beverage premises or when specific pest control responsibilities need to be assigned
8. COVID-19 or Force Majeure Provisions: Include when specific pandemic or force majeure protections are required
1. Schedule 1 - Property Details: Detailed description of the property including lot number, floor area, and boundaries
2. Schedule 2 - Inventory: List of fixtures, fittings, and furniture included in the lease
3. Schedule 3 - House Rules: Building or development rules and regulations
4. Schedule 4 - Maintenance Schedule: Detailed breakdown of maintenance responsibilities between landlord and tenant
5. Schedule 5 - Rental Payment Schedule: Detailed breakdown of rent payments, especially if there are rent reviews or stepped increases
6. Appendix A - Floor Plan: Drawings or plans of the leased property
7. Appendix B - Photographs: Documentation of property condition at commencement of lease
8. Appendix C - Relevant Permits: Copies of necessary permits, certificates of fitness, or other regulatory approvals
Authors
Real Estate
Commercial Property
Residential Property
Retail
Hospitality
Industrial
Office Space
Food & Beverage
Healthcare
Education
Manufacturing
Warehousing
Agriculture
Legal
Real Estate
Operations
Facilities Management
Finance
Compliance
Risk Management
Corporate Services
Business Development
Property Management
Asset Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Contract Administrator
Business Development Manager
Operations Director
Chief Financial Officer
Asset Manager
Compliance Officer
Real Estate Agent
Property Developer
Leasing Manager
Corporate Services Manager
Risk Manager
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