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Property Lease Agreement
"I need a Property Lease Agreement for a commercial office space in Kuala Lumpur, starting from March 1, 2025, with specific provisions for renovation works and an option to renew after the initial 3-year term."
1. Parties: Identification and details of the landlord and tenant, including NRIC/passport numbers and addresses
2. Background: Brief context of the lease arrangement and property ownership
3. Definitions: Definitions of key terms used throughout the agreement
4. Demised Premises: Detailed description of the leased property including address and boundaries
5. Term and Possession: Duration of lease, commencement date, and possession details
6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Amount, payment terms, and conditions for return of the security deposit
8. Utility Charges: Responsibility for utilities, including electricity, water, gas, and internet
9. Use of Premises: Permitted use of the property and restrictions
10. Maintenance and Repairs: Responsibilities of landlord and tenant for maintenance and repairs
11. Insurance: Insurance requirements for both parties
12. Tenant's Covenants: Obligations and promises of the tenant
13. Landlord's Covenants: Obligations and promises of the landlord
14. Termination: Grounds and procedure for termination of the lease
15. Notices: Method and addresses for serving notices between parties
16. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Option to Renew: Terms for lease renewal, used when offering tenant the option to extend the lease
2. Subletting and Assignment: Terms regarding subletting rights, included when subletting might be permitted
3. Renovation and Alterations: Terms for making changes to the property, included for properties where modifications might be allowed
4. Car Parking: Terms for parking facilities, included when parking is available
5. Common Areas: Rules for common areas, included for properties in multi-unit buildings
6. Pet Policy: Terms regarding keeping pets, included when pets might be allowed
7. Break Clause: Early termination provisions, included when early termination might be permitted
8. Quiet Enjoyment: Additional provisions for tenant's peaceful occupation, particularly relevant for residential leases
9. Green Lease Provisions: Environmental and sustainability requirements, included for green buildings or when specifically requested
1. Schedule 1 - Property Details: Detailed description of property including floor plan and boundaries
2. Schedule 2 - Inventory List: List of furniture, fixtures, and fittings included in the lease
3. Schedule 3 - House Rules: Specific rules and regulations for the property
4. Schedule 4 - Service Charges: Breakdown of service charges if applicable
5. Schedule 5 - Condition Report: Detailed report of property condition at commencement of lease
6. Appendix A - Photos: Photographs documenting property condition
7. Appendix B - Building Plans: Relevant building plans and layout drawings
8. Appendix C - Maintenance Schedule: Schedule of regular maintenance tasks and responsibilities
Authors
Real Estate
Residential Property
Commercial Property
Industrial Property
Retail
Office Space
Hospitality
Manufacturing
Warehouse and Storage
Mixed-Use Development
Legal
Real Estate
Property Management
Facilities Management
Operations
Asset Management
Compliance
Contract Administration
Property Development
Tenant Relations
Property Manager
Real Estate Agent
Facilities Manager
Legal Counsel
Property Administrator
Asset Manager
Leasing Manager
Property Development Manager
Real Estate Investment Manager
Compliance Officer
Contract Administrator
Property Operations Manager
Real Estate Portfolio Manager
Tenant Relations Manager
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