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Rent Agreement For Commercial Use
"I need a Rent Agreement For Commercial Use for my retail business leasing a 2,000 square foot space in a shopping mall in Kuala Lumpur, with a 3-year term starting March 1, 2025, including provisions for signage rights and extended operating hours during festive seasons."
1. Parties: Identification of landlord and tenant, including registration numbers for companies
2. Background: Brief context of the agreement and property ownership
3. Definitions: Definitions of key terms used throughout the agreement
4. Demised Premises: Detailed description of the rented property and its boundaries
5. Term and Renewal: Duration of tenancy and renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment
7. Security Deposit: Amount, payment terms, and conditions for return of security deposit
8. Utilities and Outgoings: Responsibility for utility payments and other charges
9. Use of Premises: Permitted use of premises and restrictions
10. Maintenance and Repairs: Responsibilities for maintenance, repairs, and upkeep
11. Insurance: Required insurance coverage for both parties
12. Landlord's Covenants: Obligations and promises of the landlord
13. Tenant's Covenants: Obligations and promises of the tenant
14. Default and Termination: Events of default and termination procedures
15. Assignment and Subletting: Conditions for assignment or subletting of premises
16. Notices: Process for serving notices between parties
17. Governing Law: Specification of Malaysian law as governing law
18. Execution: Signature blocks and execution details
1. Fit-Out Works: Details of any permitted renovation or fit-out works, used when tenant will modify premises
2. Service Charge: Details of service charge for maintained buildings, used for properties in commercial complexes
3. Air-Conditioning: Specific provisions for air-conditioning maintenance and charges, used in buildings with central air-conditioning
4. Signage Rights: Rules and permissions for external signage, used when tenant requires external advertising
5. Break Clause: Early termination options, used when parties want flexibility to end lease early
6. Option to Purchase: Terms for tenant's right to purchase property, used when landlord offers future sale option
7. Quiet Enjoyment: Extended provisions for tenant's undisturbed use, used in long-term leases
8. Green Building Requirements: Environmental compliance requirements, used for green-certified buildings
9. COVID-19 Provisions: Special provisions for pandemic-related circumstances, used when specific pandemic protections are needed
1. Schedule 1 - Property Details: Detailed description of property including floor plans and measurements
2. Schedule 2 - Inventory: List of fixtures, fittings, and equipment included in the lease
3. Schedule 3 - Rent Schedule: Detailed breakdown of rent payments and escalation rates
4. Schedule 4 - Building Rules: Rules and regulations for use of the building or complex
5. Schedule 5 - Maintenance Schedule: Detailed maintenance responsibilities and schedules
6. Appendix A - Floor Plans: Detailed floor plans and measurements of the premises
7. Appendix B - Fit-Out Guidelines: Technical specifications and guidelines for any permitted renovations
8. Appendix C - Service Level Agreement: Details of building services provided and service standards
Authors
Retail
Office Space
Food & Beverage
Healthcare
Education
Financial Services
Technology
Manufacturing
Warehousing & Logistics
Professional Services
Entertainment & Leisure
Hospitality
Legal
Finance
Operations
Facilities Management
Administration
Risk & Compliance
Real Estate
Corporate Services
Business Development
Property Management
Chief Executive Officer
Chief Financial Officer
Facilities Manager
Legal Counsel
Property Manager
Operations Director
Business Development Manager
Real Estate Manager
Compliance Officer
Finance Director
Administrative Manager
Contract Manager
Risk Manager
Store Manager
Branch Manager
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