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Shop Rental Agreement
"I need a Shop Rental Agreement for a retail space in a Kuala Lumpur shopping mall, starting from March 2025, with specific provisions for extended trading hours during festive seasons and an option to renew after the initial 3-year term."
1. Parties: Identification of the landlord and tenant with complete details 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 including address and boundaries
5. Term and Possession: Duration of the lease and possession arrangements
6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment
7. Security Deposit: Amount, payment terms and conditions for return of the security deposit
8. Utility Charges: Responsibility for utility payments and arrangements
9. Use of Premises: Permitted use of the premises and any restrictions
10. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance
11. Insurance: Required insurance coverage and responsibilities
12. Landlord's Covenants: Obligations and promises of the landlord
13. Tenant's Covenants: Obligations and promises of the tenant
14. Termination: Conditions and procedures for early termination
15. Assignment and Subletting: Rules regarding transfer of lease or subletting
16. Governing Law: Specification of Malaysian law as governing law
17. Notices: Process for serving notices between parties
18. Execution: Signature blocks and execution details
1. Option to Renew: Terms for lease renewal - include when parties agree to potential extension
2. Renovation and Alterations: Specific terms for premises modifications - include when renovations are contemplated
3. Service Charges: Building maintenance and service fees - include for shopping complex or managed building
4. Break Clause: Early termination options - include when parties want flexibility to end lease early
5. Force Majeure: Provisions for unforeseen circumstances - particularly relevant post-COVID
6. Guarantee: Terms of guarantee - include when there's a corporate tenant with guarantor
7. Exclusivity Clause: Business exclusivity rights - include for shopping complexes or malls
8. Advertising and Signage: Rules for external displays - include for retail premises
9. Operating Hours: Mandatory trading hours - include for shopping complex locations
1. Schedule 1 - Property Details: Detailed description of premises including floor plans and measurements
2. Schedule 2 - Inventory: List of fixtures, fittings and equipment included in the lease
3. Schedule 3 - Rent Review Provisions: Detailed terms for periodic rent reviews if applicable
4. Schedule 4 - Building Rules and Regulations: Specific rules applicable to the building or complex
5. Schedule 5 - Handover Condition Report: Documented condition of premises at commencement of lease
6. Appendix A - Registration Documents: Copies of relevant business registration documents
7. Appendix B - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
8. Appendix C - Approved Plans: Any pre-approved renovation or fitout plans
Authors
Retail
Food & Beverage
Professional Services
Healthcare
Beauty & Wellness
Fashion & Accessories
Electronics & Technology
Entertainment
Education & Training
Financial Services
Legal
Operations
Finance
Real Estate
Facilities Management
Compliance
Property Management
Business Development
Commercial
Administration
Property Manager
Business Owner
Operations Director
Legal Counsel
Commercial Director
Facilities Manager
Real Estate Manager
Retail Operations Manager
Compliance Officer
Finance Director
Store Manager
Business Development Manager
Asset Manager
Leasing Manager
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