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Space Rental Agreement
"I need a Space Rental Agreement for a retail unit in Kuala Lumpur, starting March 1, 2025, with a 3-year term and specific provisions for F&B operations, including grease trap installation and extended operating hours."
1. Parties: Identifies and provides full details of the landlord and tenant, including registration/ID numbers and addresses
2. Background: Brief context about the property, purpose of rental, and any relevant history or context
3. Definitions: Defines key terms used throughout the agreement
4. Demised Premises: Detailed description of the rented space, including measurements and boundaries
5. Term and Renewal: Duration of the lease, commencement date, and renewal terms
6. Rental and Payment Terms: Rental amount, payment schedule, security deposit, and utility charges
7. Use of Premises: Permitted uses of the space and any restrictions
8. Maintenance and Repairs: Responsibilities for maintenance, repairs, and renovations
9. Insurance and Liability: Required insurance coverage and liability allocation
10. Termination: Conditions for early termination and consequences
11. General Provisions: Standard legal clauses including notices, governing law, and dispute resolution
1. Fit-Out Works: Details of any permitted renovations or modifications, applicable when tenant needs to customize the space
2. Operating Hours: Specific time restrictions for business operations, relevant for commercial spaces in multi-tenant buildings
3. Common Areas: Rules and access rights for shared facilities, applicable in multi-tenant properties
4. Environmental Obligations: Special environmental compliance requirements, relevant for industrial or specialized commercial uses
5. Option to Purchase: Terms for potential future purchase of the property, if agreed between parties
6. Subletting and Assignment: Rules regarding subletting or transferring the lease, if permitted
7. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
8. Special Covenants: Additional agreements specific to the nature of the business or property
1. Schedule 1 - Property Details: Detailed description of the property including floor plans and measurements
2. Schedule 2 - Rental Payment Schedule: Breakdown of rental payments, including any increments
3. Schedule 3 - Building Rules and Regulations: Specific rules and regulations governing the use of the premises
4. Schedule 4 - Inventory List: List of fixtures, fittings, and equipment included in the rental
5. Schedule 5 - Maintenance Schedule: Detailed breakdown of maintenance responsibilities
6. Appendix A - Floor Plans: Detailed floor plans and drawings of the premises
7. Appendix B - Handover Form: Condition report and checklist for property handover
8. Appendix C - Fit-Out Guidelines: Technical specifications and guidelines for any permitted renovations
Authors
Commercial Real Estate
Retail
Office Space
Industrial
Warehousing
Food & Beverage
Healthcare
Education
Technology
Professional Services
Entertainment
Manufacturing
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Property Management
Business Development
Administrative
Procurement
Property Manager
Facilities Manager
Real Estate Manager
Legal Counsel
Commercial Director
Operations Manager
Business Development Manager
Chief Financial Officer
Contract Administrator
Compliance Officer
Real Estate Agent
Leasing Manager
Asset Manager
Property Development Manager
Risk Manager
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