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Master Leasing Agreement
"I need a Master Leasing Agreement for a retail company that plans to lease multiple shopping center locations across New Zealand, with specific provisions for seasonal pop-up stores and revenue-based rent calculations."
1. Parties: Identification of the lessor and lessee, including full legal names, addresses, and company registration details if applicable
2. Background: Context of the agreement, relationship between parties, and general purpose of the master lease arrangement
3. Definitions: Comprehensive list of defined terms used throughout the agreement
4. Term and Renewal: Duration of the master agreement and conditions for renewal
5. Process for Individual Leases: Procedure for entering into individual leases under the master agreement
6. Rent and Payment Terms: General principles for rent determination, payment methods, and timing
7. Security Deposit: Requirements and handling of security deposits for individual leases
8. Maintenance and Repairs: General obligations regarding property maintenance and repair responsibilities
9. Insurance Requirements: Mandatory insurance coverage for both parties
10. Default and Remedies: Events of default and available remedies for both parties
11. Assignment and Subletting: Rules and restrictions regarding transfer of rights
12. Notices: Methods and requirements for formal communications between parties
13. Governing Law: Specification of New Zealand law as governing law and jurisdiction
14. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Environmental Compliance: Required for properties where environmental regulations are significant or where hazardous materials may be present
2. Fit-out Provisions: Include when premises may require substantial tenant improvements or modifications
3. Operating Expenses: Detailed treatment of operating expenses when relevant to multiple properties
4. Property Management: Include when lessor provides property management services
5. Green Lease Provisions: Environmental sustainability requirements, if applicable
6. Multi-Location Provisions: Special terms for managing multiple locations under the master agreement
7. Force Majeure: Detailed provisions for unforeseen circumstances, particularly relevant post-COVID
8. Guarantees: When parent company or personal guarantees are required
1. Schedule 1 - Form of Individual Lease: Template for individual leases to be entered into under the master agreement
2. Schedule 2 - Rent Calculation Formula: Detailed methodology for calculating rent for individual properties
3. Schedule 3 - Property Standards: Minimum standards and specifications for properties covered by the agreement
4. Schedule 4 - Service Level Requirements: Details of any services to be provided as part of the lease
5. Schedule 5 - Approved Properties: List of properties initially approved under the master lease
6. Schedule 6 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
7. Appendix A - Condition Report Template: Standard template for recording property condition
8. Appendix B - Authorized Representatives: List of authorized representatives for both parties
Authors
Commercial Real Estate
Retail
Industrial
Logistics
Office Space
Healthcare Facilities
Data Centers
Warehousing
Manufacturing
Corporate Real Estate
Legal
Real Estate
Finance
Operations
Facilities Management
Risk and Compliance
Corporate Services
Property Management
Asset Management
Treasury
Property Manager
Real Estate Director
Facilities Manager
Legal Counsel
Commercial Lease Manager
Chief Financial Officer
Asset Manager
Operations Director
Real Estate Portfolio Manager
Risk Manager
Compliance Officer
Corporate Services Manager
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