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Property Licence Agreement

Property Licence Agreement Template for Pakistan

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Key Requirements PROMPT example:

Property Licence Agreement

"I need a Property License Agreement for my retail space in Lahore's Liberty Market, allowing a fashion boutique to operate from March 2025 for 2 years, with specific provisions for signage rights and renovation permissions."

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Document background
The Property License Agreement is a crucial legal instrument in Pakistan's property market, used when temporary or limited property rights need to be granted without creating a lease or transferring ownership. This document is particularly relevant when property owners wish to maintain significant control while allowing others to use their property for specific purposes, such as operating a business, storing goods, or conducting temporary activities. The agreement must comply with Pakistani legal requirements, including the Transfer of Property Act 1882, Contract Act 1872, and relevant stamp duty regulations. Typically used in commercial, industrial, and institutional contexts, it outlines specific terms for property use, duration, fees, maintenance, and termination conditions. The document provides flexibility while protecting both parties' interests under Pakistani jurisdiction.
Suggested Sections

1. Parties: Identification of the Licensor and Licensee with full legal names, addresses, and registration details if applicable

2. Background: Context of the agreement, brief description of the property, and purpose of the license

3. Definitions: Definitions of key terms used throughout the agreement

4. Grant of License: Specific terms of the license grant, including scope and nature of permitted use

5. Property Details: Detailed description of the licensed property and its boundaries

6. Duration: Term of the license, including commencement date, duration, and renewal provisions

7. License Fee: Amount, payment schedule, and method of payment for the license

8. Use of Property: Permitted and prohibited uses of the property

9. Maintenance and Repairs: Responsibilities for property maintenance and repairs

10. Utilities and Outgoings: Responsibility for utility payments and other property-related expenses

11. Insurance: Insurance requirements for both parties

12. Termination: Grounds and process for termination of the license

13. Governing Law: Specification of Pakistani law as governing law and jurisdiction

14. Dispute Resolution: Process for resolving disputes between parties

Optional Sections

1. Security Deposit: Terms of security deposit if required - include when there's a significant value of property or high risk

2. Alterations and Improvements: Rules regarding modifications to the property - include when improvements or alterations might be needed

3. Assignment and Sublicensing: Rights to transfer the license - include when there's possibility of third-party involvement

4. Force Majeure: Provisions for unforeseen circumstances - include for longer-term licenses

5. Environmental Compliance: Environmental obligations - include for industrial or commercial properties

6. Operating Hours: Specified times of operation - include for commercial properties or shared spaces

7. Signage Rights: Rules regarding display of signs - include for commercial properties

8. Intellectual Property: Protection of IP rights - include when branding or trade names are involved

Suggested Schedules

1. Property Plan: Detailed plan or map of the licensed property including boundaries and measurements

2. Property Inventory: List of fixtures, fittings, and equipment included in the license

3. Payment Schedule: Detailed breakdown of license fees and payment dates

4. Maintenance Schedule: Specific maintenance obligations and schedules for both parties

5. Condition Report: Initial condition of the property at the time of license commencement

6. Rules and Regulations: Specific rules governing the use of the property

7. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements

8. Authorized Representatives: List of authorized contacts for both parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions


































Clauses




























Relevant Industries

Real Estate

Commercial Property

Industrial

Retail

Education

Healthcare

Hospitality

Religious Institutions

Technology

Manufacturing

Warehousing

Agriculture

Entertainment

Sports and Recreation

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Compliance

Risk Management

Property Administration

Asset Management

Business Development

Contract Administration

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Corporate Lawyer

Compliance Officer

Operations Director

Business Development Manager

Asset Manager

Property Administrator

Commercial Director

Site Manager

Contract Manager

Real Estate Administrator

Risk Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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