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10 Year Lease Agreement
"Need a 10 Year Lease Agreement for a 50,000 square foot industrial warehouse in Singapore's Jurong area, with an international logistics company as tenant, starting March 2025, including specific provisions for heavy machinery installation and 24/7 operations."
1. Parties: Details of landlord and tenant, including registration numbers and addresses
2. Background: Context of the lease arrangement and property details
3. Definitions: Key terms used throughout the agreement
4. Demise: Description of property being leased and term of lease
5. Rent and Payment Terms: Rental amount, payment schedule, and review mechanisms
6. Tenant's Covenants: Obligations of the tenant including maintenance, use, and insurance
7. Landlord's Covenants: Obligations of the landlord including quiet enjoyment and structural repairs
8. Termination Provisions: Circumstances and procedures for early termination
1. Break Clause: Optional provisions for early termination options - include when parties want flexibility to end lease early
2. Rent Review: Optional mechanism for adjusting rent - include for longer leases where market conditions may change
3. Service Charge Provisions: Optional provisions for additional charges for building services - include for multi-tenant buildings with shared services
4. Assignment and Subletting: Optional provisions for rights to transfer lease or sublet - include when tenant may need flexibility to transfer rights
1. Property Plan: Detailed floor plan and property boundaries
2. Inventory: List of fixtures, fittings, and equipment included
3. Service Charge Schedule: Breakdown of service charges and calculation method
4. Permitted Use: Detailed description of allowed property usage
5. State of Repair Schedule: Condition report at start of lease
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