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Ground Lease Agreement
"I need a Ground Lease Agreement for a 30-year lease of a 2-hectare industrial plot in Singapore, where the tenant will construct and operate a manufacturing facility, with development to commence by March 2025."
1. Parties: Identifies and defines the lessor and lessee
2. Background: Provides context and purpose of the ground lease
3. Definitions: Defines key terms used throughout the agreement
4. Demise and Term: Specifies the property being leased and duration of lease
5. Rent and Payment Terms: Details rent amount, payment schedule, and review mechanisms
6. Permitted Use: Specifies allowed uses of the land
7. Development Rights and Obligations: Outlines construction and development requirements
8. Maintenance and Repair: Details maintenance responsibilities
9. Insurance Requirements: Specifies required insurance coverage
10. Assignment and Subletting: Details transfer and sublease rights
1. Break Clause: Early termination provisions - used when parties want flexibility to end lease early
2. Extension Options: Terms for extending lease period - used when parties want to include renewal options
3. Environmental Provisions: Environmental compliance requirements - used for environmentally sensitive properties
4. Development Milestones: Specific development timeline requirements - used when development is required within specific timeframes
1. Property Plan: Detailed plan showing the leased property boundaries
2. Rent Schedule: Detailed breakdown of rent payments and review dates
3. Permitted Use Schedule: Detailed list of permitted uses and restrictions
4. Development Plans: Approved plans for development of the property
5. Service Charge Schedule: Breakdown of service charges and maintenance costs
6. Insurance Requirements: Detailed insurance specifications
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