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Property License Agreement
"I need a Property License Agreement for a commercial office space in Singapore, allowing multiple startups to use shared workspaces and meeting rooms from January 2025, with specific provisions for 24/7 access and shared utilities."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context and purpose of the license agreement
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and terms of the license being granted
5. License Period: Duration and term of the license
6. License Fee: Payment terms and schedule
7. Permitted Use: Allowed uses of the property
8. Maintenance and Repairs: Responsibilities for property upkeep
9. Termination: Conditions and process for ending the agreement
1. Security Deposit: Terms of security deposit, including amount, payment timing, and conditions for return
2. Alterations and Improvements: Rules and restrictions regarding property modifications and improvements
3. Utilities and Services: Responsibility for utility payments and services maintenance
4. Insurance: Insurance requirements, coverage types, and obligations of each party
1. Schedule 1 - Property Details: Detailed description of the licensed property including address and specifications
2. Schedule 2 - Floor Plan: Layout and measurements of the property
3. Schedule 3 - Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the license
4. Schedule 4 - House Rules: Specific rules and regulations governing the use of the property
5. Schedule 5 - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates
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