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Retail Lease Agreement
"I need a Retail Lease Agreement for a 1,500 square foot fashion store in a Singapore shopping mall, with a 3-year term starting January 2025 and including provisions for percentage rent based on monthly sales."
1. Parties: Identifies and defines the landlord and tenant with full legal names and addresses
2. Background: Sets out the context of the lease and basic details of the property
3. Definitions: Defines key terms used tHRoughout the agreement
4. Demise: Specifies the exact premises being leased and any included facilities
5. Term and Renewal: Details the duration of the lease and any renewal options
6. Rent and Payment Terms: Specifies rent amount, payment schedule, and review mechanisms
7. Security Deposit: Details of required deposit and conditions for return
8. Permitted Use: Specifies allowed uses of the premises
9. Maintenance and Repairs: Outlines responsibilities for maintenance and repairs
10. Insurance: Required insurance coverage for both parties
11. Termination: Conditions and procedures for lease termination
1. Fit-out Works: Details of any tenant improvements or modifications - include when premises requires renovation or modification
2. Operating Hours: MaNDAtory business hours provisions - include for shopping mall or similar retail environments
3. Sales Reports: Requirements for reporting sales figures - include when rent includes turnover component
4. Environmental Obligations: Specific environmental requirements - include for premises with specific environmental concerns
1. Floor Plan: Detailed plan showing the leased premises
2. Inventory List: List of fixtures and fittings included in the lease
3. House Rules: Building or mall regulations and guidelines
4. Fit-out Guidelines: Technical specifications for any renovation works
5. Service Charge Schedule: Breakdown of service charges and utilities
6. Handover Form: Condition report at commencement of lease
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