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5 Year Lease Agreement
"I need a 5 Year Lease Agreement under Austrian law for a retail space in Vienna's shopping district, starting March 1, 2025, with specific provisions for signage rights and operating hours flexibility during tourist season."
1. Parties: Identification and details of the landlord and tenant, including full legal names, registration numbers (if applicable), and addresses
2. Background: Context of the lease agreement and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the leased premises, including address, size, and designated use
5. Lease Term: Duration of the lease, commencement date, and any renewal options
6. Rent and Other Payments: Base rent, operating costs (Betriebskosten), payment terms, and rent review mechanisms as per Austrian law
7. Security Deposit: Amount, form, and conditions for the security deposit (Kaution)
8. Use of Premises: Permitted use of the property and any restrictions
9. Maintenance and Repairs: Distribution of maintenance obligations between landlord and tenant as per MRG
10. Utilities and Services: Responsibility for utilities, including heating costs settlement as per HeizKG
11. Insurance: Required insurance coverage for both parties
12. Assignment and Subletting: Conditions for assignment and subletting rights
13. Landlord's Obligations: Core obligations of the landlord under Austrian law
14. Tenant's Obligations: Core obligations of the tenant under Austrian law
15. Termination: Termination rights and procedures according to MRG
16. Return of Premises: Conditions for returning the property at lease end
17. Governing Law: Confirmation of Austrian law governance and jurisdiction
1. Fit-out Works: Details of any initial fit-out or renovation works, applicable when premises require modification before occupancy
2. Operating Hours: Specific provisions regarding operating hours, relevant for commercial properties
3. Signage Rights: Regulations regarding external signage, particularly relevant for retail premises
4. Break Option: Early termination options, if agreed between parties
5. Green Lease Provisions: Environmental and sustainability obligations, relevant for modern commercial properties
6. Covid-19 Provisions: Specific provisions relating to pandemic situations, if required
7. Change of Control: Provisions dealing with change in tenant's ownership, relevant for corporate tenants
8. Competition Protection: Exclusivity rights for retail tenants in shopping centers or similar locations
1. Floor Plans: Detailed plans showing the leased area and common areas
2. Inventory List: List of any furniture, fixtures, or equipment included in the lease
3. Condition Report: Detailed description of the property condition at lease commencement
4. House Rules: Building regulations and rules for multi-tenant properties
5. Operating Costs Breakdown: Detailed list of operating costs and their calculation method
6. Maintenance Schedule: Schedule of maintenance responsibilities for both parties
7. Handover Protocol: Template for property handover documentation
8. Heating Costs Calculation: Method for calculating and allocating heating costs as per HeizKG
9. Fit-out Specifications: Technical specifications for any permitted tenant improvements
10. Insurance Requirements: Detailed insurance requirements for both parties
Authors
Real Estate
Retail
Office Space
Industrial
Logistics
Hospitality
Healthcare
Education
Professional Services
Manufacturing
Technology
Financial Services
Food and Beverage
Entertainment
Legal
Real Estate
Facilities Management
Operations
Finance
Risk and Compliance
Administration
Property Management
Asset Management
Business Development
Commercial
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Business Development Manager
Operations Director
Chief Financial Officer
Asset Manager
Leasing Manager
Commercial Director
Risk Manager
Compliance Officer
Contract Administrator
Real Estate Agent
Property Administrator
Finance Director
General Counsel
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