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Exclusive Lease Agreement
"I need an Exclusive Lease Agreement for a Grade A office space in Central, Hong Kong, starting March 1, 2025, with a 3-year term and special provisions for green building compliance and sustainable operation requirements."
1. Parties: Identification of the landlord and tenant with full legal names and addresses
2. Background: Context of the agreement and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Formal grant of the lease and description of the property
5. Term and Possession: Duration of the lease, commencement date, and possession details
6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment
7. Deposit: Security deposit amount, terms of holding and return
8. Tenant's Covenants: Tenant's obligations including maintenance, use restrictions, and compliance with regulations
9. Landlord's Covenants: Landlord's obligations including quiet enjoyment and structural repairs
10. Utilities and Services: Responsibility for utilities, services, and associated charges
11. Insurance: Required insurance coverage and responsibilities
12. Termination: Grounds and procedures for early termination
13. Assignment and Subletting: Restrictions on assignment and subletting
14. Notices: Process for giving formal notices under the agreement
15. Governing Law: Confirmation of Hong Kong law as governing law
16. Execution: Signature blocks and execution formalities
1. Break Clause: Optional provision allowing early termination under specific circumstances
2. Rent Review: Mechanism for reviewing and adjusting rent during longer leases
3. Option to Renew: Terms for extending the lease beyond the initial term
4. Alterations and Improvements: Specific provisions for allowing/restricting modifications to the property
5. Car Parking: Terms relating to car parking rights if applicable
6. Pet Clause: Terms regarding keeping pets in the property
7. Management Rules: Specific building or estate management rules if part of a managed complex
8. Green Lease Provisions: Environmental and sustainability requirements
9. Force Majeure: Provisions dealing with extraordinary events affecting the lease
1. Schedule 1 - Property Description: Detailed description of the property including floor plan and boundaries
2. Schedule 2 - Inventory: List of fixtures, fittings, and furniture included in the lease
3. Schedule 3 - Building Rules: Specific rules and regulations of the building or complex
4. Schedule 4 - Rent Payment Schedule: Detailed breakdown of rent payments and due dates
5. Schedule 5 - Condition Report: Initial condition of the property with photographs
6. Appendix A - Floor Plan: Detailed floor plan of the property
7. Appendix B - Photographs: Photographic evidence of property condition at commencement
8. Appendix C - Utilities Reading: Initial utility meter readings at commencement
Authors
Real Estate
Commercial Property
Residential Property
Retail
Office Space
Industrial Property
Hospitality
Healthcare
Education
Financial Services
Legal
Real Estate
Operations
Facilities Management
Finance
Compliance
Risk Management
Property Management
Asset Management
Administration
Property Manager
Real Estate Agent
Leasing Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Property Director
Asset Manager
Operations Manager
Chief Financial Officer
Commercial Director
Compliance Officer
Risk Manager
Real Estate Investment Manager
Property Administrator
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