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10 Year Lease Agreement
"I need a 10 Year Lease Agreement under Indonesian law for a manufacturing facility in Jakarta Industrial Park, commencing March 1, 2025, with specific provisions for waste management and environmental compliance, including options for early termination after the fifth year."
1. Parties: Identification of the lessor and lessee with complete legal names and addresses
2. Background: Context of the lease agreement, including brief description of the property and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Formal grant of the lease and specification of the leased premises
5. Term: Duration of the lease, including commencement and expiry dates
6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Amount, terms, and conditions for the security deposit
8. Use of Premises: Permitted and prohibited uses of the property
9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
10. Utilities and Services: Responsibilities for utilities, services, and associated costs
11. Insurance: Required insurance coverage for both parties
12. Compliance with Laws: Obligations to comply with applicable laws and regulations
13. Assignment and Subletting: Rights and restrictions regarding assignment and subletting
14. Alterations and Improvements: Rules regarding modifications to the premises
15. Lessor's Covenants: Obligations and warranties of the lessor
16. Lessee's Covenants: Obligations and warranties of the lessee
17. Default and Remedies: Events of default and available remedies
18. Termination: Conditions and procedures for lease termination
19. Return of Premises: Conditions for returning the property at lease end
20. Notices: Process for formal communications between parties
21. Governing Law: Specification of Indonesian law as governing law
22. Dispute Resolution: Procedures for resolving disputes
1. Force Majeure: Provisions for unforeseen circumstances - recommended for areas prone to natural disasters
2. Option to Renew: Terms for lease renewal - include if parties want to consider extension beyond 10 years
3. Break Clause: Early termination options - include if parties want flexibility to end lease early
4. Rent Review: Mechanisms for periodic rent adjustments - important for long-term commercial leases
5. Green Lease Provisions: Environmental and sustainability requirements - include for modern commercial buildings
6. Service Charge: Details of service charge calculations - necessary for multi-tenant buildings
7. Parking: Parking rights and restrictions - include if parking facilities are part of the lease
8. Signage Rights: Rules regarding external and internal signage - important for commercial properties
9. Common Areas: Rights and obligations regarding shared spaces - necessary for multi-tenant properties
10. Building Management: Building management rules - include for properties within managed complexes
1. Schedule 1 - Property Description: Detailed description of the premises, including floor plans and measurements
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments and escalation schedule
3. Schedule 3 - Condition Report: Initial condition of the premises with photographs and descriptions
4. Schedule 4 - Building Rules and Regulations: Specific rules and regulations governing the use of the building
5. Schedule 5 - Maintenance Schedule: Detailed maintenance responsibilities and schedules for both parties
6. Schedule 6 - Permitted Alterations: List of alterations that can be made without specific consent
7. Schedule 7 - Service Charges: Breakdown of service charges and calculation method
8. Appendix A - Required Insurance Coverage: Detailed insurance requirements for both parties
9. Appendix B - Form of Bank Guarantee: Template for bank guarantee if required instead of cash deposit
10. Appendix C - Handover Protocol: Procedures and checklist for property handover at start and end of lease
Authors
Commercial Real Estate
Retail
Manufacturing
Hospitality
Office Space
Industrial
Logistics and Warehousing
Education
Healthcare
Banking and Financial Services
Technology and Data Centers
Entertainment and Leisure
Legal
Real Estate
Finance
Operations
Facilities Management
Compliance
Risk Management
Corporate Affairs
Property Management
Business Development
Asset Management
Chief Executive Officer
Chief Financial Officer
Property Manager
Facilities Manager
Real Estate Director
Legal Counsel
Operations Manager
Commercial Director
Asset Manager
Compliance Officer
Finance Manager
Business Development Manager
Corporate Real Estate Manager
Risk Manager
Property Development Director
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