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Exclusive Lease Agreement
"I need an Exclusive Lease Agreement for a high-end retail space in Jakarta's Central Business District, ensuring no competing luxury fashion brands can operate within 500 meters of our location, with the lease term starting March 1, 2025."
1. Parties: Identification of the lessor and lessee, including complete legal names, addresses, and registration numbers for companies
2. Background: Context of the lease arrangement, property overview, and purpose of the exclusive arrangement
3. Definitions: Definitions of key terms used throughout the agreement, including property, exclusive rights, permitted use, etc.
4. Grant of Lease: Formal grant of lease rights and explicit statement of exclusivity provisions
5. Term and Renewal: Duration of the lease, commencement date, expiry date, and renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and payment methods
7. Exclusive Rights and Restrictions: Detailed scope of exclusive rights, territorial limitations, and restrictions on lessor
8. Permitted Use: Specified permitted uses of the property and any restrictions on use
9. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements
10. Insurance and Liability: Required insurance coverage and allocation of risks between parties
11. Assignment and Subletting: Restrictions and conditions for assignment or subletting of the lease
12. Termination: Grounds for termination, notice requirements, and consequences of termination
13. Governing Law and Dispute Resolution: Application of Indonesian law and dispute resolution mechanisms
14. Execution: Formal execution clause and signing requirements under Indonesian law
1. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in areas prone to natural disasters
2. Utilities and Services: Include when utilities are not included in rent or require special arrangements
3. Alterations and Improvements: Required when tenant plans significant modifications to the property
4. Environmental Compliance: Necessary for properties in environmentally sensitive areas or industrial use
5. Security Arrangements: Include for high-value properties or those requiring specific security measures
6. Foreign Investment Provisions: Required when lessee is a foreign entity, addressing Indonesian foreign investment requirements
7. Language Requirements: Dual language provisions required when one party is non-Indonesian
8. Operating Hours and Access: Relevant for commercial properties in shared or managed buildings
1. Property Description: Detailed description of the leased property, including floor plans and boundaries
2. Rent Schedule: Detailed breakdown of rent payments, including escalation rates and review periods
3. Condition Report: Initial condition of the property with photographs and descriptions
4. Permitted Alterations: Pre-approved alterations or improvements that may be carried out
5. Building Rules: Applicable building rules and regulations, particularly for commercial properties
6. Maintenance Schedule: Detailed maintenance responsibilities and schedules for both parties
7. Exclusive Rights Details: Specific details of exclusive rights, including territorial maps if applicable
8. Required Permits: List of required governmental permits and licenses for the intended use
Authors
Retail
Commercial Real Estate
Industrial
Hospitality
Shopping Centers
Office Space
Manufacturing
Warehousing and Logistics
Food and Beverage
Entertainment
Healthcare
Education
Legal
Real Estate
Operations
Facilities Management
Commercial
Finance
Compliance
Property Management
Business Development
Asset Management
Retail Operations
Contract Administration
Real Estate Manager
Property Manager
Legal Counsel
Commercial Director
Operations Manager
Facilities Manager
Business Development Manager
Retail Operations Director
Asset Manager
Leasing Manager
Compliance Officer
Contract Administrator
Chief Financial Officer
Store Manager
Regional Manager
Property Development Director
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