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Exclusive Rental Agreement
"I need an Exclusive Rental Agreement for a high-end commercial property in Jakarta's business district, starting from March 2025, with strict provisions for sole occupancy rights and specific clauses for operating a luxury retail business."
1. Parties: Identification of the landlord and tenant with complete legal names and addresses
2. Background: Context of the rental agreement and brief description of the property
3. Definitions: Key terms used throughout the agreement including 'Exclusive Use', 'Premises', 'Term', and 'Rental Period'
4. Property Details: Comprehensive description of the rental property and its boundaries
5. Term and Commencement: Duration of the rental agreement and start date
6. Rental Payment: Rent amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit
8. Exclusive Rights: Detailed description of the tenant's exclusive rights to the property
9. Permitted Use: Specified purposes for which the property may be used
10. Tenant Obligations: Comprehensive list of tenant responsibilities including maintenance, repairs, and conduct
11. Landlord Obligations: Comprehensive list of landlord responsibilities and services to be provided
12. Utilities and Services: Responsibility for utility connections, payments, and maintenance
13. Insurance: Required insurance coverage for both parties
14. Maintenance and Repairs: Responsibilities for property maintenance and repair procedures
15. Default and Remedies: Consequences of breach and available remedies for both parties
16. Termination: Conditions and procedures for ending the agreement
17. Governing Law: Specification of Indonesian law as governing law and jurisdiction
18. Notices: Process for formal communications between parties
19. Execution: Signature blocks and execution requirements
1. Subletting and Assignment: Include when subletting might be permitted under specific conditions
2. Alterations and Improvements: Include when tenant may be allowed to make changes to the property
3. Common Areas: Include when the property includes shared facilities or spaces
4. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
5. Building Rules: Include when the property is part of a larger complex or building
6. Option to Renew: Include when offering the tenant an option to extend the rental period
7. Break Clause: Include when early termination options are to be provided
8. Guarantor: Include when a guarantor is required for the tenant's obligations
9. Pest Control: Include in tropical areas or where pest control is a significant concern
1. Schedule 1 - Property Inventory: Detailed list of furnishings, appliances, and their condition
2. Schedule 2 - Property Floor Plan: Detailed plan showing the layout and boundaries of the rental property
3. Schedule 3 - Utility Meters: Initial meter readings and meter locations
4. Schedule 4 - Building Rules: Specific rules and regulations for the property or building complex
5. Schedule 5 - Maintenance Schedule: Regular maintenance requirements and schedules
6. Appendix A - Photo Documentation: Photographs of the property condition at commencement
7. Appendix B - Required Permits: Copies of relevant permits and certificates
8. Appendix C - Payment Schedule: Detailed breakdown of all payments including rent, deposits, and other charges
Authors
Real Estate
Property Management
Residential Property
Commercial Property
Retail
Hospitality
Industrial
Office Space
Warehousing
Tourism
Education (student housing)
Healthcare (medical facilities)
Legal
Real Estate
Property Management
Facilities Management
Operations
Compliance
Risk Management
Contract Administration
Asset Management
Tenant Relations
Building Operations
Administrative Services
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Contract Administrator
Compliance Officer
Real Estate Agent
Leasing Manager
Asset Manager
Property Administrator
Building Manager
Operations Manager
Tenant Relations Manager
Risk Manager
Business Development Manager
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