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Rent Payment Agreement
"I need a Rent Payment Agreement for a commercial warehouse in Jakarta, Indonesia, with monthly payments in Indonesian Rupiah and electronic payment terms, starting from March 2025, including provisions for a guarantor and quarterly maintenance charges."
1. Parties: Identification and details of the landlord and tenant, including their legal names, addresses, and any registration numbers for businesses
2. Background: Context of the agreement, including brief description of the property and purpose of the rental
3. Definitions: Definitions of key terms used throughout the agreement
4. Rental Amount and Payment Terms: Specified rental amount, payment schedule, method of payment, and due dates
5. Security Deposit: Amount of security deposit, terms of holding, and conditions for return
6. Duration of Agreement: Term of the rental agreement, including start and end dates
7. Payment Obligations: Detailed breakdown of all payment obligations including utilities, maintenance fees, and other charges
8. Late Payment and Penalties: Consequences of late payment, including applicable penalties and interest charges
9. Method of Payment: Specified payment methods and account details
10. Default and Remedies: Circumstances constituting default and available remedies for both parties
11. Notices: How formal notices related to payments should be given between parties
12. Governing Law: Confirmation of Indonesian law as governing law and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Guarantor Provisions: To be included when there is a third-party guarantor for the rent payments
2. Electronic Payment Terms: Detailed terms for electronic payment methods when specifically agreed
3. Currency Provisions: Required when rent is paid in a foreign currency
4. Indexation: Terms for periodic rent adjustments based on inflation or other indices
5. Force Majeure: Provisions for payment adjustments during extraordinary circumstances
6. Payment Grace Period: When specific grace periods for payments are agreed
7. Direct Debit Authorization: When automatic bank transfers are arranged
8. Sub-letting Payment Terms: When sub-letting is permitted and requires specific payment arrangements
1. Schedule 1 - Payment Schedule: Detailed breakdown of payment dates and amounts throughout the term
2. Schedule 2 - Property Details: Detailed description of the rented property
3. Schedule 3 - Utility Payment Responsibilities: Breakdown of utility payments and responsibilities
4. Schedule 4 - Bank Account Details: Designated account information for rent payments
5. Schedule 5 - Maintenance Fee Schedule: If applicable, breakdown of maintenance fees and payment schedule
6. Appendix A - Payment Receipt Template: Standard format for payment receipts
7. Appendix B - Late Payment Notice Template: Standard format for late payment notices
8. Appendix C - Payment Adjustment Forms: Forms for requesting or documenting payment adjustments
Authors
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Hospitality
Office Space
Industrial
Education
Healthcare
Logistics
Warehousing
Legal
Real Estate
Property Management
Finance
Operations
Facilities Management
Contract Administration
Accounts Receivable
Tenant Relations
Asset Management
Compliance
Administrative Services
Property Manager
Real Estate Manager
Legal Counsel
Contract Administrator
Facilities Manager
Leasing Manager
Property Administrator
Real Estate Agent
Housing Officer
Tenant Relations Manager
Asset Manager
Financial Controller
Accounts Receivable Manager
Operations Manager
Compliance Officer
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