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Simple Commercial Lease
"I need a Simple Commercial Lease for a retail space in Kuala Lumpur, starting from March 1, 2025, with specific provisions for operating a restaurant business and requirements for kitchen ventilation systems."
1. Parties: Identification of the landlord and tenant, including full legal names, registration numbers for companies, and addresses
2. Background: Brief context of the lease arrangement and property ownership
3. Definitions: Definitions of key terms used throughout the lease agreement
4. Demised Premises: Detailed description of the leased property, including location, size, and boundaries
5. Term and Possession: Duration of the lease, commencement date, and possession details
6. Rent and Security Deposit: Rental amount, payment terms, security deposit requirements, and review mechanisms
7. Utilities and Service Charges: Responsibilities for utility payments and service charge contributions
8. Use of Premises: Permitted use of the property and any restrictions
9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
10. Insurance: Insurance requirements for both landlord and tenant
11. Assignment and Subletting: Conditions for assigning or subletting the premises
12. Landlord's Covenants: Obligations and promises of the landlord
13. Tenant's Covenants: Obligations and promises of the tenant
14. Termination: Circumstances and procedures for early termination
15. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Fit-Out Works: Details of any permitted renovations or modifications, to be included if tenant will perform initial fit-out works
2. Option to Renew: Terms for lease renewal, included if parties agree to potential extension
3. Break Clause: Conditions for early termination by either party, included if agreed
4. Green Building Requirements: Environmental compliance requirements, included for green-certified buildings
5. Guarantee: Terms of any corporate or personal guarantee, included if additional security is required
6. COVID-19 Provisions: Special provisions relating to pandemic situations, included if specifically requested
7. Car Parking: Allocation and terms of car parking spaces, if applicable
1. Schedule 1 - Property Details: Detailed description of the premises including floor plans and measurements
2. Schedule 2 - Rent and Payment Terms: Detailed breakdown of rent, payment dates, and review mechanisms
3. Schedule 3 - Service Charges: List of service charges and calculation methodology
4. Schedule 4 - Building Rules and Regulations: Specific rules and regulations for the use of the premises and common areas
5. Schedule 5 - Condition Report: Initial condition of the premises with photographs and descriptions
6. Schedule 6 - Fit-Out Guidelines: Technical specifications and requirements for any permitted renovations
7. Schedule 7 - Handover Form: Template for property handover documentation
8. Appendix A - Special Conditions: Any additional terms specific to this lease
Authors
Real Estate
Retail
Food & Beverage
Professional Services
Healthcare
Technology
Manufacturing
Education
Financial Services
Logistics
Hospitality
Legal
Operations
Finance
Real Estate
Facilities Management
Risk & Compliance
Administrative
Property Management
Property Manager
Real Estate Manager
Business Owner
Facilities Manager
Legal Counsel
Operations Manager
Commercial Director
Chief Financial Officer
Lease Administrator
Real Estate Agent
Property Developer
Asset Manager
Company Secretary
Risk Manager
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