The License Agreement For Use Of Real Property serves as a crucial legal instrument in Pakistani property transactions where temporary or limited property use rights are required without transferring possession or creating a leasehold interest. This document is commonly used in situations requiring flexible property arrangements, such as pop-up stores, temporary event spaces, or shared workspace arrangements. It must comply with Pakistani property law, particularly the Transfer of Property Act 1882 and related regulations. The agreement typically includes detailed provisions on permitted use, duration, fee structure, maintenance responsibilities, and termination rights, while ensuring the licensor retains primary control over the property. This type of agreement offers more flexibility than traditional leases and is particularly suitable for short-term or specific-purpose property usage arrangements.
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1. Parties: Identification and details of the Licensor and Licensee
2. Background: Context of the agreement and brief description of the property and intended use
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of License: Specific terms of the license grant and permitted use of the property
5. Property Description: Detailed description of the licensed property and any included facilities
6. Term and Termination: Duration of the license and conditions for termination
7. License Fee: Payment terms, amounts, and schedule for the license fee
8. Use Restrictions: Specific limitations on how the property may be used
9. Maintenance and Repairs: Responsibilities for property maintenance and repairs
10. Utilities and Services: Arrangements for utility payments and essential services
11. Access and Security: Rules regarding access to the property and security arrangements
12. Compliance with Laws: Obligation to comply with relevant laws and regulations
13. Insurance: Required insurance coverage and responsibilities
14. Governing Law: Specification of Pakistani law as governing law
15. Dispute Resolution: Process for resolving disputes between parties
1. Sublicensing: Terms for sublicensing, if permitted
2. Alterations: Terms regarding modifications to the property, if allowed
3. Environmental Matters: Special provisions for environmentally sensitive properties
4. Force Majeure: Provisions for unforeseen circumstances affecting the agreement
5. Security Deposit: Terms for security deposit if required
6. Signage Rights: Terms for installing signs or branding on the property
7. Shared Facilities: Terms for use of common areas or shared facilities
8. Operating Hours: Specific times during which the property may be accessed or used
9. Parking Rights: Terms regarding parking facilities if applicable
1. Schedule 1 - Property Plan: Detailed plan or map of the licensed property
2. Schedule 2 - Payment Schedule: Detailed breakdown of license fees and payment dates
3. Schedule 3 - Permitted Use: Detailed description of allowed activities and use cases
4. Schedule 4 - Property Inventory: List of any furniture, equipment or fixtures included in the license
5. Schedule 5 - Service Levels: Details of any services to be provided by the licensor
6. Schedule 6 - House Rules: Specific rules and regulations for property use
7. Appendix A - Required Insurances: Detailed insurance requirements and coverage limits
8. Appendix B - Maintenance Schedule: Schedule of regular maintenance activities and responsibilities
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