The Property License Agreement serves as a crucial legal instrument in Pakistani property transactions, providing a framework for temporary property usage rights without transferring ownership. This document is essential when parties need to establish clear terms for property use without entering into a lease or sale arrangement. It is particularly relevant in commercial contexts, religious property management (including Waqf properties), and government property utilization. The agreement must comply with Pakistani legal requirements, including the Contract Act 1872, Transfer of Property Act 1882, and relevant provincial regulations. It typically includes detailed provisions for property usage, duration, fees, maintenance responsibilities, and compliance requirements. This type of agreement is commonly used for commercial spaces, temporary facilities, shared workspaces, and specialized property arrangements where full leasehold rights are not desired or appropriate.
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1. Parties: Identification and details of the Licensor and Licensee, including their legal status and contact information
2. Background: Context of the agreement, including brief description of the property and purpose of the license
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Grant of License: Specific terms of the license grant, including scope, nature (exclusive/non-exclusive), and permitted use
5. Property Details: Detailed description of the licensed property, including location, boundaries, and relevant features
6. Term and Termination: Duration of the license, renewal provisions, and circumstances for termination
7. License Fee: Payment terms, amounts, payment schedule, and review mechanisms
8. Licensee's Obligations: Responsibilities and restrictions on the Licensee's use of the property
9. Licensor's Obligations: Responsibilities of the Licensor, including maintenance and access provisions
10. Insurance and Liability: Insurance requirements and allocation of risks between parties
11. Compliance with Laws: Obligations to comply with relevant laws, regulations, and obtain necessary permits
12. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes
13. Notices: Process and requirements for formal communications between parties
14. Boilerplate Clauses: Standard legal provisions including severability, entire agreement, and amendments
1. Fit-Out Works: Include when the Licensee is permitted to make modifications or improvements to the property
2. Utilities and Services: Include when arrangements for utilities need to be specified separately from main obligations
3. Security Deposit: Include when a security deposit is required, specifying amount and terms
4. Sub-licensing Rights: Include when sub-licensing is permitted, specifying conditions and restrictions
5. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
6. Environmental Compliance: Include for properties where environmental concerns are significant
7. Islamic Finance Compliance: Include when the agreement needs to comply with Islamic finance principles
8. Property Management: Include for properties within managed facilities or complexes
1. Property Plan: Detailed plans, drawings, or maps of the licensed property
2. License Fee Schedule: Detailed breakdown of fees, payment dates, and calculation methods
3. Permitted Use: Detailed description of allowed activities and use restrictions
4. Condition Report: Documentation of property condition at commencement of license
5. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
6. Fit-Out Specifications: Technical specifications for any permitted modifications
7. Building Rules: Applicable building rules and regulations if property is part of a larger complex
8. Service Level Agreement: Details of any services to be provided by the Licensor
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Commercial Property
Retail
Education
Healthcare
Hospitality
Manufacturing
Logistics
Technology
Agriculture
Religious Institutions
Government and Public Sector
Banking and Financial Services
Relevant Teams
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Corporate Services
Business Development
Property Administration
Asset Management
Relevant Roles
Property Manager
Real Estate Director
Facilities Manager
Legal Counsel
Commercial Director
Operations Manager
Chief Financial Officer
Compliance Officer
Asset Manager
Business Development Manager
Property Administrator
Risk Manager
Corporate Services Manager
Site Manager
Real Estate Investment Manager
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