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Basement Lease Agreement
"I need a Basement Lease Agreement for a commercial basement space in central London to be used as a wine storage facility, with a 10-year term starting March 2025 and including specific provisions for temperature control and humidity maintenance."
1. Parties: Identification and details of the landlord and tenant
2. Background: Context of the lease and property description
3. Definitions: Key terms used throughout the agreement
4. Demise: Precise description of the leased basement space and any rights granted
5. Term: Duration of the lease and any break clauses
6. Rent and Payment Terms: Rent amount, payment schedule, and review provisions
7. Repair and Maintenance: Obligations regarding upkeep of the premises
8. Insurance: Insurance requirements and responsibilities
1. Service Charge: Details of service charges when the basement is part of a larger building with shared services
2. Alterations: Provisions regarding modifications to the space when allowing or restricting structural changes
3. User Clause: Permitted use of the basement space when specific uses need to be permitted or restricted
1. Floor Plan: Detailed plan showing the demised premises
2. State of Condition: Schedule documenting the condition at lease commencement
3. Rights and Reservations: Detailed list of rights granted and reserved
4. Service Charge Schedule: Breakdown of service charge calculations and items covered
5. Regulations: Building regulations and rules applicable to basement use
Authors
Building
Common Parts
Conduits
Demised Premises
Environmental Laws
Insured Risks
Landlord's Fixtures
Lease
Permitted Use
Planning Acts
Premium
Property
Rent
Rent Payment Dates
Review Date
Service Charge
Service Media
Structural Parts
Superior Landlord
Superior Lease
Term
Term Commencement Date
Utilities
VAT
Working Day
Yearly Rent
Term and Renewal
Rent
Rent Review
Service Charge
Insurance
Repair and Decoration
Alterations
Use Restrictions
Assignment and Underletting
Utilities and Services
Access Rights
Quiet Enjoyment
Landlord's Covenants
Tenant's Covenants
Termination
Break Rights
Planning and Compliance
Health and Safety
Environmental Matters
Notices
Costs
VAT
Registration
Dispute Resolution
Force Majeure
Alienation
Yielding Up
Indemnities
Forfeiture
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