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Standard Industrial Lease Agreement
"I need a Standard Industrial Lease Agreement for a 50,000 sq ft warehouse facility in Manchester, with a 10-year term starting March 2025, including break clauses at years 3 and 6, and specific provisions for heavy machinery installation and 24/7 operation."
1. Parties: Details of landlord and tenant, including registered addresses and company information
2. Background: Context of the lease, property description, and any relevant historical information
3. Definitions: Key terms and interpretations used throughout the lease agreement
4. Demise: The formal grant of the lease, term length, and commencement date
5. Rent and Payment Terms: Rent amount, payment dates, method of payment, and interest on late payments
6. Tenant Covenants: Core obligations of the tenant including repair, maintenance, use restrictions, and statutory compliance
7. Landlord Covenants: Core obligations of the landlord including quiet enjoyment and insurance obligations
8. Insurance: Insurance requirements, obligations, and procedure for reinstatement
9. Assignment and Underletting: Provisions regarding transfer of lease and subletting arrangements
10. Termination: Events of default and termination provisions
1. Break Clause: Optional provisions for early termination of the lease by either party
2. Service Charge: Provisions for shared services and recovery of costs in multi-let properties
3. Alterations and Improvements: Specific provisions regarding modifications to premises and improvement works
4. Environmental Matters: Specific environmental obligations and compliance requirements
5. Security Provisions: Requirements for rent deposit and/or guarantor arrangements
1. Schedule 1 - Property Plan: Detailed plan and description of the demised premises
2. Schedule 2 - Rights Granted: Specific rights granted to tenant including access, utilities, and parking
3. Schedule 3 - Rights Reserved: Rights retained by landlord over the property
4. Schedule 4 - Service Charge: Detailed service charge provisions, calculations, and included services
5. Schedule 5 - Rent Review: Detailed rent review provisions, timing, and calculation methodology
6. Schedule 6 - Condition Schedule: Schedule documenting the condition of the property at lease commencement
7. Schedule 7 - Permitted Use: Detailed description of permitted use and any specific restrictions
Authors
Base Rate
Break Date
Building
Common Parts
Conducting Media
Contractual Term
Default Interest Rate
Demised Premises
Environmental Laws
Guarantor
Insured Risks
Interest
Landlord
Landlord's Fixtures
Lease
Permitted Use
Planning Acts
Premium
Property
Quarter Days
Rent
Rent Commencement Date
Rent Payment Dates
Review Date
Service Charge
Service Media
Tenant
Tenant's Fixtures
Term
Term Commencement Date
Title Matters
Uninsured Risks
VAT
Working Day
Rent Payment
Rent Review
Service Charge
Insurance
Repair and Maintenance
Alterations and Improvements
Use Restrictions
Assignment and Subletting
Break Rights
Quiet Enjoyment
Alienation
Termination
Yielding Up
Environmental Compliance
Health and Safety
Planning and Building Regulations
Utilities and Services
Access Rights
Security
Signage
Costs and Expenses
VAT
Force Majeure
Notices
Indemnities
Forfeiture
Dispute Resolution
Guarantees
Statutory Compliance
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