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Lease & License Agreement
"I need a Lease & License Agreement for a Grade A commercial office space in Central, Hong Kong, with a 3-year term starting March 1, 2025, including provisions for fit-out period and option to renew for two additional years."
1. Parties: Identification and details of the landlord and tenant, including full legal names, addresses, and company registration numbers if applicable
2. Background: Context of the agreement, including brief description of the property and purpose of the lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Specific details of what is being leased, including the exact premises description and any included fixtures/fittings
5. Term: Duration of the lease, including start and end dates, and any option to renew
6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment consequences
7. Deposit: Security deposit amount, terms of holding, and conditions for return
8. Use of Premises: Permitted use of the property and any restrictions
9. Utilities and Services: Responsibility for utilities, services, and associated charges
10. Maintenance and Repairs: Responsibilities of both parties regarding maintenance, repairs, and alterations
11. Insurance: Insurance requirements for both parties
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. Assignment and Subletting: Rights and restrictions regarding assignment or subletting of the premises
16. Notices: Process for serving notices between parties
17. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction
18. Execution: Signature blocks and execution details
1. Break Clause: Optional provision allowing early termination under specific circumstances - include when parties want flexibility to end lease early
2. Rent Review: Mechanisms for reviewing and adjusting rent during the term - include for longer leases
3. Option to Renew: Terms for lease renewal - include when parties want to pre-agree renewal terms
4. Fit-out Works: Provisions regarding initial renovation or fit-out works - include for premises requiring tenant modifications
5. Service Charge: Details of service charge for building maintenance and services - include for properties in managed buildings
6. Car Parking: Rights and terms relating to car parking spaces - include when parking is part of the lease
7. Green Lease Provisions: Environmental and sustainability obligations - include for environmentally conscious arrangements
8. Quiet Enjoyment: Extended provisions regarding tenant's right to peaceful occupation - include for additional tenant protection
1. Schedule 1 - Property Description: Detailed description of the premises including floor plans and boundaries
2. Schedule 2 - Inventory: List of fixtures, fittings, and furniture included in the lease
3. Schedule 3 - Building Rules and Regulations: Specific rules and regulations governing the use of the building
4. Schedule 4 - Rent Payment Schedule: Detailed breakdown of rent payments and due dates
5. Schedule 5 - Service Charge Details: Breakdown of service charge components and calculations
6. Schedule 6 - Condition Report: Initial condition of the premises with photographs
7. Appendix A - Plans and Drawings: Floor plans, layout drawings, and location maps
8. Appendix B - Handover Form: Template for property handover documentation
Authors
Building
Building Manager
Building Rules
Business Day
Commencement Date
Common Areas
Condition Report
Deposit
Expiry Date
Government
Government Rent
Interest Rate
Land Registry
Landlord
License Fee
Management Company
Management Fees
Permitted Use
Premises
Property
Rates
Rent
Rent Commencement Date
Schedule of Condition
Service Charge
Term
Tenant
Utilities
Working Hours
Fitting Out Works
Force Majeure Event
Hong Kong
Initial Term
Insurance Rent
Management Share
Option to Renew
Parties
Payment Day
Planning Laws
Renewal Term
Security Deposit
Stamp Duty
Structural Parts
Termination Date
Title Documents
Transaction Documents
Undivided Shares
Term
Rent
Deposit
Payment Terms
Utilities
Use of Premises
Alterations and Improvements
Maintenance and Repair
Insurance
Assignment and Subletting
Landlord's Covenants
Tenant's Covenants
Quiet Enjoyment
Default and Remedies
Termination
Force Majeure
Property Management
Common Areas
Building Rules
Health and Safety
Environmental Compliance
Access Rights
Indemnification
Liability
Notices
Stamp Duty
Registration
Governing Law
Dispute Resolution
Entire Agreement
Severability
Costs and Expenses
Representations and Warranties
Compliance with Laws
Service Charge
Option to Renew
Break Clause
Yielding Up
Condemnation and Damage
Real Estate
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Technology
Financial Services
Professional Services
Manufacturing
Logistics
Food & Beverage
Entertainment
Legal
Real Estate
Facilities Management
Operations
Finance
Procurement
Compliance
Risk Management
Corporate Services
Administration
Property Manager
Facilities Manager
Real Estate Director
Legal Counsel
Operations Manager
Chief Financial Officer
Business Development Manager
Asset Manager
Leasing Manager
Corporate Services Manager
Real Estate Agent
Property Administrator
Compliance Officer
Risk Manager
Space Planning Manager
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