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Long Term Rental Agreement
"I need a Long Term Rental Agreement for a commercial office space in Mumbai, starting March 2025, with specific provisions for IT infrastructure modifications and 24/7 access rights for a technology company tenant."
1. Parties: Details of the landlord/lessor and tenant/lessee including full names, addresses, and contact information
2. Background: Context of the rental arrangement and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the rental property including address, boundaries, and permitted usage
5. Term and Renewal: Duration of the lease, commencement date, and renewal terms
6. Rent and Payment Terms: Rent amount, payment schedule, payment method, and escalation clauses
7. Security Deposit: Amount, payment terms, conditions for refund, and deductions
8. Utilities and Maintenance: Responsibility for utilities, maintenance obligations of both parties
9. Rights and Obligations of the Landlord: Detailed listing of landlord's responsibilities and rights
10. Rights and Obligations of the Tenant: Detailed listing of tenant's responsibilities and rights
11. Restricted Uses: Prohibited activities and usage restrictions
12. Insurance: Insurance requirements for both parties
13. Default and Remedies: Events of default and corresponding remedies
14. Termination: Grounds for termination and notice requirements
15. Registration and Stamp Duty: Provisions regarding agreement registration and stamp duty payment
16. Governing Law and Jurisdiction: Applicable laws and jurisdiction for dispute resolution
17. Notices: Method and addresses for serving notices
18. Miscellaneous: Standard boilerplate provisions including force majeure, severability, etc.
1. Lock-in Period: Minimum period during which neither party can terminate the lease, used when parties want to ensure stability
2. Fit-out Period: Period allowed for tenant modifications, typically used in commercial rentals
3. Sub-letting: Terms for sub-letting if permitted, include when sub-letting might be needed
4. Property Management: Required for properties in managed communities or buildings with facility management
5. Structural Changes: Terms for making structural modifications, relevant for long-term commercial leases
6. Green Lease Provisions: Environmental and sustainability requirements, used in modern commercial properties
7. Right of First Refusal: Tenant's right to match purchase offers, included when property sale is contemplated
8. Force Majeure: Detailed provisions for unforeseen circumstances, particularly relevant post-COVID
1. Schedule A - Property Description: Detailed description of property including floor plan and measurements
2. Schedule B - Inventory List: Detailed list of fixtures, fittings, and furnishings provided
3. Schedule C - Handover Form: Condition report at the time of possession
4. Schedule D - House Rules: Building/society rules and regulations
5. Schedule E - Rent Payment Schedule: Detailed breakdown of rent payments and escalations
6. Schedule F - Maintenance Responsibilities: Detailed split of maintenance responsibilities between parties
7. Appendix 1 - Property Photos: Photographic evidence of property condition at handover
8. Appendix 2 - Required Permits: Copies of relevant permits and certificates
Authors
Applicable Laws
Business Day
Building
Common Areas
Commencement Date
Demised Premises
Due Date
Expiry Date
Force Majeure Event
Interest Rate
Initial Term
Landlord
Lease
Lock-in Period
Maintenance Charges
Monthly Rent
Notice
Occupancy Certificate
Permitted Use
Property
Renewal Term
Rent
Rent Escalation
Security Deposit
Schedule of Property
Society
Stamp Duty
Taxes
Tenant
Term
Termination Date
Utilities
Witness
Working Hours
Year
Repairs
Structural Repairs
Non-structural Repairs
Registration Charges
Property Manager
Municipal Authority
Occupants
Payment Date
Fit-out Period
Service Providers
Interpretation
Property Description
Term and Renewal
Rent and Payment
Security Deposit
Permitted Use
Utilities and Maintenance
Landlord Covenants
Tenant Covenants
Insurance
Alterations and Improvements
Assignment and Subletting
Default and Remedies
Termination
Force Majeure
Indemnification
Registration and Stamp Duty
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Waiver
Access Rights
Lock-in Period
Property Inspection
Compliance with Laws
Building Rules
Environmental Compliance
Handover Conditions
Representations and Warranties
Real Estate
Residential Property
Commercial Property
Retail
Healthcare
Education
Hospitality
Information Technology
Manufacturing
Professional Services
Banking and Financial Services
Telecommunications
Logistics and Warehousing
Legal
Real Estate
Operations
Facilities Management
Finance
Administration
Compliance
Risk Management
Corporate Affairs
Property Management
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Compliance Officer
Operations Manager
Administrative Manager
Business Development Manager
Finance Manager
Chief Financial Officer
Real Estate Agent
Leasing Manager
Asset Manager
Property Administrator
Contract Manager
Risk Manager
Company Secretary
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