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Office Tenancy Agreement
"I need an Office Tenancy Agreement for leasing a 5,000 sq ft space in a Grade A building in Bangalore's tech park, where my IT company will be the tenant with a 5-year lease starting March 2025, including provisions for 24/7 operation and power backup."
1. Parties: Details of the landlord and tenant, including registration/incorporation details for companies
2. Background: Brief context about the property, ownership, and purpose of the lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Demised Premises: Detailed description of the leased premises and permitted use
5. Term and Commencement: Lease duration, commencement date, and lock-in period details
6. Rent and Deposits: Rent amount, payment terms, security deposit, and advance rent details
7. Escalation: Periodic rent increase terms and calculation method
8. Maintenance Charges: Common area maintenance charges and other recurring payments
9. Utilities and Services: Provisions for electricity, water, HVAC, and other utilities
10. Use and Occupation: Permitted use of premises and occupation rules
11. Repairs and Maintenance: Responsibilities for repairs and maintenance of the premises
12. Insurance: Insurance requirements for both parties
13. Assignment and Subletting: Restrictions and conditions for assignment or subletting
14. Landlord's Covenants: Obligations and warranties of the landlord
15. Tenant's Covenants: Obligations and warranties of the tenant
16. Damage and Destruction: Provisions for dealing with damage to premises
17. Default and Remedies: Events of default and corresponding remedies
18. Termination: Termination conditions and process
19. Hand-over: Conditions and process for premises handover at end of lease
20. Notices: Communication protocol between parties
21. Governing Law: Applicable law and jurisdiction
22. Dispute Resolution: Process for resolving disputes between parties
23. Miscellaneous: Standard boilerplate provisions including force majeure, severability, etc.
1. Fit-out Works: Details of any permitted modifications or improvements by tenant - include if tenant will undertake significant modifications
2. Parking: Specific provisions for parking spaces - include if parking is separately allocated
3. Signage Rights: Rules regarding external and internal signage - include if specific signage requirements exist
4. Break Clause: Early termination options - include if parties want flexibility to end lease early
5. Right of First Refusal: Tenant's right to lease additional space - include for growing businesses
6. Service Level Agreement: Specific service standards for building maintenance - include for premium properties
7. Green Building Compliance: Environmental compliance requirements - include for green-certified buildings
8. Operating Hours: Specific provisions about access hours and air conditioning - include for buildings with restricted hours
9. Shared Facilities: Rules for using common facilities like conference rooms - include if shared facilities are available
1. Schedule 1 - Property Description: Detailed description of premises including floor plan and carpet area
2. Schedule 2 - Rent Schedule: Detailed breakdown of rent, escalations, and payment schedule
3. Schedule 3 - Handover Condition: Detailed description of premises condition at handover
4. Schedule 4 - Building Rules: Detailed building rules and regulations
5. Schedule 5 - Maintenance Scope: Detailed scope of maintenance services and charges
6. Schedule 6 - Fit-out Guidelines: Technical specifications and guidelines for fit-out works
7. Schedule 7 - Insurance Requirements: Detailed insurance requirements for both parties
8. Schedule 8 - Utilities: Details of utility connections, sub-meters, and deposits
9. Appendix A - Registration Requirements: Documentation required for lease registration
10. Appendix B - Handover Checklist: Checklist for premises handover process
Authors
Tenant
Demised Premises
Building
Common Areas
Lease Term
Commencement Date
Lock-in Period
Base Rent
Security Deposit
Interest-Free Security Deposit
Maintenance Charges
Property Tax
Carpet Area
Super Built-up Area
Built-up Area
Force Majeure
Permitted Use
Business Days
Working Hours
Fit-out Works
Fit-out Period
Utilities
Service Charges
Rent Escalation
Notice Period
Registration Charges
Stamp Duty
Beneficial Interest
Car Parking Space
Initial Term
Renewal Term
Handover Date
Terminal Date
Sub-letting
Assignment
Building Rules
Building Management
Competent Authority
Applicable Laws
Common Facilities
HVAC
Power Back-up
Municipal Corporation
Local Authority
Property Manager
Occupancy Certificate
Fire Safety Certificate
Environmental Clearances
GST
TDS
Operating Expenses
Signage Rights
Term
Rent Payment
Security Deposit
Maintenance
Utilities
Insurance
Access Rights
Use Restrictions
Alterations and Improvements
Assignment and Subletting
Force Majeure
Default and Remedies
Termination
Indemnification
Representations and Warranties
Stamp Duty and Registration
Property Tax
Common Areas
Building Rules
Compliance
Environmental
Health and Safety
Signage
Quiet Enjoyment
Lock-in Period
Rent Escalation
Repairs and Maintenance
Utilities and Services
Car Parking
Fire Safety
Security
Intellectual Property
Confidentiality
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Force Majeure
Waiver
Amendment
Time of Essence
Real Estate
Commercial Property
Office Space Management
Professional Services
Technology
Banking and Finance
Healthcare
Retail
Manufacturing
Education
Telecommunications
Consulting
Legal Services
Government and Public Sector
Legal
Facilities Management
Finance
Operations
Administration
Procurement
Real Estate
Compliance
Risk Management
Corporate Affairs
Legal Counsel
Property Manager
Facilities Manager
Real Estate Manager
Chief Financial Officer
Operations Director
Administration Manager
Procurement Manager
Business Development Manager
Company Secretary
Real Estate Agent
Corporate Lawyer
Finance Director
Chief Operating Officer
Office Manager
Compliance Officer
Property Consultant
Asset Manager
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