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Building Lease Agreement
"I need a Building Lease Agreement for a retail space in Kuala Lumpur's Central Business District, with a 3-year term starting March 1, 2025, including provisions for substantial interior renovations and an option to extend for two additional years."
1. Parties: Identification of the lessor and lessee with full legal names and registration/identification numbers
2. Background: Brief context of the lease arrangement and property background
3. Definitions and Interpretation: Defined terms used throughout the agreement and rules of interpretation
4. Demise and Term: Description of the leased premises and duration of the lease
5. Rent and Payment Terms: Rental amount, payment schedule, and method of payment
6. Security Deposit: Amount, payment terms, and conditions for return of the security deposit
7. Utility Charges: Responsibility for utilities and service charges
8. Use of Premises: Permitted use of the building and any restrictions
9. Maintenance and Repairs: Responsibilities of both parties regarding building maintenance and repairs
10. Insurance: Required insurance coverage and responsibilities of each party
11. Lessor's Covenants: Obligations and promises of the building owner
12. Lessee's Covenants: Obligations and promises of the tenant
13. Assignment and Subletting: Conditions and restrictions on transfer of lease rights
14. Termination: Grounds and procedures for early termination
15. Default and Remedies: Consequences of breach and available remedies
16. Notices: Method and addresses for official communications
17. Governing Law: Specification of Malaysian law as governing law
18. Boilerplate Clauses: Standard legal provisions including severability, entire agreement, and amendments
1. Option to Renew: Terms for lease renewal - include when the parties want to pre-agree renewal terms
2. Rent Review: Mechanism for periodic rent adjustments - include for longer-term leases
3. Break Clause: Provisions allowing early termination under specific conditions - include when requested by either party
4. Alterations and Improvements: Rules regarding modifications to the premises - include for properties likely to need renovation
5. Green Building Provisions: Environmental and sustainability requirements - include for green-certified buildings
6. Service Charge Provisions: Detailed service charge calculations and payments - include for buildings with shared facilities
7. Car Parking: Rights and regulations regarding parking facilities - include when parking is part of the lease
8. Signage Rights: Rules regarding external and internal signage - include for commercial buildings
9. Force Majeure: Provisions for unforeseen circumstances - include based on risk assessment
1. Schedule 1 - Property Description: Detailed description of the premises including floor plans and boundaries
2. Schedule 2 - Rent and Payment Schedule: Detailed breakdown of rent payments and due dates
3. Schedule 3 - Building Rules and Regulations: Specific rules governing the use and operation of the building
4. Schedule 4 - Condition Report: Initial condition of the premises with photographs and descriptions
5. Schedule 5 - Maintenance Schedule: Detailed breakdown of maintenance responsibilities
6. Schedule 6 - Permitted Alterations: List of allowed modifications to the premises
7. Schedule 7 - Service Charges: Breakdown of service charges and calculation method
8. Appendix A - Plans and Drawings: Technical drawings and floor plans of the premises
9. Appendix B - Handover Form: Template for property handover documentation
Authors
Building
Business Day
Commencement Date
Common Areas
Demised Premises
Expiry Date
Identity Card
Initial Term
Landlord
Lease
Leased Area
License
Maintenance Charges
Monthly Rent
Notice
Occupation Permit
Permitted Use
Premises
Property
Rent
Security Deposit
Service Charges
Stamp Duty
Taxes
Tenant
Term
Utility Charges
Working Hours
Definitions
Demise
Term
Rent
Security Deposit
Utility Charges
Service Charges
Insurance
Maintenance
Alterations
Assignment and Subletting
Permitted Use
Access Rights
Building Rules
Health and Safety
Environmental Compliance
Representations and Warranties
Indemnification
Default
Termination
Force Majeure
Notices
Dispute Resolution
Governing Law
Confidentiality
Entire Agreement
Severability
Amendments
Schedules and Appendices
Real Estate
Commercial Property
Retail
Manufacturing
Industrial
Office Space
Hospitality
Healthcare
Education
Logistics
Warehousing
Technology
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Property Management
Business Development
Administration
Risk Management
Property Manager
Facilities Manager
Real Estate Director
Legal Counsel
Commercial Director
Operations Manager
Chief Financial Officer
Real Estate Agent
Business Development Manager
Asset Manager
Compliance Officer
Property Administrator
Leasing Manager
Contract Manager
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