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Commercial Parking Lot Lease Agreement
"I need a Commercial Parking Lot Lease Agreement for a shopping center parking facility in Kuala Lumpur, where the tenant will manage 500 parking spaces and share 30% of parking revenue with the landlord, with the lease starting March 1, 2025."
1. Parties: Identification of the landlord and tenant with full legal names and registration details
2. Background: Context of the agreement including property details and purpose of the lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Demised Premises: Detailed description of the leased parking lot area and any included facilities
5. Term and Renewal: Duration of the lease and any renewal options
6. Rent and Payment Terms: Rental amount, payment schedule, and payment methods
7. Security Deposit: Amount, terms and conditions of the security deposit
8. Permitted Use: Specified uses of the parking lot and any restrictions
9. Operating Hours: Permitted hours of operation and access times
10. Maintenance and Repairs: Responsibilities for maintaining the parking lot and facilities
11. Insurance and Liability: Required insurance coverage and liability provisions
12. Utilities and Services: Responsibility for utilities and essential services
13. Compliance with Laws: Obligations to comply with relevant laws and regulations
14. Default and Termination: Events of default and termination procedures
15. Assignment and Subletting: Rights and restrictions regarding assignment and subletting
16. Governing Law: Applicable law and jurisdiction
1. Security Systems: Requirements for security systems and monitoring - include when enhanced security measures are required
2. Valet Services: Terms for valet parking services if offered
3. Revenue Sharing: Terms for sharing parking revenue - include when there's a profit-sharing arrangement
4. Digital Payment Systems: Requirements for parking payment systems - include when automated systems are to be installed
5. Environmental Requirements: Special environmental conditions - include when there are specific green initiatives
6. Electric Vehicle Charging: Provisions for EV charging stations - include when EV facilities are part of the lease
7. Advertising Rights: Terms for advertising within the parking lot - include when advertising is permitted
8. Special Events: Provisions for special event parking - include when the lot serves event venues
1. Schedule A - Property Plan: Detailed plan showing the parking lot layout and boundaries
2. Schedule B - Rent Schedule: Detailed breakdown of rent payments and escalation terms
3. Schedule C - Operating Procedures: Specific procedures for day-to-day operation of the parking lot
4. Schedule D - Maintenance Schedule: Detailed maintenance requirements and schedules
5. Schedule E - Insurance Requirements: Specific insurance requirements and minimum coverage amounts
6. Schedule F - Equipment Inventory: List of included equipment and facilities
7. Appendix 1 - Parking Rates: Approved parking rates and fee structure
8. Appendix 2 - Safety Protocols: Required safety and emergency procedures
Authors
Commencement Date
Common Areas
Demised Premises
Expiry Date
Force Majeure
Insurance Requirements
Landlord
Lease Term
License Fee
Maintenance Charges
Operating Hours
Parking Attendant
Parking Equipment
Parking Fees
Parking Management System
Parking Space
Permitted Use
Property
Rent
Security Deposit
Service Charges
Signage
Tenant
Termination Date
Utilities
Visitor Parking
Working Day
Term
Rent
Security Deposit
Operating Hours
Permitted Use
Maintenance
Insurance
Liability
Assignment
Subletting
Health and Safety
Utilities
Access Rights
Payment Terms
Default
Termination
Force Majeure
Indemnification
Compliance
Dispute Resolution
Governing Law
Confidentiality
Notice
Severability
Entire Agreement
Amendment
Waiver
Security
Environmental Protection
Real Estate
Property Management
Retail
Commercial Property
Parking Management
Automotive Services
Shopping Centers
Office Buildings
Mixed-use Development
Transportation
Facilities Management
Legal
Operations
Facilities Management
Property Management
Asset Management
Risk Management
Compliance
Real Estate
Commercial Leasing
Contract Administration
Property Manager
Facilities Manager
Real Estate Manager
Operations Director
Legal Counsel
Commercial Lease Administrator
Asset Manager
Building Manager
Parking Operations Manager
Risk Manager
Commercial Property Director
Business Development Manager
Contract Administrator
Compliance Officer
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