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General Lease Agreement
"I need a General Lease Agreement for a retail space in Kuala Lumpur's shopping district, with a 3-year term starting March 1, 2025, including fit-out provisions and an option to renew for two additional years."
1. Parties: Identification and details of the landlord and tenant, including full legal names, identification numbers, and addresses
2. Background: Brief context of the lease arrangement and property ownership
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: The formal grant of lease, specifying the property being leased
5. Term and Possession: Duration of the lease and conditions for possession
6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment
7. Security Deposit: Amount, payment terms, and conditions for return of the security deposit
8. Utility Charges: Responsibility for utilities and other ongoing charges
9. Use of Premises: Permitted use of the property and any restrictions
10. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance
11. Insurance: Required insurance coverage and responsibilities
12. Landlord's Covenants: Obligations and promises of the landlord
13. Tenant's Covenants: Obligations and promises of the tenant
14. Termination: Conditions and procedures for ending the lease
15. Notices: How formal communications between parties should be made
16. Governing Law: Specification of Malaysian law as governing law
1. Option to Renew: Terms for lease renewal, included when parties want to pre-agree renewal terms
2. Fit-Out Works: For commercial properties where tenant improvements are permitted
3. Common Areas: For properties in multi-tenant buildings or complexes
4. Assignment and Subletting: When transfer of lease rights might be permitted
5. Break Clause: Early termination options, if agreed
6. Service Charge: For properties with maintained common areas or services
7. Green Lease Provisions: Environmental and sustainability requirements, if relevant
8. Quiet Enjoyment: Additional provisions for residential leases
9. Force Majeure: Provisions for unforeseen circumstances affecting the lease
1. Schedule 1: Property Description: Detailed description of the leased property including boundaries and floor plans
2. Schedule 2: Inventory: List of fixtures, fittings, and furniture included in the lease
3. Schedule 3: House Rules: Specific rules and regulations for use of the property
4. Schedule 4: Maintenance Schedule: Detailed breakdown of maintenance responsibilities
5. Schedule 5: Utility Readings: Initial utility meter readings at handover
6. Appendix A: Photos: Photographic evidence of property condition at lease start
7. Appendix B: Required Permits: Copies of relevant permits and certificates
Authors
Building
Business Day
Commencement Date
Common Areas
Demised Premises
Deposit
Expiry Date
Identity Card
Landlord
Lease Period
Lease Term
Monthly Rental
Notice
Parties
Permitted Use
Property
Rent
Security Deposit
Service Charge
Tenant
Term
Termination Date
Utility Charges
Working Day
Witness
Grant of Lease
Term
Rent
Security Deposit
Utilities and Charges
Use of Premises
Maintenance and Repairs
Alterations and Improvements
Insurance
Assignment and Subletting
Landlord's Covenants
Tenant's Covenants
Default
Termination
Force Majeure
Quiet Enjoyment
Notices
Governing Law
Dispute Resolution
Indemnification
Access Rights
Common Areas
Property Condition
Compliance with Laws
Yielding Up
Real Estate
Residential Property
Commercial Property
Retail
Industrial
Hospitality
Office Space
Agriculture
Education
Healthcare
Legal
Real Estate
Property Management
Facilities Management
Compliance
Operations
Administrative
Asset Management
Risk Management
Contract Management
Property Manager
Real Estate Agent
Facility Manager
Legal Counsel
Property Lawyer
Leasing Manager
Asset Manager
Estate Agent
Property Administrator
Compliance Officer
Real Estate Director
Tenancy Coordinator
Building Manager
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