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Simple Space Rental Agreement
"I need a Simple Space Rental Agreement for a small retail shop in Kuala Lumpur's city center, starting from March 1, 2025, with an initial term of 2 years and an option to renew for an additional year."
1. Parties: Identifies and provides full details of the landlord and tenant, including registration/ID numbers and addresses
2. Background: Brief context of the rental arrangement and purpose
3. Definitions: Defines key terms used throughout the agreement
4. Premises: Detailed description of the rental space, including address and boundaries
5. Term and Commencement: Duration of the rental agreement and start date
6. Rental and Payment Terms: Rental amount, payment schedule, and payment methods
7. Security Deposit: Amount, payment terms, and conditions for return of the security deposit
8. Utilities and Maintenance: Responsibilities for utilities payment and maintenance of the premises
9. Use of Premises: Permitted uses of the space and any restrictions
10. Insurance and Liability: Insurance requirements and allocation of risks
11. Termination: Conditions and process for ending the agreement
12. Governing Law: Specifies Malaysian law as governing law
13. Execution: Signature blocks and execution details
1. Fit-Out Works: Include when tenant is permitted to make modifications to the space
2. Option to Renew: Include when offering tenant the option to extend the lease term
3. Break Clause: Include when either party can terminate early under specific conditions
4. Subletting and Assignment: Include when addressing whether tenant can sublet or assign the space
5. Common Areas: Include when rental space is part of a larger building/complex with shared facilities
6. Car Parking: Include when parking spaces are part of the rental agreement
7. Building Rules: Include when there are specific building regulations or rules to be followed
1. Schedule 1 - Floor Plan: Detailed plan showing the rented space and its boundaries
2. Schedule 2 - Inventory List: List of any furnishings or equipment included in the rental
3. Schedule 3 - Service Charges: Breakdown of any additional service charges or maintenance fees
4. Schedule 4 - Building Rules and Regulations: Detailed building rules and regulations if applicable
5. Schedule 5 - Condition Report: Documentation of the premises condition at commencement of rental
6. Appendix A - Special Conditions: Any additional terms or conditions specific to this rental
Authors
Background
Definitions
Grant of Lease
Term and Duration
Rental and Payment
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 and Remedies
Termination
Force Majeure
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Costs and Stamp Duty
Execution
Real Estate
Retail
Office Space
Professional Services
Food & Beverage
Education
Healthcare
Manufacturing
Warehousing
Creative Industries
Technology
Financial Services
Legal
Operations
Administration
Facilities Management
Real Estate
Property Management
Contracts
Compliance
Corporate Services
Property Manager
Real Estate Agent
Facilities Manager
Business Owner
Operations Manager
Legal Counsel
Paralegal
Administrative Officer
Leasing Manager
Estate Agent
Company Secretary
Contract Administrator
Office Manager
Property Administrator
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