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Commercial Tenancy Agreement
"I need a Commercial Tenancy Agreement for a retail space in Lahore's tech district, starting March 2025, with specific provisions for IT infrastructure installations and 24/7 access for my software development company."
1. Parties: Identification and details of the landlord and tenant, including registration numbers for companies
2. Background: Context of the agreement and brief description of the premises
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Formal grant of lease and description of the premises
5. Term: Duration of the lease, including start and end dates
6. Rent: Rent amount, payment terms, and review mechanisms
7. Security Deposit: Amount, payment terms, and conditions for return of security deposit
8. Utilities and Outgoings: Responsibility for utilities, services, and other ongoing costs
9. Use of Premises: Permitted use of the premises and any restrictions
10. Maintenance and Repairs: Responsibilities of both parties for maintenance and repairs
11. Insurance: Insurance requirements for both parties
12. Assignment and Subletting: Conditions under which the tenant may assign or sublet
13. Landlord's Covenants: Obligations and promises of the landlord
14. Tenant's Covenants: Obligations and promises of the tenant
15. Termination: Grounds and procedure for termination of the lease
16. Governing Law: Specification of Pakistani law as governing law
17. Dispute Resolution: Process for resolving disputes between parties
1. Break Clause: Optional provision allowing early termination under specific conditions
2. Rent-Free Period: Terms of any initial rent-free period as incentive
3. Alterations and Improvements: Conditions for making changes to the premises, if permitted
4. Service Charges: For properties with common areas or shared services
5. Green Lease Provisions: Environmental and sustainability requirements
6. Force Majeure: Provisions for unforeseen circumstances affecting the lease
7. Option to Renew: Terms for extending the lease beyond initial term
8. Guarantor Provisions: Where additional security is required from a guarantor
1. Schedule 1 - Property Description: Detailed description of premises including floor plans and measurements
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments and review dates
3. Schedule 3 - Condition Report: Initial condition of premises with photographs
4. Schedule 4 - Building Rules: Rules and regulations for use of the building
5. Schedule 5 - Fixtures and Fittings: Inventory of landlord's fixtures and fittings
6. Schedule 6 - Service Charges: Breakdown of service charges if applicable
7. Appendix A - Required Licenses: Copies of necessary business licenses and permits
8. Appendix B - Insurance Requirements: Detailed insurance specifications
Authors
Base Rent
Building
Business Day
Commencement Date
Common Areas
Demised Premises
Expiry Date
Force Majeure Event
Initial Term
Landlord's Fixtures
Lease Year
Outgoings
Permitted Use
Premises
Property
Rent
Rent Review Date
Security Deposit
Service Charges
Services
Stamp Duty
Structural Elements
Term
Tenant's Fixtures
Utilities
Working Hours
Yield Up
Applicable Laws
Competent Authority
Default Interest Rate
Insurance Rent
Lease Period
Maintain
Notice
Operating Expenses
Parties
Payment Due Date
Relevant Authority
Renewal Term
Review Period
Schedule of Condition
Service Provider
Term and Duration
Rent Payment
Security Deposit
Utilities and Outgoings
Use of Premises
Alterations and Improvements
Maintenance and Repairs
Insurance
Assignment and Subletting
Landlord's Covenants
Tenant's Covenants
Access Rights
Quiet Enjoyment
Force Majeure
Default and Remedies
Termination
Dispute Resolution
Registration and Stamp Duty
Notices
Indemnification
Health and Safety
Environmental Compliance
Fire Safety
Building Rules
Signage Rights
Common Areas
Service Charges
Utilities Management
Property Taxes
Representations and Warranties
Damage and Destruction
Renewal Options
Break Clause
Yield Up
Governing Law
Severability
Entire Agreement
Amendments
Waiver
Confidentiality
Retail
Office Space
Industrial
Hospitality
Healthcare
Banking and Financial Services
Technology
Education
Professional Services
Warehousing and Logistics
Manufacturing
Entertainment and Leisure
Legal
Real Estate
Facilities Management
Operations
Finance
Procurement
Risk and Compliance
Corporate Services
Administration
Property Management
Chief Executive Officer
Chief Financial Officer
Property Manager
Facilities Manager
Real Estate Manager
Legal Counsel
Corporate Lawyer
Business Development Manager
Operations Manager
Finance Director
Commercial Director
Procurement Manager
Asset Manager
Lease Administrator
Risk Manager
Compliance Officer
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