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Office Lease Agreement
"I need an Office Lease Agreement for a 2,500 square foot space in a Grade A building in Karachi's financial district, with a 5-year term starting March 1, 2025, including provisions for IT infrastructure and 24/7 access for a fintech company."
1. Parties: Identification of the Lessor and Lessee with complete details including CNIC numbers, addresses and contact information
2. Background: Brief context of the agreement and property ownership status
3. Definitions: Definitions of key terms used throughout the agreement including 'Premises', 'Common Areas', 'Lease Term', 'Rent', etc.
4. Demise: The formal grant of lease and detailed description of the leased premises
5. Term: Duration of the lease, commencement date, and any renewal options
6. Rent and Payment Terms: Rent amount, payment schedule, security deposit, and advance rent requirements
7. Utilities and Maintenance: Responsibilities for utility payments and maintenance obligations of both parties
8. Use of Premises: Permitted use of the premises and any restrictions
9. Alterations and Improvements: Rules regarding modifications to the premises
10. Insurance and Liability: Insurance requirements and allocation of risks
11. Default and Remedies: Events of default and corresponding remedies available to parties
12. Termination: Grounds for termination and the process thereof
13. Governing Law and Jurisdiction: Application of Pakistani law and jurisdiction of courts
1. Subletting and Assignment: Include when subletting or assignment rights are to be granted to the tenant
2. Fit-out Works: Include when tenant is permitted to carry out initial fit-out works
3. Service Charges: Include for multi-tenant buildings with shared facilities
4. Green Building Compliance: Include when premises are in a green-certified building requiring specific tenant compliance
5. Force Majeure: Include specific force majeure provisions beyond standard cases
6. Property Management: Include when property is managed by a third-party management company
7. Signage Rights: Include when specific signage rights are being granted to tenant
1. Schedule 1 - Property Description: Detailed description of premises including floor plans and measurements
2. Schedule 2 - Rent Schedule: Detailed breakdown of rent, escalations, and payment schedule
3. Schedule 3 - Building Rules and Regulations: Specific rules governing the use of premises and common areas
4. Schedule 4 - Handover Condition: Detailed description of premises condition at handover including photographs
5. Schedule 5 - Service Charges: Breakdown of service charges and calculation method
6. Schedule 6 - Fit-out Guidelines: Technical specifications and requirements for any fit-out works
7. Appendix A - Required Approvals: List of necessary governmental and regulatory approvals
8. Appendix B - Insurance Requirements: Detailed insurance requirements for both parties
Authors
Applicable Laws
Building
Business Day
Business Hours
Common Areas
Commencement Date
Condemnation
Default Rate
Effective Date
Force Majeure
Governmental Authority
Handover Date
Improvements
Initial Term
Lease Year
Lessee
Lessor
Maintenance Charges
Operating Expenses
Permitted Use
Premises
Property
Rent
Renewal Term
Security Deposit
Service Charges
Stamp Duty
Term
Termination Date
Utilities
Working Hours
Base Rent
Building Rules
Fit-out Works
Insurance Requirements
Notice
Occupancy Certificate
Parties
Property Manager
Taxes
Term
Rent
Security Deposit
Operating Expenses
Utilities
Maintenance
Use of Premises
Common Areas
Alterations and Improvements
Insurance
Indemnification
Assignment and Subletting
Repairs and Maintenance
Building Services
Property Management
Access Rights
Quiet Enjoyment
Default and Remedies
Force Majeure
Termination
Return of Premises
Compliance with Laws
Environmental Compliance
Health and Safety
Signage Rights
Parking Rights
Security Arrangements
Fire Safety
Building Rules
Dispute Resolution
Notices
Registration
Stamp Duty
Severability
Entire Agreement
Governing Law
Jurisdiction
Real Estate
Commercial Property
Banking & Financial Services
Information Technology
Professional Services
Healthcare
Manufacturing
Retail
Telecommunications
Construction & Development
Insurance
Consulting
Legal
Facilities Management
Real Estate
Operations
Finance
Administration
Compliance
Corporate Services
Property Management
Asset Management
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Chief Financial Officer
Operations Director
Compliance Officer
Real Estate Director
Administrative Manager
Business Development Manager
Office Manager
Corporate Services Manager
Real Estate Agent
Leasing Manager
Asset Manager
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