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Long Term Lease Agreement
"I need a Long Term Lease Agreement for a commercial warehouse property in Johannesburg, starting March 2025, with special provisions for heavy machinery installation and 24/7 operational access, plus an option to renew after the initial 5-year term."
1. Parties: Identification and details of the Landlord and Tenant, including registration/ID numbers and addresses
2. Background: Context of the agreement and brief description of the property
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Property Description: Detailed description of the leased premises, including physical address and registration details
5. Duration and Commencement: Term of the lease, commencement date, and any renewal provisions
6. Rental and Operating Costs: Rental amount, payment terms, escalation rates, and additional charges
7. Deposit and Security: Details of security deposit, payment terms, and conditions for refund
8. Use of Premises: Permitted use of the property and any restrictions
9. Maintenance and Repairs: Responsibilities of parties regarding maintenance, repairs, and upkeep
10. Insurance and Risk: Insurance requirements and allocation of risk between parties
11. Utilities and Services: Responsibilities for utilities, services, and related charges
12. Compliance with Laws: Obligations regarding legal compliance and required permits
13. Access and Inspection: Landlord's rights of access and inspection procedures
14. Breach and Termination: Consequences of breach and termination provisions
15. Dispute Resolution: Procedures for resolving disputes between parties
16. Notices and Domicilia: Communication procedures and official addresses for notices
17. General Provisions: Standard legal provisions including entire agreement, variation, and governing law
1. Improvements and Alterations: Used when tenant is permitted to make improvements or alterations to the property
2. Assignment and Subletting: Include when transfer of rights or subletting might be permitted
3. Option to Purchase: Include when tenant is given an option to purchase the property
4. Special Trading Requirements: For commercial leases with specific trading or operational requirements
5. Environmental Obligations: For properties where environmental considerations are significant
6. Property Manager: When a property manager is appointed to act on behalf of the landlord
7. Break Clause: Include when early termination options are provided
8. Force Majeure: When specific provisions for unforeseen circumstances are required
9. Green Lease Provisions: For environmentally conscious leasing arrangements
1. Schedule 1: Property Details: Detailed description of property including plans, diagrams, and specifications
2. Schedule 2: Rental Schedule: Detailed breakdown of rental amounts, escalations, and payment dates
3. Schedule 3: Operating Costs: Breakdown of operating costs and allocation between parties
4. Schedule 4: Maintenance Schedule: Detailed maintenance responsibilities and schedules
5. Schedule 5: Inventory List: List of fixtures, fittings, and equipment included in the lease
6. Schedule 6: House Rules: Building or complex rules and regulations
7. Appendix A: Occupation Certificate: Copy of valid occupation certificate
8. Appendix B: Property Condition Report: Detailed report on property condition at commencement
9. Appendix C: Required Certificates: Electrical, gas, and other safety certificates
Authors
Business Day
Commencement Date
Common Areas
Deposit
Effective Date
Initial Period
Landlord
Lease Period
Leased Premises
Municipal Charges
Operating Costs
Parties
Permitted Use
Prime Rate
Property
Rental
Renewal Period
Signature Date
Tenant
Term
Termination Date
Value Added Tax
Utilities
Building
Improvements
Maintenance
Managing Agent
Normal Business Hours
Operating Expenses
Rates and Taxes
Security Services
Service Providers
Beneficial Occupation
Body Corporate
Escalation Rate
Force Majeure
Insurances
Lease Year
Material Breach
Occupational Health and Safety Requirements
Occupation Date
Operating Hours
Zoning
Property Description
Duration
Rental and Payment
Deposit
Operating Costs
Use of Premises
Maintenance and Repairs
Alterations and Improvements
Insurance
Assignment and Subletting
Access Rights
Utilities and Services
Health and Safety
Environmental
Security
Force Majeure
Default and Breach
Termination
Dispute Resolution
Notices
Governing Law
Registration
Publicity
Severability
Entire Agreement
Compliance
Indemnification
Renewal
Warranties
General
Signatures
Real Estate
Retail
Commercial Property
Industrial
Residential Property
Agriculture
Healthcare
Education
Hospitality
Manufacturing
Warehousing
Office Space
Mining
Telecommunications
Legal
Facilities Management
Real Estate
Operations
Finance
Compliance
Property Management
Asset Management
Acquisitions
Risk Management
Property Manager
Facilities Manager
Legal Counsel
Real Estate Manager
Commercial Director
Operations Manager
Chief Financial Officer
Lease Administrator
Property Development Manager
Asset Manager
Compliance Officer
Real Estate Attorney
Property Acquisition Manager
Estate Agent
Building Manager
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