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Commercial Lease Agreement
"I need a Commercial Lease Agreement for a retail space in Vienna's first district, starting March 1, 2025, with a 5-year term and option to extend, including specific provisions for store fit-out and operating hours for a luxury boutique."
1. Parties: Identification of landlord and tenant with full legal names, registration details, and addresses
2. Background: Context of the lease arrangement and brief description of the property
3. Definitions: Key terms used throughout the agreement including Property, Commencement Date, Term, Permitted Use, etc.
4. Demise: Formal grant of lease and description of the leased premises
5. Term: Duration of lease, commencement date, and any option periods
6. Rent and Other Payments: Base rent, payment terms, VAT treatment, and other financial obligations
7. Service Charges: Operating costs, utilities, and other shared expenses
8. Deposit and Guarantees: Security deposit requirements and any additional guarantee provisions
9. Use of Premises: Permitted use and restrictions on use of the property
10. Maintenance and Repairs: Responsibilities for maintenance, repairs, and replacements
11. Insurance: Required insurance coverage for both parties
12. Assignment and Subletting: Conditions for transfer of lease rights or subletting
13. Landlord's Obligations: Core obligations and responsibilities of the landlord
14. Tenant's Obligations: Core obligations and responsibilities of the tenant
15. Termination: Grounds for termination and procedure
16. Handback: Conditions for returning the premises at lease end
17. Notices: Communication procedures between parties
18. Governing Law: Confirmation of Austrian law application and jurisdiction
1. Fit-out Works: Include when initial tenant improvements are planned, detailing approval process and specifications
2. Break Option: Include when early termination rights are granted to either party
3. Rent Review: Include when specific rent review mechanisms are agreed beyond standard indexation
4. Operating Hours: Include for retail premises or when specific operating hours are crucial
5. Environmental Provisions: Include when premises involve specific environmental risks or requirements
6. Signage Rights: Include for retail premises or when external signage is important
7. Parking: Include when parking spaces are part of the lease
8. Common Areas: Include for premises in multi-tenant buildings or complexes
9. Force Majeure: Include when specific provisions for unforeseen events are required
10. Building Management Rules: Include for premises in managed buildings or complexes
1. Schedule 1 - Property Plan: Detailed plans showing the leased premises and common areas
2. Schedule 2 - Inventory: List of any furniture, fixtures, or equipment included in the lease
3. Schedule 3 - Service Charge Items: Detailed breakdown of service charge components and calculation method
4. Schedule 4 - Handback Condition: Specific requirements for the condition of premises upon lease termination
5. Schedule 5 - Building Rules: Operational rules and regulations for the building or complex
6. Schedule 6 - Fit-out Specifications: Technical requirements and standards for any tenant improvements
7. Schedule 7 - Permitted Alterations: Pre-approved alterations that tenant may make without further consent
8. Appendix A - Form of Bank Guarantee: Template for any required bank guarantee
9. Appendix B - Handover Protocol: Template for documenting the condition at handover
10. Appendix C - Operating Cost Statement: Template for annual service charge reconciliation
Authors
Building
Building Rules
Business Day
Business Hours
Commencement Date
Common Areas
Completion Date
Deposit
Expiry Date
Force Majeure
Handback Condition
Indexation
Initial Term
Insurance Rent
Landlord's Fixtures
Lease Period
Lease Year
Operating Costs
Option Period
Permitted Alterations
Permitted Use
Premises
Property
Rent
Rent Commencement Date
Rent Payment Date
Service Charges
Services
Term
Tenant's Fixtures
Tenant's Works
Turnover Rent
Utilities
VAT
Working Hours
Term
Rent
Service Charges
Operating Costs
Security Deposit
Bank Guarantee
Use Restrictions
Alterations
Assignment and Subletting
Maintenance and Repair
Insurance
Utilities
Property Access
Landlord's Obligations
Tenant's Obligations
Building Rules
Health and Safety
Environmental Compliance
Force Majeure
Default
Termination
Handback
VAT
Registration
Governing Law
Dispute Resolution
Notices
Indexation
Common Areas
Signage Rights
Quiet Enjoyment
Tenant Improvements
Parking Rights
Operating Hours
Building Services
Indemnification
Liability Limitations
Inspection Rights
Retail
Office Space
Industrial
Logistics
Hospitality
Healthcare
Technology
Financial Services
Manufacturing
Professional Services
Entertainment
Food and Beverage
Warehousing
Research and Development
Legal
Real Estate
Finance
Operations
Facilities Management
Risk and Compliance
Corporate Services
Property Management
Business Development
Administration
Real Estate Manager
Property Manager
Legal Counsel
Chief Financial Officer
Facilities Manager
Operations Director
Commercial Director
Asset Manager
Leasing Manager
Business Development Manager
Corporate Real Estate Manager
Risk Manager
Compliance Officer
Finance Director
Managing Director
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