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Agreement To Lease
"I need an Agreement to Lease for a retail space in Brussels, where the tenant plans to operate a high-end restaurant and requires significant fit-out works before the final lease commencement in March 2025."
1. Parties: Identification and details of the prospective landlord and tenant, including full legal names, addresses, and registration numbers for legal entities
2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into a lease agreement
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Lease Commencement Date', 'Final Lease Agreement', etc.
4. Property Description: Detailed description of the property to be leased, including address, cadastral details, and permitted use
5. Agreement to Lease: Core commitment to enter into the final lease agreement and the conditions under which this will occur
6. Key Terms of Future Lease: Essential terms that will be incorporated into the final lease, including rent, duration, and permitted use
7. Conditions Precedent: Any conditions that must be satisfied before the final lease agreement becomes effective
8. Deposit and Payments: Details of any deposits or advance payments required, including reservation fees
9. Timeline and Process: Steps and deadlines for moving from this agreement to the final lease execution
10. Representations and Warranties: Key statements of fact and promises made by each party
11. Termination Rights: Circumstances under which either party may terminate this agreement before the final lease is signed
12. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction for disputes
13. Execution: Signature blocks and execution requirements
1. Break Rights: Optional terms regarding early termination rights, included when parties want flexibility to terminate the agreement early
2. Broker Provisions: Include when a real estate broker is involved in the transaction, detailing their role and fees
3. Works and Improvements: Include when specific works or improvements are to be completed before the lease commencement
4. Environmental Provisions: Required for properties with specific environmental concerns or certifications
5. Assignment and Subletting: Include when parties want to address potential transfer rights before the final lease
6. Force Majeure: Optional provision dealing with unforeseen circumstances, particularly relevant post-COVID
7. Language Provisions: Required in cases where the agreement is executed in multiple languages
1. Property Plans: Floor plans, site plans, and relevant property drawings
2. Property Inventory: Detailed inventory of any fixtures, fittings, or equipment included
3. Form of Final Lease: Draft or template of the final lease agreement to be executed
4. Energy Performance Certificate: Mandatory energy performance documentation
5. Property Permits: Copies of relevant permits and certificates for the property's intended use
6. Due Diligence Checklist: List of documents and verifications required before final lease execution
7. Payment Schedule: Detailed breakdown of all payments, including deposits, fees, and initial rent
Authors
Approval Date
Business Day
Commencement Date
Competent Authority
Conditions Precedent
Deposit
Due Diligence Period
Energy Performance Certificate
Final Lease
Force Majeure
Landlord's Works
Lease Term
Long-term Lease
Permitted Use
Property
Property Manager
Provisional Acceptance
Regional Regulations
Registration Duties
Rent
Rent Commencement Date
Security Deposit
Service Charges
Signing Date
Tenant's Works
Term Sheet
Transaction
VAT
Working Day
Interpretation
Property Description
Agreement to Lease
Conditions Precedent
Due Diligence
Deposit
Final Lease Terms
Rent and Charges
Property Access
Insurance
Warranties and Representations
Registration Requirements
Energy Performance
Environmental Compliance
Works and Alterations
Assignment and Transfer
Force Majeure
Default and Remedies
Termination
Notices
Confidentiality
Data Protection
Anti-corruption
Language Requirements
Governing Law
Dispute Resolution
Entire Agreement
Severability
Costs and Expenses
Real Estate
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Logistics
Manufacturing
Professional Services
Banking and Finance
Technology
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Property Administration
Business Development
Asset Management
Real Estate Manager
Property Manager
Legal Counsel
Contract Manager
Facilities Manager
Commercial Director
Operations Manager
Chief Financial Officer
Business Development Manager
Asset Manager
Leasing Manager
Risk Manager
Compliance Officer
Property Administrator
Real Estate Analyst
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