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Long Term Lease Agreement
"I need a Long Term Lease Agreement for a Grade A office building in Manchester city centre, with a 15-year term starting from March 2025, including break options at years 5 and 10, and specific provisions for green building certification maintenance."
1. Parties: Identification and details of landlord and tenant
2. Background: Context of the lease and property description
3. Definitions: Key terms used throughout the lease including statutory references and interpretation
4. Demise: The actual grant of the lease, term length, and property description
5. Rent and Payment Terms: Rent amount, payment schedule, review mechanisms, and interest on late payments
6. Tenant Covenants: Core obligations of the tenant including repair, decoration, alterations, statutory compliance
7. Landlord Covenants: Core obligations of the landlord including quiet enjoyment, insurance, and repairs
8. Insurance Provisions: Requirements for building insurance, tenant obligations, and reinstatement provisions
9. Termination Rights: Break clauses, forfeiture provisions, and termination procedures
1. Service Charge Provisions: Details of service charge calculation and payment - used for multi-let buildings or estates
2. Assignment and Underletting: Provisions for transferring or subletting the lease - for longer leases where transfer rights are important
3. Change of Use: Provisions regarding permitted use changes and restrictions - when specific use controls are needed
4. Green Lease Provisions: Environmental performance and sustainability obligations - for properties where environmental standards are important
5. Security Provisions: Requirements for rent deposits or guarantees - when additional security is required
1. Schedule 1 - Property Plan: Detailed plan showing the demised premises and boundaries
2. Schedule 2 - State of Condition: Schedule recording property condition at lease start including photographs
3. Schedule 3 - Rights Granted: Detailed list of rights granted to tenant including access and services
4. Schedule 4 - Rights Reserved: Detailed list of rights reserved by landlord including access for repairs
5. Schedule 5 - Service Charge Schedule: Detailed breakdown of service charge items and calculation methods
6. Schedule 6 - Rent Review Provisions: Detailed mechanism for rent reviews including timing and procedures
7. Schedule 7 - Permitted Alterations: Schedule of pre-approved alterations and works permitted without consent
Authors
Adjoining Property
Authorised Guarantee Agreement
Base Rate
Building
Building Specification
Car Park
Common Parts
Conduits
Contamination
Contractual Term
Default Interest Rate
Demised Premises
Environment
Environmental Laws
Estate
Group Company
Guarantor
Hazardous Substances
Head Lease
Index
Initial Rent
Insurance Policy
Insurance Rent
Interest Rate
Landlord's Fixtures
Lease
Management Company
Option to Break
Permitted Use
Planning Acts
Planning Permission
Prescribed Rate
Property
Quarter Days
Rent
Rent Commencement Date
Rent Payment Days
Rent Review Dates
Retained Parts
Schedule of Condition
Service Charge
Service Media
Services
Superior Landlord
Surveyor
Tenant's Fixtures
Term
Term Commencement Date
Title Matters
Utilities
VAT
Working Day
Rent
Rent Review
Service Charge
Insurance
Repair and Decoration
Alterations
Use
Assignment and Underletting
Quiet Enjoyment
Forfeiture
Break Rights
Yielding Up
Utilities
Costs
VAT
Notices
Planning
Compliance with Laws
Environmental Matters
Rights and Reservations
Alienation
Tenant Covenants
Landlord Covenants
Security of Tenure
User
Outgoings
Access
Indemnity
Default Interest
Registration
Termination
Change of Control
Keep Open
Exclusivity
Option to Purchase
Pre-emption Rights
Management Company
Superior Lease
Green Lease Provisions
Electronic Communications
Guarantor Provisions
Reinstatement
Relocation
Service Level Agreement
Covid-19 Provisions
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