Commercial Space Lease Agreement Template for Pakistan

1. Parties: Identification and details of the Landlord and Tenant, including their registered addresses and legal status

2. Background: Context of the lease agreement and brief description of the commercial property

3. Definitions: Definitions of key terms used throughout the agreement

4. Demised Premises: Detailed description of the leased property, including its boundaries and included facilities

5. Lease Term: Duration of the lease, commencement date, and any renewal options

6. Rent and Security Deposit: Rental amount, payment terms, security deposit details, and review mechanisms

7. Utilities and Outgoings: Responsibility for utilities, maintenance charges, and other operating expenses

8. Use of Premises: Permitted use of the property and any restrictions on business activities

9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs

10. Insurance: Insurance requirements for both parties

11. Alterations and Improvements: Rules regarding modifications to the premises

12. Assignment and Subletting: Conditions under which the tenant may assign or sublet the premises

13. Landlord's Covenants: Obligations and promises of the landlord

14. Tenant's Covenants: Obligations and promises of the tenant

15. Default and Remedies: Events of default and available remedies for both parties

16. Termination: Conditions and procedures for termination of the lease

17. Governing Law: Specification of Pakistani law as governing law and jurisdiction

18. Notices: Process for serving notices between parties

19. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments

1. Schedule 1 - Property Plan: Detailed floor plan and measurements of the leased premises

2. Schedule 2 - Rent Schedule: Detailed breakdown of rent payments and review dates

3. Schedule 3 - Service Charges: Itemized list of service charges and calculation method

4. Schedule 4 - Building Rules: Rules and regulations for use of the building

5. Schedule 5 - Condition Report: Initial condition report of the premises

6. Schedule 6 - Permitted Alterations: List of alterations permitted without landlord's consent

7. Schedule 7 - Handover Inventory: Inventory of fixtures, fittings, and equipment included in the lease

8. Appendix A - Registration Documents: Copies of relevant registration certificates and permits

9. Appendix B - Insurance Requirements: Detailed insurance specifications required under the lease