The Company Let Agreement is a specialized commercial lease document used in Pakistan when a property is being let to a corporate entity rather than an individual. This document is essential for businesses seeking to establish their operations in leased premises and requires careful consideration of both federal and provincial laws. The agreement comprehensively covers all aspects of the commercial tenancy, including detailed terms for rent, maintenance, utilities, and specific corporate requirements. It must comply with Pakistani property law, particularly the Transfer of Property Act 1882 and relevant provincial rent control legislation. The document is typically used for office spaces, retail outlets, industrial units, or warehouses, and includes specific provisions for corporate tenants such as authorized signatory requirements, board approvals, and company seal provisions.
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1. Parties: Identification of the landlord and tenant company, including registration details and addresses
2. Background: Context of the agreement and brief description of the premises and intended use
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Description of the premises being let and any included facilities or services
5. Term: Duration of the lease, including commencement and expiry dates
6. Rent and Payment Terms: Rent amount, payment schedule, and method of payment
7. Security Deposit: Details of security deposit amount, terms of holding and return
8. Utilities and Outgoings: Responsibility for utilities, maintenance charges, and other outgoings
9. Use of Premises: Permitted use of the premises and any restrictions
10. Maintenance and Repairs: Responsibilities of both parties regarding maintenance and repairs
11. Insurance: Insurance requirements for both parties
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. Termination: Circumstances and process for early termination
16. Governing Law: Confirmation of Pakistani law as governing law and jurisdiction
17. Notices: Process for serving notices between parties
18. Force Majeure: Provisions for unforeseen circumstances affecting the agreement
1. Fit-out Works: Details of any permitted alterations or improvements by tenant - include when premises require modification
2. Service Charges: Breakdown of service charges for shared facilities - include for multi-tenant buildings
3. Rent Review: Mechanism for periodic rent reviews - include for longer-term leases
4. Option to Renew: Terms for lease renewal - include when agreed with landlord
5. Break Clause: Conditions for early termination - include when specifically negotiated
6. Guarantees: Corporate or personal guarantees - include when required for tenant's covenant strength
7. Exclusivity: Restrictions on letting to competitors - include for retail/commercial premises
8. Environmental Provisions: Specific environmental obligations - include for industrial or specialized use
1. Schedule 1 - Premises Plan: Detailed plan and measurements of the leased premises
2. Schedule 2 - Inventory: List of fixtures, fittings and equipment included in the lease
3. Schedule 3 - Service Charges: Detailed breakdown of service charges and calculation method
4. Schedule 4 - Building Rules: Rules and regulations for use of the building
5. Schedule 5 - Fit-out Specifications: Technical specifications for any permitted alterations
6. Schedule 6 - Handover Condition: Documented condition of premises at handover
7. Appendix A - Registration Documents: Copies of company registration documents and authorizations
8. Appendix B - Insurance Requirements: Detailed insurance specifications and requirements
Relevant legal definitions
Agreed Use
Authorised Representative
Building
Business Day
Common Areas
Company Seal
Commencement Date
Condemnation
Damage
Default Interest Rate
Demised Premises
Expiry Date
Force Majeure Event
Gross Floor Area
Initial Term
Landlord's Fixtures
Lease Period
Lease Year
Outgoings
Permitted Use
Premises
Property
Rent
Rent Commencement Date
Rent Review Date
Security Deposit
Service Charges
Services
Stamp Duty
Substantial Damage
Tenant's Fixtures
Term
Utilities
Working Hours
Yield Up
Authorised Representative
Building
Business Day
Common Areas
Company Seal
Commencement Date
Condemnation
Damage
Default Interest Rate
Demised Premises
Expiry Date
Force Majeure Event
Gross Floor Area
Initial Term
Landlord's Fixtures
Lease Period
Lease Year
Outgoings
Permitted Use
Premises
Property
Rent
Rent Commencement Date
Rent Review Date
Security Deposit
Service Charges
Services
Stamp Duty
Substantial Damage
Tenant's Fixtures
Term
Utilities
Working Hours
Yield Up
Clauses
Demise
Term and Renewal
Rent Payment
Security Deposit
Service Charges
Utilities and Outgoings
Use Restrictions
Alterations and Improvements
Maintenance and Repair
Insurance
Assignment and Subletting
Access Rights
Quiet Enjoyment
Landlord's Covenants
Tenant's Covenants
Default and Remedies
Force Majeure
Termination
Indemnification
Registration and Stamp Duty
Environmental Compliance
Health and Safety
Building Rules
Signage Rights
Guarantees
Property Taxes
Waiver
Severability
Governing Law
Dispute Resolution
Notices
Entire Agreement
Force Majeure
Representations and Warranties
Term and Renewal
Rent Payment
Security Deposit
Service Charges
Utilities and Outgoings
Use Restrictions
Alterations and Improvements
Maintenance and Repair
Insurance
Assignment and Subletting
Access Rights
Quiet Enjoyment
Landlord's Covenants
Tenant's Covenants
Default and Remedies
Force Majeure
Termination
Indemnification
Registration and Stamp Duty
Environmental Compliance
Health and Safety
Building Rules
Signage Rights
Guarantees
Property Taxes
Waiver
Severability
Governing Law
Dispute Resolution
Notices
Entire Agreement
Force Majeure
Representations and Warranties
Relevant Industries
Commercial Real Estate
Retail
Manufacturing
Information Technology
Professional Services
Banking and Finance
Healthcare
Hospitality
Logistics and Warehousing
Education
Relevant Teams
Legal
Finance
Operations
Facilities Management
Real Estate
Compliance
Administration
Risk Management
Corporate Affairs
Property Management
Relevant Roles
Legal Counsel
Property Manager
Facilities Manager
Real Estate Director
Chief Financial Officer
Operations Manager
Company Secretary
Compliance Officer
Commercial Director
Asset Manager
Real Estate Agent
Property Lawyer
Business Development Manager
Finance Manager
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