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Property License Agreement
"I need a Property License Agreement for a commercial office space in Singapore, allowing multiple startups to use shared workspaces and meeting rooms from January 2025, with specific provisions for 24/7 access and shared utilities."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context and purpose of the license agreement
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and terms of the license being granted
5. License Period: Duration and term of the license
6. License Fee: Payment terms and schedule
7. Permitted Use: Allowed uses of the property
8. Maintenance and Repairs: Responsibilities for property upkeep
9. Termination: Conditions and process for ending the agreement
1. Security Deposit: Terms of security deposit, including amount, payment timing, and conditions for return
2. Alterations and Improvements: Rules and restrictions regarding property modifications and improvements
3. Utilities and Services: Responsibility for utility payments and services maintenance
4. Insurance: Insurance requirements, coverage types, and obligations of each party
1. Schedule 1 - Property Details: Detailed description of the licensed property including address and specifications
2. Schedule 2 - Floor Plan: Layout and measurements of the property
3. Schedule 3 - Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the license
4. Schedule 4 - House Rules: Specific rules and regulations governing the use of the property
5. Schedule 5 - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates
Authors
Business Day
Commencement Date
Common Areas
Existing Condition
Expiry Date
House Rules
License
License Fee
License Period
Licensed Area
Licensed Premises
Licensor's Property
Permitted Use
Property
Security Deposit
Services
Term
Utilities
Working Hours
Fixtures and Fittings
Force Majeure Event
GST
Parties
Relevant Authorities
Rules and Regulations
Service Charge
Taxes
Termination Date
Visitors
License Period
License Fee
Security Deposit
Permitted Use
Restrictions on Use
Maintenance and Repairs
Alterations and Improvements
Utilities and Services
Insurance
Liability and Indemnity
Access Rights
Compliance with Laws
Assignment and Sublicensing
Termination
Force Majeure
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Variation
Property Inspection
Quiet Enjoyment
Health and Safety
Environmental Compliance
Fire Safety
Security
Common Areas
Yielding Up
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