This lease agreement regulates the relationship between a landlord and a tenant who occupies the premises for business purposes. The agreement identifies all details in regards to the lease of the property such as the payments, term of the lease, usage of the property, security deposit, right of access and inspection, office repairs, and termination of the lease.
The tenant's responsibilities under the lease agreement include paying the basic rent, service charges, and security deposit, as well as any other charges imposed by the landlord. The tenant must obtain the landlord's consent before making any alterations to the office and must also maintain and repair the office if any damage is caused by the tenant. This agreement includes all necessary clauses regarding the tenant's rights and obligations.
This agreement contains the following sections:
Schedule 1 – Layout Plan of the Office
Schedule 2 – The Non-Structural Repairs
Schedule 3 – Service Charges
Schedule 4 – Regulatory Authority Rules and RegulationsSchedule 5 – Fit Out Guidelines