The Long Term Lease Agreement is a crucial document used in Danish real estate transactions where parties intend to establish a lasting tenancy relationship. It serves as the primary contractual framework for leasing commercial or residential property over an extended period, typically exceeding 5 years. This agreement must comply with Danish property law, particularly the Lejeloven (Danish Lease Act) and Erhvervslejeloven (Business Lease Act) when applicable. It includes comprehensive provisions for rent determination, maintenance obligations, utility responsibilities, and dispute resolution mechanisms. The document is essential for businesses establishing operations in Denmark or property owners seeking to secure long-term tenants, requiring careful consideration of both parties' rights and obligations under Danish law.
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Key Requirements PROMPT example:
Long Term Lease Agreement
I need a Long Term Lease Agreement under Danish law for a 2,500 square meter industrial warehouse in Copenhagen, with a 10-year term starting March 1, 2025, including specific provisions for heavy machinery installation and 24/7 operational access.
1. Parties: Identification and details of the landlord and tenant, including full legal names, registration numbers, and addresses
2. Background: Context of the lease agreement, property overview, and purpose of the lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the leased premises, including address, size, and included facilities
5. Lease Term: Duration of the lease, commencement date, and any renewal options
6. Rent and Payment Terms: Rent amount, payment schedule, deposit requirements, and rent adjustment mechanisms
7. Utilities and Operating Costs: Allocation of responsibility for utilities, maintenance costs, and other operating expenses
8. Use of Premises: Permitted use of the property and any restrictions
9. Maintenance and Repairs: Responsibilities for maintenance, repairs, and improvements
10. Insurance and Liability: Insurance requirements and allocation of risk between parties
11. Assignment and Subletting: Terms governing the transfer of lease rights or subletting
12. Termination: Conditions and procedures for early termination and notice requirements
13. Default and Remedies: Events of default and available remedies for both parties
14. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction
15. Notices: Communication procedures and contact details for formal notices
16. Signatures: Execution provisions and signature blocks
1. Environmental Provisions: Special provisions regarding environmental compliance and responsibilities, required for properties with specific environmental concerns
2. Fit-out Works: Terms governing initial tenant improvements or modifications, needed when premises require renovation before occupancy
3. Service Charge: Detailed provisions for service charge calculations and payments, relevant for multi-tenant buildings
4. Break Options: Terms for early termination rights, included when parties negotiate specific break clauses
5. Change of Control: Provisions dealing with changes in tenant company ownership, relevant for corporate tenants
6. Green Lease Provisions: Sustainability and energy efficiency obligations, included for environmentally conscious arrangements
7. Property Management: Specific terms regarding property management services, relevant for managed buildings
8. Parking: Specific provisions for parking rights and obligations, needed when parking is part of the lease
1. Floor Plans: Detailed plans showing the leased premises and common areas
2. Inventory List: List of fixtures, fittings, and equipment included in the lease
3. Condition Report: Detailed description of the property condition at lease commencement
4. Service Level Agreement: Specifications for building services and maintenance standards
5. Rent Schedule: Detailed breakdown of rent payments and adjustment calculations
6. House Rules: Building regulations and operational procedures
7. Maintenance Schedule: Detailed allocation of maintenance responsibilities
8. Insurance Requirements: Specific insurance coverage requirements and minimum limits
9. Permitted Alterations: Pre-approved alterations and modification guidelines
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Commercial Property
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Manufacturing
Logistics
Technology
Professional Services
Banking and Finance
Public Sector
Relevant Teams
Legal
Real Estate
Facilities Management
Operations
Finance
Risk and Compliance
Property Management
Asset Management
Business Development
Corporate Services
Administration
Relevant Roles
Real Estate Manager
Property Manager
Facilities Director
Legal Counsel
Commercial Director
Operations Manager
Chief Financial Officer
Asset Manager
Lease Administrator
Property Development Manager
Corporate Real Estate Manager
Risk Manager
Compliance Officer
General Counsel
Business Development Manager
Portfolio Manager
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