Shopping Mall Management Agreement

The parties must determine who is responsible for controlling, paying for utilities, repairs and maintenance, insurance and general operating expenses. In a shopping mall, anchor tenants may not pay the same operating costs as a retail business unit (CRU). At the end of the sublease agreement, the FIRST PARTY has the right to reinstate and take possession of the premises constructed. The SECOND PARTY may in no way hinder or hinder the repossession of the first party. 8. In the event that the FIRST Party has entered into an agreement/understanding with a bank/financial institution with a view to obtaining financial assistance by pledging the silent premises and/or granting the claims of the silent premises, the SECOND PARTY undertakes, at the request of the FIRST Party, and agrees to pay directly the monthly rents and other payments to the bank/financial institution. However, upon the expiration of this sublease agreement, PARTY TWO will return the empty physical property of the dilapidated premises to their original condition, after removing all furniture and furnishings installed by PARTY TWO at its own expense, without damaging the dilapidated premises. 4. The security paid by PARTY TWO in accordance with this Agreement shall be reimbursed without interest after adjustment of an amount, costs for each account and, where applicable, in respect of maintenance/electricity, breakage and damage suffered by PARTY TWO after the expiry of the sublease agreement or after its earlier fixation. At the same time as the transfer by THE SECOND PARTY of the empty and peaceful ownership of the dismantled premises to the first part. The subordination clause obliges the tenant to subordinate his interests to those of the mortgagee. If necessary, the lessee must obtain a non-disruption agreement signed by the lessor and the mortgage holder, which essentially states that if the lessor is in arrears in accordance with its mortgage obligations and the lender intends to act against the lessor, it will notify the lessee and provided that the lessee has met all of its requirements of the lease agreement. Do not disturb or alter the lease – leave the tenant alone.

The agreement is a tone favourable to the owners and sets the remuneration to be paid to the manager as a percentage of the development costs of the new centre. . . .