10
PLAYBOOK TEMPLATES
Hospitality Hotel Contract
A Hospitality Hotel Contract covers management, operation, or branding arrangements in the hospitality sector. This playbook guides negotiation of performance benchmarks, termination rights, and brand compliance.
Exit & Surrender Obligations
Negotiation strategy
Negotiate for clear restoration standards that include reasonable wear and tear exceptions. Ensure holdover terms are fair and do not exceed 150% of the last monthly rent.
Ensure the lease includes detailed surrender obligations and post-termination liabilities to protect against potential damages and costs.
Essential elements
1
Restoration Standards
Condition at lease start, exceptions.
2
Inspection Procedures
Joint inspection timeline and responsibilities.
3
Holdover Terms
Rent increase for unauthorized holdover.
Action framework
ACCEPT
Propose edits if restoration standards lack clarity or fairness.
EDIT
Reject clauses that impose unreasonable post-termination liabilities.
ADD
Add clauses if inspection procedures are missing.
PRO TIP
Always document the condition of the premises at lease commencement to avoid disputes later.
Real-world examples
FAVORABLE
Preferred Restoration Standards
"The Tenant shall restore the Premises to the condition it was in at the commencement of the Lease, reasonable wear and tear excepted. Restoration shall include the removal of all personal property, repair of any damage caused by the removal of such property, and cleaning of the Premises to a broom-clean condition."
NEUTRAL
Template Surrender Obligations
"Upon the expiration or termination of the Lease, the Tenant shall surrender the Premises to the Landlord in the condition required by the Lease, free of all tenancies and occupancies. The Tenant shall deliver all keys, access cards, and security codes to the Landlord and shall remove all signage and personal property from the Premises."
UNFAVORABLE
Excessive Post-Termination Liabilities
"The Tenant shall remain liable for any damages or costs incurred by the Landlord as a result of the Tenant's failure to comply with the surrender obligations, including but not limited to, the cost of restoring the Premises to the required condition and any legal fees incurred by the Landlord in enforcing the Tenant's obligations."
Alternative scenarios & positions
High-Value Premises
For high-value premises, additional restoration or inspection requirements may apply to protect unique features.
Short-Term Leases
In short-term leases, focus on minimizing restoration obligations to facilitate quick turnover.
Shared Spaces
For shared spaces, ensure clear delineation of responsibilities for common areas during surrender.
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