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The Condo Lease Agreement is essential for properly documenting the rental of strata-titled residential properties in Australia. This document should be used whenever a condominium unit is being leased to ensure compliance with both standard residential tenancy requirements and specific strata title regulations. It includes comprehensive provisions addressing unique aspects of condominium living, such as shared facilities, body corporate rules, and common property rights. The agreement is designed to protect both landlord and tenant interests while ensuring compliance with relevant state-based residential tenancy acts and federal legislation. It's particularly important for properties under strata management, as it incorporates necessary provisions for body corporate compliance and common property usage.

1. Parties: Identification of the landlord/lessor and tenant/lessee with full legal names and contact details

2. Background: Brief context about the property and purpose of the lease agreement

3. Definitions: Definitions of key terms used throughout the agreement including 'Property', 'Common Areas', 'Body Corporate', 'Rent', etc.

4. Property Details: Specific description of the condo unit, including unit number, floor level, parking spaces, and storage units

5. Term of Lease: Start and end dates of the lease, including any options for renewal

6. Rent and Payment Terms: Rent amount, payment frequency, method of payment, and rent review provisions

7. Bond: Bond amount, payment terms, and conditions for return

8. Utilities and Outgoings: Responsibility for utilities, council rates, water usage, and other charges

9. Use of Property: Permitted use of the property and restrictions

10. Tenant Obligations: General obligations including maintenance, repairs, and compliance with by-laws

11. Landlord Obligations: Landlord's responsibilities regarding property maintenance and tenant's quiet enjoyment

12. Body Corporate Rules: Tenant's obligation to comply with body corporate by-laws and rules

13. Maintenance and Repairs: Responsibilities for maintenance, repairs, and damage

14. Insurance: Insurance requirements for both parties

15. Access and Inspection: Landlord's rights of entry and inspection

16. Default and Termination: Events of default and termination rights

17. Dispute Resolution: Process for resolving disputes between parties

18. Notices: How formal notices must be given between parties

19. Execution: Signing provisions and attestation