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Commercial Property Lease Agreement
"I need a Commercial Property Lease Agreement for a retail space in Auckland CBD, starting March 1, 2025, where the tenant will require significant fitout modifications and we need to include specific provisions for operating hours and customer parking arrangements."
1. Parties: Identification and details of the landlord and tenant, including registered addresses and company details
2. Background: Context of the lease agreement, including brief property description and intent of the parties
3. Definitions and Interpretation: Definitions of key terms used throughout the lease and rules for interpreting the agreement
4. Grant of Lease: Core terms of the lease grant, including property description, term, and permitted use
5. Rent and Operating Expenses: Rent amount, payment terms, operating expenses, and outgoings
6. Rent Review: Mechanism and timing for periodic rent reviews
7. Security Deposit: Terms regarding security deposit or bank guarantee requirements
8. Maintenance and Repairs: Responsibilities of landlord and tenant for property maintenance and repairs
9. Insurance: Insurance requirements for both parties, including building, public liability, and contents insurance
10. Assignment and Subletting: Conditions under which the tenant may assign or sublet the premises
11. Alterations and Additions: Process and conditions for making alterations to the premises
12. Landlord's Covenants: Obligations and promises of the landlord
13. Tenant's Covenants: Obligations and promises of the tenant
14. Default and Termination: Events of default and consequences, termination provisions
15. Dispute Resolution: Process for resolving disputes between parties
16. General Provisions: Standard boilerplate clauses including notices, governing law, etc.
17. Execution: Signing provisions and execution blocks
1. Guarantees: Required when there are personal or corporate guarantees for the tenant's obligations
2. Fitout Provisions: Used when initial tenant fitout works are required, including specifications and conditions
3. Operating Hours: Necessary for retail premises or when specific operating hours need to be specified
4. Right of Renewal: Include when the tenant is granted options to renew the lease
5. Car Parking: Required when car parking spaces are included in the lease
6. Building Management: Relevant for multi-tenanted buildings with shared facilities and services
7. Green Lease Provisions: Environmental and sustainability requirements, if applicable
8. Seismic Provisions: Required for buildings in seismic risk areas or with specific seismic ratings
9. Covid-19 Provisions: Specific provisions dealing with pandemic-related disruptions and restrictions
1. Schedule 1 - Premises Details: Detailed description of the premises, including floor plans and area calculations
2. Schedule 2 - Rent and Operating Expenses: Detailed breakdown of rent, operating expenses, and payment schedules
3. Schedule 3 - Maintenance Schedule: Detailed allocation of maintenance responsibilities between landlord and tenant
4. Schedule 4 - Building Rules: Rules and regulations for the use of the building and common areas
5. Schedule 5 - Fitout Specifications: Technical specifications for any agreed tenant fitout works
6. Schedule 6 - Condition Report: Detailed report on the condition of the premises at lease commencement
7. Appendix A - Plans: Floor plans, site plans, and parking plans
8. Appendix B - Guarantees: Forms of any required guarantees
9. Appendix C - Insurance Certificates: Copies of required insurance certificates
Authors
Real Estate
Retail
Office Space
Industrial
Hospitality
Healthcare
Professional Services
Manufacturing
Warehousing
Technology
Education
Financial Services
Legal
Finance
Operations
Facilities Management
Risk Management
Compliance
Property Management
Asset Management
Real Estate
Administration
Property Manager
Facilities Manager
Real Estate Agent
Commercial Lawyer
Legal Counsel
Chief Financial Officer
Operations Manager
Business Owner
Asset Manager
Commercial Director
Leasing Manager
Property Administrator
Risk Manager
Compliance Officer
Building Manager
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