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Generic Lease Agreement
"I need a Generic Lease Agreement for a commercial property in Auckland CBD, starting from March 2025, with specific provisions for office fit-out works and an option to renew for two additional 3-year terms."
1. Parties: Identification of the landlord/lessor and tenant/lessee with full legal names and contact details
2. Background: Context of the lease agreement and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Lease: Formal granting of the lease and specification of the property being leased
5. Term and Renewal: Duration of the lease, commencement date, and any renewal options
6. Rent and Outgoings: Rent amount, payment frequency, method of payment, and responsibility for utilities and other charges
7. Bond: Bond amount, payment terms, and conditions for return
8. Use of Premises: Permitted use of the property and any restrictions
9. Maintenance and Repairs: Responsibilities of landlord and tenant for maintenance, repairs, and improvements
10. Insurance: Insurance requirements for both parties
11. Access and Inspection: Landlord's rights of access and inspection procedures
12. Default and Termination: Events of default, termination rights, and procedures
13. General Provisions: Standard legal provisions including notices, governing law, and dispute resolution
14. Execution: Signing provisions and date of agreement
1. Guarantor: Required when there is a guarantor for the tenant's obligations
2. Assignment and Subletting: Include if the tenant may be allowed to assign or sublet with landlord's consent
3. Alterations and Improvements: Include for commercial leases or when significant modifications may be permitted
4. Option to Purchase: Include if giving the tenant an option to purchase the property
5. Break Clause: Include if either party has the right to terminate early under specific conditions
6. Property Manager: Include if a property manager is appointed to act on behalf of the landlord
7. Body Corporate: Required for apartments or units subject to body corporate rules
8. Special Conditions: Include for any unique requirements or agreements between the parties
1. Schedule 1 - Property Description: Detailed description of the property including chattels and fixtures
2. Schedule 2 - Rent Review Provisions: Detailed rent review mechanisms and timing
3. Schedule 3 - Maintenance Schedule: Detailed breakdown of maintenance responsibilities
4. Schedule 4 - Condition Report: Initial condition report of the property including photographs
5. Schedule 5 - Special Conditions: Any special conditions or variations to standard terms
6. Appendix A - Property Plans: Floor plans and property drawings if applicable
7. Appendix B - Healthy Homes Standards Compliance: Documentation of compliance with Healthy Homes Standards
8. Appendix C - Body Corporate Rules: If applicable, body corporate rules and regulations
Authors
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Industrial
Professional Services
Agriculture
Hospitality
Legal
Property Management
Operations
Facilities
Compliance
Real Estate
Asset Management
Administrative
Risk Management
Contract Management
Property Manager
Real Estate Agent
Leasing Manager
Facilities Manager
Legal Counsel
Contract Administrator
Asset Manager
Operations Manager
Property Administrator
Compliance Officer
Real Estate Lawyer
Housing Officer
Tenant Relations Manager
Portfolio Manager
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