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Space Rental Agreement
"I need a Space Rental Agreement for a retail shop in Auckland, New Zealand, starting from March 2025, with specific provisions for signage rights and after-hours access for a 24/7 convenience store operation."
1. Parties: Identification and details of the landlord/lessor and tenant/lessee, including legal names, addresses, and company registration numbers if applicable
2. Background: Context of the agreement, brief description of the premises, and general intent of the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Lease: Formal grant of the lease, specifying the premises and any included facilities or areas
5. Term and Renewal: Duration of the lease, commencement date, expiry date, and renewal options
6. Rent and Operating Expenses: Rental amount, payment schedule, review mechanisms, and allocation of operating expenses
7. Security Deposit: Details of security deposit or bond requirements, holding arrangements, and conditions for return
8. Permitted Use: Specified allowed uses of the premises and any restrictions
9. Maintenance and Repairs: Responsibilities of each party regarding maintenance, repairs, and replacements
10. Insurance and Liability: Insurance requirements for both parties and allocation of risks
11. Access and Security: Rules regarding access to the premises, security arrangements, and keys
12. Utilities and Services: Responsibility for utilities, services, and associated costs
13. Default and Remedies: Events of default and available remedies for both parties
14. Termination: Grounds for termination and process to be followed
15. General Provisions: Standard legal provisions including notices, governing law, and dispute resolution
1. Fit-out Works: Details of any tenant improvements or modifications, used when premises require initial fit-out
2. Common Areas: Rules and costs for shared facilities, applicable in multi-tenanted buildings
3. Subletting and Assignment: Rules regarding transfer of lease rights, included when subletting might be permitted
4. Signage: Requirements and restrictions for exterior and interior signage, important for retail or commercial spaces
5. Environmental Obligations: Special environmental requirements or certifications, used for green buildings or when specific environmental compliance is needed
6. Pandemic/Force Majeure Provisions: Specific provisions for handling pandemics or other force majeure events, increasingly common post-COVID
7. Car Parking: Allocation and rules for parking spaces, if parking is included
8. Building Management: Additional rules and requirements set by building management, relevant in managed commercial buildings
1. Schedule 1: Premises Plan: Detailed plan showing the leased area, measurements, and boundaries
2. Schedule 2: Rent Schedule: Detailed breakdown of rent payments, reviews, and operating expenses
3. Schedule 3: Condition Report: Initial condition of the premises including photographs and descriptions
4. Schedule 4: Building Rules: Specific rules and regulations for the building or complex
5. Schedule 5: Fit-out Specifications: Technical specifications for any approved fit-out works
6. Schedule 6: Service Level Agreement: Details of services provided by the landlord or building management
7. Appendix A: Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
8. Appendix B: Maintenance Schedule: Detailed breakdown of maintenance responsibilities and schedules
Authors
Real Estate
Retail
Professional Services
Healthcare
Education
Technology
Manufacturing
Hospitality
Entertainment
Logistics
Financial Services
Non-Profit Organizations
Creative Industries
Consulting
Legal
Facilities Management
Operations
Finance
Real Estate
Risk Management
Procurement
Compliance
Property Management
Asset Management
Administration
Facilities Manager
Property Manager
Real Estate Agent
Legal Counsel
Operations Director
Chief Financial Officer
Business Development Manager
Office Manager
Procurement Manager
Risk Manager
Commercial Director
Building Services Manager
Compliance Officer
Space Planning Manager
Asset Manager
Lease Administrator
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