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Real Estate Lease Agreement
"I need a Real Estate Lease Agreement for a commercial retail space in Auckland CBD, starting from March 1, 2025, with an initial 5-year term and two 3-year renewal options, including specific provisions for retail trading hours and fit-out requirements."
1. Parties: Identification and details of the landlord/lessor and tenant/lessee, including legal names, addresses, and contact information
2. Background: Context of the lease agreement, including brief description of the property and purpose of the lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the leased premises, including address, boundaries, and included fixtures/fittings
5. Term and Renewal: Duration of the lease, commencement date, expiry date, and any renewal options
6. Rent and Payment Terms: Rental amount, payment frequency, payment method, and review mechanisms
7. Bond and Security Deposit: Details of required bond/security deposit, terms of holding and return
8. Utilities and Outgoings: Responsibility for utilities, rates, insurance, and other operating expenses
9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance, repairs, and improvements
10. Use of Premises: Permitted use of the property and any restrictions
11. Insurance Requirements: Insurance obligations for both landlord and tenant
12. Access and Inspection: Landlord's rights of access and inspection procedures
13. Default and Remedies: Consequences of breach and available remedies
14. Termination: Grounds and procedures for termination by either party
15. General Provisions: Standard clauses including notices, governing law, and dispute resolution
1. Body Corporate Rules: Required for unit title properties, incorporating relevant body corporate rules and regulations
2. Fit-out Works: For commercial leases where tenant improvements or modifications are planned
3. Operating Hours: For commercial properties with specific trading hour requirements
4. Environmental Obligations: Specific environmental compliance requirements, particularly relevant for industrial or commercial properties
5. Guarantees: Where personal or corporate guarantees are required for the lease
6. Assignment and Subletting: Detailed provisions for transfer of lease or subletting, more common in commercial leases
7. Option to Purchase: Where the tenant is given an option to purchase the property
8. Covid-19 Provisions: Specific provisions relating to pandemic-related disruptions and requirements
9. Break Clause: Early termination options under specific circumstances
1. Schedule 1: Property Plan: Detailed plan or drawing of the premises including boundaries and common areas
2. Schedule 2: Inventory: List of fixtures, fittings, and furniture included in the lease
3. Schedule 3: Condition Report: Detailed report on the condition of the property at commencement of lease
4. Schedule 4: Maintenance Schedule: Detailed breakdown of maintenance responsibilities and schedules
5. Schedule 5: Rent Review Schedule: Details of rent review dates and mechanisms
6. Schedule 6: Special Conditions: Any special or unique conditions applying to the lease
7. Appendix A: Property Photographs: Photographic evidence of property condition at lease commencement
8. Appendix B: Building Compliance Documents: Copies of relevant building warrants of fitness and compliance documents
9. Appendix C: Insurance Certificates: Copies of required insurance certificates
Authors
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Industrial
Hospitality
Healthcare
Education
Professional Services
Manufacturing
Logistics
Agriculture
Legal
Real Estate
Property Management
Operations
Facilities
Risk and Compliance
Asset Management
Administrative Support
Business Development
Contract Management
Property Manager
Real Estate Agent
Facilities Manager
Legal Counsel
Property Lawyer
Commercial Director
Operations Manager
Asset Manager
Leasing Manager
Compliance Officer
Risk Manager
Contract Administrator
Business Development Manager
Property Administrator
Tenant Relations Manager
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