COMMERCIAL LEASE NSW
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At a Glance
Commercial leases are contracts between landlords and tenants that govern how much rent will be paid and when it will be paid. This document provides information on the terms of a commercial lease in New South Wales (NSW).
Commercial Lease Agreement NSW includes a general purpose leasing agreement contract. Suitable for most commercial properties.A Commercial Lease Agreement between a landlord and a business outlining terms and conditions of property rental. A Commercial Lease Agreement is specific to renters using the property for business or other commercial purposes versus residential use.
Commercial Lease
This Commercial Lease is a comprehensive precedent governing the lease of commercial premises between a landlord and a tenant. It sets out each party’s obligations for rent, maintenance, insurance, and termination, ensuring compliance with Australian commercial tenancy laws.
What This Lease Covers
• Term, rent, and option to renew
• Permitted use and restrictions on assignment or subletting
• Repairs, maintenance, and make-good obligations
• Rent reviews and outgoings
• Insurance, indemnities, and security deposit terms
• Default, breach, and termination provisions
• Lessor’s and lessee’s warranties
• Execution, notices, and governing law
✅ Free with purchase: “Acting for the Lessor” Checklist + “Acting for the Lessee” Checklist.
Why Use This Template?
• Provides a ready-to-use commercial lease for retail and non-retail premises
• Clearly defines landlord and tenant obligations
• Includes strong clauses for maintenance, insurance, and rent adjustment
• Protects both parties through fair risk allocation and dispute procedures
• Fully editable and customisable for Australian property transactions
Suitable For
This precedent is ideal for solicitors, landlords, and commercial tenants needing a complete lease template for offices, warehouses, or retail spaces.
INCLUDES
The Commercial Lease Agreement Template is a professionally drafted document covering all essential aspects of a commercial lease in New South Wales. It includes:
- Definitions and Interpretation – Clearly explains key terms and clauses used throughout the agreement.
- Rent and Outgoings – Details rent payment obligations, frequency, and tenant responsibilities for outgoings.
- Abatement – Specifies conditions under which rent may be reduced or suspended, such as damage or inaccessibility.
- Air Conditioning, Fire Equipment, Lifts, and Escalators – Outlines maintenance and operational responsibilities for essential building services.
- Electricity and Other Services – Covers tenant and landlord obligations regarding utility services and metering.
- Option to Renew – Sets out the tenant’s rights and conditions for lease renewal at the end of the term.
- Insurance Requirements – Specifies mandatory insurance coverage for both landlords and tenants.
- Default and Termination – Defines breaches of lease terms, consequences of default, and termination procedures.
- Guarantors – Includes provisions for personal or corporate guarantees where required.
- Bank Guarantee – Outlines security deposit requirements in the form of a bank guarantee.
- Execution and Registration – Details the formal signing process and registration of the lease with relevant authorities.
- Mortgagee Consent – Covers the requirement for landlord’s mortgagee approval if applicable.
This comprehensive lease agreement ensures clarity, legal compliance, and protection for both landlords and tenants.
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