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commercial lease nsw

Commercial Lease Agreement

 

 

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.

 

The Commercial Lease Agreement NSW Includes:-

  • DEFINITIONS AND INTERPRETATION
  • RENT AND OUTGOINGS 
  • ABATEMENT   
  • AIR CONDITIONING, FIRE EQUIPMENT, LIFTS AND ESCALATORS     
  • ELECTRICITY AND OTHER SERVICES     
  • OPTION TO RENEW   
  • INSURANCE REQUIREMENTS     
  • DEFAULT AND TERMINATION 
  • GUARANTORS       
  • BANK GUARANTEE     
  • EXECUTION AND REGISTRATION
  • MORTGAGEE CONSENT  

 

Our Commercial Lease Agreement  now includes a Heads of Agreement.

Why use a Heads of Agreement for Lease?

It is common practice to take a deposit of one months’ rent before drafting a commercial Lease. The deposit should be refundable, with the landlord’s costs deducted if the matter does not proceed. The contract that makes all this happen is the Heads of Agreement.

A Heads of Agreement is a short term contract that regulates the behaviour of the parties before a lease is entered into. Once a lease is signed it is the lease that governs the relationship.

A well worded Heads of Agreement makes it clear under what circumstances a deposit is returned, and when the landlord’s costs may be deducted. It also guards against claims for damages by either party if the lease does not proceed. There have been many cases in which a landlord or tenant as tried to claim damages from the other for various reasons. A Heads of Agreement that makes it clear contractual obligations do not commence until a lease is signed make such claims easier to defend, or prevents them entirely.

A tenant prefers to have their deposit returned rather than forfeited, even if the landlord’s costs are deducted. A landlord wants to make sure that their costs are paid even of the lease does not proceed. Both parties prefer to have the commercial terms of the lease agreed in writing before going to the trouble of drafting a Lease.

All the above are reasons to put in place a Heads of Agreement first. We have included a Heads of Agreement for Lease with our Leasing bundle which provides suggested wording and a list of commercial terms. Use your head. Use a Heads of Agreement for Lease.

 

 

 

 

Includes GST

 

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Easy as always
I’ve used this site over the years for quick templates to build and modify from. Saves a great deal of work and ensures I have up to date changes already made for me when I need.
Confidentiality Agreement
I have used Precedents Online and do find their product very well written and clear.
Title clear and helpful
Very good precedent - only comment would be to provide some examples or comments if each clause is essential to create a binding financial agreement and, if optional, 1 or 2 brief examples of circumstances where the relevant clause could be excluded. Otherwise, great work and I will certainly use precedents online again, cheers!
Your Legal Documents
Thanks for the great downloads. Great for starting a small legal practice.
Legal
Great service. Fast response and a good price. Easy to follow the download procedure. Would definitely use again.