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Commercial & Retail  Lease Agreement include Lease (Commercial, General) which is a general commercial lease that can be adapted to most uses. Suitable for most general commercial properties.

Understanding a Commercial Lease. … A lease is a legally binding contract that gives you certain rights to a property for a set term. A commercial lease is used when leasing property used primarily for a business. You should never sign a lease without understanding all of its terms and conditions.


commercial and retail lease agreement

 Lease (Commercial, General) 

Commercial & Retail  Lease Agreement include Lease (Commercial, General) which is a general commercial lease that can be adapted to most uses. Suitable for most general commercial properties.

Understanding a Commercial Lease. … A lease is a legally binding contract that gives you certain rights to a property for a set term. A commercial lease is used when leasing property used primarily for a business. You should never sign a lease without understanding all of its terms and conditions.

Commercial Lease & Retail Lease

Commercial Lease is the legal document which sets out the rights and responsibilities of both landlord and tenant of a commercial premises

There are two kinds of Commercial Leases:-

  • 1. Retail Commercial Lease:  wherever goods or services are being  sold to the public from the premises, and;
  • 2. Non-Retail Commercial Lease:  wherever the premises will not be used to sell goods or services to the public, but will still be used for business purposes (e.g. offices, warehouses).

Our Lease (Commercial, General) is 54 pages long and includes:-

  • CONTENTS
  • Part 1      DEFINITIONS AND INTERPRETATION
  • 1.1.       Definitions
  • 1.2.       Interpretation
  • Part 2       RENT AND OUTGOINGS
  • 2.1.       Rent Payment
  • 2.2.       Rent Review
  • 2.3.       Statement of Outgoings
  • 2.4.       Outgoings paid by Lessee
  • 2.5.       GST
  • 2.6.       Method of Payment
  • Part 3      ABATEMENT
  • 3.1.       Notice to Rebuild
  • 3.2.       Notice to Terminate
  • 3.3.       Termination following Failure to Rebuild
  • 3.4.       Continued Occupation during Rebuilding
  • 3.5.       Abatement of Rent
  • 3.6.       No Requirement to Rebuild
  • 3.7.       Disputes
  • Part 4      RESUMPTION AND EASEMENTS
  • 4.1.       Resumption
  • 4.2.       Easements
  • Part 5        USE OF PREMISES
  • 5.1.       Permitted Use
  • 5.2.       No Noxious Use
  • 5.3.       Use of Accessories
  • 5.4.       Drains and Wastes
  • 5.5.       Services to the premises
  • 5.6.       Walls
  • 5.7.       Public Address System
  • 5.8.       Cleaning
  • 5.9.       Garbage and rubbish
  • 5.10.    Rubbish Removal
  • 5.11.    Overloading of Floors
  • 5.12.    Machinery
  • 5.13.    Electrical Equipment
  • 5.14.    Fire safety
  • 5.15.    Light and Air
  • 5.16.    Animals
  • 5.17.    Special Services
  • 5.18.    Fittings and Fixtures
  • 5.19.    Window Displays
  • 5.20.    Glass and Signs
  • 5.21.    Locks, Doors and Windows
  • 5.22.    Light Bulbs, Tubes and Illuminated Signs
  • 5.23.    Painting of Interior
  • 5.24.    Notices from Public Authorities
  • 5.25.    Pest Control
  • 5.26.    Diseases
  • 5.27.    Notice of Defects
  • 5.28.    Exterior Signs
  • 5.29.    Auctions
  • 5.30.    Pick Up and Delivery
  • 5.31.    Lessee Not to Cause Rent Reductions
  • 5.32.    Lessee Not to Prejudice Superior Estate
  • 5.33.    Smoking
  • Part 6        ASSIGNMENT
  • 6.1.       Consent to assignment
  • Part 7        MAINTENANCE, REPAIR, ALTERATIONS, ETC.
  • 7.1.       Maintenance and repair
  • 7.2.       Repairs at end of term
  • 7.3.       Alterations
  • 7.4.       Partitioning
  • 7.5.       Lessor May Enter to Repair
  • 7.6.       Default in Repairing
  • 7.7.       Lessor’s Rights to repair and maintain
  • 7.8.       Notice of Alterations or refurbishment
  • 7.9.       Liens created by Lessee
  • Part 8        Environmental Clauses
  • 8.1.       Environmental obligations of the Lessee
  • 8.2.       Lessee to co-operate with Lessor’s Environmental Initiatives
  • Part 9        AIR CONDITIONING, FIRE EQUIPMENT, LIFTS AND ESCALATORS
  • 9.1.       Repair and Use
  • 9.2.       Interference with Equipment
  • 9.3.       Faulty Equipment
  • 9.4.       Access to Contractors
  • 9.5.       Lessee to Comply with Regulations
  • 9.6.       Air Conditioning After Hours
  • 9.7.       Operating Hours of Building
  • Part 10          ELECTRICITY AND OTHER SERVICES
  • 10.1.    Lessee to arrange services
  • 10.2.    Lessee to pay for metered services directly
  • 10.3.    Failure of services
  • Part 11          OPTION TO RENEW
  • 11.1.    Exercise of Option to Renew
  • 11.2.    Purchaser of the premises
  • Part 12          INSURANCE REQUIREMENTS
  • 12.1.    Lessee to Effect Insurance
  • 12.2.    Insurance by Sub-Lessees
  • 12.3.    General Insurance Provisions
  • 12.4.    Heating and Energy
  • 12.5.    Insurance Not to be Avoided
  • 12.6.    Fire Safety Regulations
  • 12.7.    Additional or increased Premiums
  • 12.8.    Lessor is the Attorney of the Lessee
  • Part 13          INDEMNITIES
  • 13.1.    Occupancy at Risk of Lessee
  • 13.2.    Uninsured loss
  • 13.3.    Indemnities
  • 13.4.    No merger
  • Part 14          ATTORNEY
  • 14.1.    Lessor to be attorney of the lessee
  • Part 15          QUIET ENJOYMENT AND HOLDING OVER
  • 15.1.    Quiet Enjoyment
  • 15.2.    Holding Over
  • Part 16         DEFAULT AND TERMINATION
  • 16.1.    Re-entry and Surrender of lease
  • 16.2.    Essential Terms
  • 16.3.    Payment of Rent after Default
  • 16.4.    Lessor’s right to Remedy Defaults
  • 16.5.    Interest on overdue amounts
  • 16.6.    Yielding Up Possession
  • 16.7.    Lessee’s Fixtures
  • 16.8.    Lessee’s Fixtures Not Removed
  • 16.9.    Payment of Rent upon Default
  • Part 17          COMMON AREAS
  • 17.1.    Access to Common Areas
  • 17.2.    Use of Common Areas
  • 17.3.    Exclusion of persons from the building
  • 17.4.    Maintenance of Common Areas
  • 17.5.    Rules and Regulations
  • 17.6.    Control of Common Areas
  • 17.7.    Kiosks
  • Part 18          MISCELLANEOUS
  • 18.1.    Warranties
  • 18.2.    Waiver
  • 18.3.    Notices
  • 18.4.    Non-Merger
  • 18.5.    Moratorium
  • 18.6.    Consents
  • 18.7.    Covenants and assignees or successors in title
  • 18.8.    Transfer to be complete
  • 18.9.    Costs
  • 18.10.  ‘For Lease’ Notices
  • 18.11.  Demolition
  • Part 19          GUARANTORS
  • 19.1.    Guarantee and Indemnity
  • 19.2.    Liability of Guarantor
  • 19.3.    Continuing Guarantee and Indemnity
  • Part 20          BANK GUARANTEE
  • 20.1.    Deposit
  • 20.2.    Increase in Deposit
  • 20.3.    Appropriation of Deposit
  • 20.4.    Assignment of Deposit
  • Part 21          EXECUTION AND REGISTRATION
  • 21.1.    Execution
  • Part 22          MORTGAGEE CONSENT
  • 22.1.    Mortgagee’s Consent
  • Part 23          TRUSTS
  • 23.1.    Lessee’s Trust
  • 23.2.    Capacity of Trustee

 

If this Commercial & Retail Lease Agreement is not what you are looking for please do not hesitate to contact us.

 


 

 

 

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