The Condo Lease Agreement is essential for properly documenting the rental of strata-titled residential properties in Australia. This document should be used whenever a condominium unit is being leased to ensure compliance with both standard residential tenancy requirements and specific strata title regulations. It includes comprehensive provisions addressing unique aspects of condominium living, such as shared facilities, body corporate rules, and common property rights. The agreement is designed to protect both landlord and tenant interests while ensuring compliance with relevant state-based residential tenancy acts and federal legislation. It's particularly important for properties under strata management, as it incorporates necessary provisions for body corporate compliance and common property usage.
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1. Parties: Identification of the landlord/lessor and tenant/lessee with full legal names and contact details
2. Background: Brief context about the property and purpose of the lease agreement
3. Definitions: Definitions of key terms used throughout the agreement including 'Property', 'Common Areas', 'Body Corporate', 'Rent', etc.
4. Property Details: Specific description of the condo unit, including unit number, floor level, parking spaces, and storage units
5. Term of Lease: Start and end dates of the lease, including any options for renewal
6. Rent and Payment Terms: Rent amount, payment frequency, method of payment, and rent review provisions
7. Bond: Bond amount, payment terms, and conditions for return
8. Utilities and Outgoings: Responsibility for utilities, council rates, water usage, and other charges
9. Use of Property: Permitted use of the property and restrictions
10. Tenant Obligations: General obligations including maintenance, repairs, and compliance with by-laws
11. Landlord Obligations: Landlord's responsibilities regarding property maintenance and tenant's quiet enjoyment
12. Body Corporate Rules: Tenant's obligation to comply with body corporate by-laws and rules
13. Maintenance and Repairs: Responsibilities for maintenance, repairs, and damage
14. Insurance: Insurance requirements for both parties
15. Access and Inspection: Landlord's rights of entry and inspection
16. Default and Termination: Events of default and termination rights
17. Dispute Resolution: Process for resolving disputes between parties
18. Notices: How formal notices must be given between parties
19. Execution: Signing provisions and attestation
1. Pet Clause: Required when pets are allowed, specifying conditions and restrictions
2. Pool/Gym Access: Required when the building has shared facilities, detailing access rights and rules
3. Short-Term Letting: Required when addressing whether subletting via platforms like Airbnb is permitted
4. Special Modifications: Required when tenant needs to make modifications, e.g., for disability access
5. Additional Occupants: Required when other occupants besides the primary tenant will live in the property
6. Building Works: Required when upcoming building works might affect the tenancy
7. Gardening/Balcony Maintenance: Required when unit has private outdoor areas requiring maintenance
8. Storage Facilities: Required when separate storage facilities are included in the lease
1. Schedule 1 - Property Inventory: Detailed list of fixtures, fittings, and furnishings included in the lease
2. Schedule 2 - Property Condition Report: Detailed report of the property's condition at the start of the lease
3. Schedule 3 - Body Corporate By-Laws: Copy of the current body corporate by-laws applicable to the property
4. Schedule 4 - Special Conditions: Any additional terms and conditions specific to this lease
5. Schedule 5 - Building Rules: Specific building rules and regulations
6. Appendix A - Emergency Procedures: Building emergency procedures and evacuation plans
7. Appendix B - Utility Connection Guide: Information about connecting and managing utilities
8. Appendix C - Maintenance Request Procedures: Procedures for requesting and handling maintenance issues
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Residential Housing
Property Investment
Legal Services
Property Development
Strata Management
Building Management
Relevant Teams
Legal
Property Management
Residential Leasing
Compliance
Operations
Asset Management
Facilities Management
Strata Administration
Contract Administration
Risk Management
Relevant Roles
Property Manager
Real Estate Agent
Leasing Manager
Body Corporate Manager
Legal Counsel
Tenancy Manager
Asset Manager
Compliance Officer
Property Administrator
Facilities Manager
Strata Manager
Residential Leasing Specialist
Property Operations Manager
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