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Simple Commercial Lease Template for New Zealand

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Key Requirements PROMPT example:

Simple Commercial Lease

"I need a Simple Commercial Lease for a retail shop in Auckland CBD, with a 5-year term starting March 1, 2025, including specific provisions for after-hours access and shared loading dock usage."

Document background
The Simple Commercial Lease is designed for use in New Zealand commercial property transactions where parties require a straightforward but comprehensive lease agreement. This document is particularly suitable for standard commercial tenancies where complex specialized provisions are not required. It incorporates key requirements under New Zealand law, including the Property Law Act 2007, while maintaining accessibility and clarity. The agreement is typically used for office spaces, retail units, and basic industrial premises, providing essential provisions for rent, term, maintenance, insurance, and standard operating procedures. The Simple Commercial Lease is structured to protect both landlord and tenant interests while avoiding unnecessary complexity, making it ideal for straightforward commercial letting arrangements in the New Zealand market.
Suggested Sections

1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and company details if applicable

2. Background: Context of the lease agreement, including brief description of the premises and purpose of the lease

3. Definitions: Definitions of key terms used throughout the lease agreement

4. Grant of Lease: Formal grant of the lease, specifying the premises and any exclusive or shared areas

5. Term and Renewal: Duration of the lease, commencement date, expiry date, and renewal options

6. Rent and Operating Expenses: Rent amount, payment terms, review mechanisms, and operating expenses/outgoings

7. Use of Premises: Permitted use of the premises and any restrictions

8. Maintenance and Repairs: Responsibilities of landlord and tenant for maintenance, repairs, and replacements

9. Insurance: Insurance requirements for both parties, including types of coverage required

10. Assignment and Subletting: Conditions under which the tenant may assign or sublet the premises

11. Landlord's Covenants: Obligations and promises of the landlord

12. Tenant's Covenants: Obligations and promises of the tenant

13. Default and Remedies: Events of default and available remedies for both parties

14. Termination: Circumstances and procedures for lease termination

15. General Provisions: Standard boilerplate clauses including notices, governing law, and dispute resolution

Optional Sections

1. Fit-out Works: Details of any initial fit-out works to be carried out, used when premises require modification before occupation

2. Break Clause: Early termination options, included when parties want flexibility to end the lease early

3. Guarantee: Personal or corporate guarantee provisions, used when additional security is required

4. Car Parking: Specific provisions for car parking rights and obligations, included when parking is part of the lease

5. Building Management: Building rules and management provisions, used for multi-tenanted buildings

6. Seismic Rating: Specific provisions regarding building's seismic rating and related obligations, important for buildings in seismic risk areas

7. Green Lease Provisions: Environmental and sustainability obligations, used when parties want to incorporate environmental commitments

8. Covid-19 Provisions: Specific provisions dealing with pandemic-related disruptions, used when parties want to address public health emergencies

Suggested Schedules

1. Schedule 1 - Premises Plan: Detailed plan showing the leased premises, common areas, and any exclusive use areas

2. Schedule 2 - Rent Review Provisions: Detailed methodology and procedures for rent reviews

3. Schedule 3 - Operating Expenses: Detailed breakdown of operating expenses and calculation methodology

4. Schedule 4 - Fit-out Specifications: Detailed specifications for any agreed fit-out works

5. Schedule 5 - Building Rules: Building rules and regulations for multi-tenanted buildings

6. Schedule 6 - Condition Report: Detailed report on the condition of the premises at the start of the lease

7. Schedule 7 - Guarantor Provisions: Detailed terms of any guarantee arrangements

8. Appendix A - Required Insurance: Detailed insurance requirements and specifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































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Relevant Industries

Retail

Office Commercial

Industrial

Hospitality

Healthcare

Professional Services

Manufacturing

Warehousing

Technology

Education

Financial Services

Relevant Teams

Legal

Property Management

Operations

Facilities

Finance

Risk & Compliance

Real Estate

Asset Management

Administration

Business Development

Relevant Roles

Property Manager

Commercial Real Estate Agent

Facilities Manager

Legal Counsel

Business Owner

Operations Manager

Commercial Property Investor

Asset Manager

Leasing Manager

Real Estate Portfolio Manager

Commercial Director

Chief Financial Officer

Company Secretary

Risk Manager

Compliance Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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