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Commercial Office Space Lease Agreement
"I need a Commercial Office Space Lease Agreement for a 500sqm office space in Sydney CBD, with a 5-year term starting March 1, 2025, including sustainability provisions and flexible workspace arrangements for a tech company tenant."
1. Parties: Identification of landlord and tenant, including ABN/ACN and registered addresses
2. Background: Context of the lease arrangement and brief property description
3. Definitions and Interpretation: Defined terms used throughout the lease and rules of interpretation
4. Grant of Lease: Core terms of the lease grant, including premises description and term
5. Rent and Outgoings: Rental amount, payment terms, outgoings, and review mechanisms
6. Security Deposit: Details of security deposit or bank guarantee requirements
7. Use of Premises: Permitted use and restrictions on use of the premises
8. Maintenance and Repairs: Responsibilities for maintenance, repairs, and replacements
9. Insurance: Required insurance coverage for both parties
10. Assignment and Subletting: Conditions for transfer of lease or subletting
11. Landlord's Covenants: Obligations and warranties of the landlord
12. Tenant's Covenants: Obligations and warranties of the tenant
13. Default and Termination: Events of default and termination rights
14. Make Good Obligations: End of lease restoration requirements
15. Notices: Process for giving formal notices under the lease
16. General Provisions: Miscellaneous legal and operational provisions
1. Option to Renew: Include when offering tenant rights to extend the lease term
2. Incentives: Include when landlord offers rent-free periods or fit-out contributions
3. Common Areas: Include for multi-tenanted buildings with shared facilities
4. Green Lease Provisions: Include for environmentally sustainable buildings or when parties agree to environmental targets
5. Covid-19 Provisions: Include specific provisions dealing with pandemic-related disruptions
6. Building Manager: Include for properties with ongoing building management services
7. Parking: Include when parking spaces are part of the lease
8. Signage Rights: Include when tenant has specific signage privileges
9. Market Rent Review: Include when rent reviews include market review mechanisms
10. Development Rights: Include when landlord reserves rights for future development
1. Schedule 1 - Premises Plan: Detailed plan showing leased area and measurements
2. Schedule 2 - Lease Particulars: Key commercial terms including rent, term, commencement date
3. Schedule 3 - Special Conditions: Any specific terms agreed between the parties
4. Schedule 4 - Building Rules: Operational rules and regulations for the building
5. Schedule 5 - Outgoings Categories: Detailed list of recoverable outgoings
6. Schedule 6 - Fit-out Guidelines: Technical requirements for tenant fit-out works
7. Schedule 7 - Condition Report: Initial condition of premises at lease commencement
8. Schedule 8 - Insurance Requirements: Detailed insurance specifications
9. Appendix A - Guarantee Agreement: Personal or corporate guarantee form
10. Appendix B - Bank Guarantee Format: Required format for bank guarantee
Authors
Bank Guarantee
Base Building
Building
Building Manager
Building Rules
Business Day
Commencement Date
Common Areas
Consumer Price Index
Default Rate
Expiry Date
Extension Period
GST
Guarantor
Initial Term
Land
Landlord's Fixtures
Lease
Lease Year
Licensed Areas
Make Good Obligations
Market Rent
Net Lettable Area
Notice
Outgoings
Permitted Use
Premises
Rent
Rent Review Date
Review Period
Security Deposit
Services
Tenant's Fixtures
Term
Termination Date
Working Hours
Yield Up
Building Services
Essential Safety Measures
Environmental Laws
Fit-out Works
Insurance Requirements
Lease Particulars
Option Period
Rates and Taxes
Related Entity
Required Standard
Statutory Requirements
Utilities
Grant of Lease
Rent and Payment
Security Deposit
Outgoings
Use of Premises
Maintenance and Repairs
Alterations and Improvements
Insurance
Indemnity
Assignment and Subletting
Landlord's Obligations
Tenant's Obligations
Default and Remedies
Termination
Make Good
Option to Renew
Common Areas
Building Services
Environmental Compliance
Work Health and Safety
Quiet Enjoyment
Emergency Procedures
Force Majeure
Notices
GST
Dispute Resolution
Governing Law
Confidentiality
Utilities and Services
Access and Security
Signage Rights
Property Management
Damage and Destruction
Compliance with Laws
Bank Guarantee
Registration
Costs and Stamp Duty
Representations and Warranties
Entire Agreement
Severability
Real Estate
Professional Services
Financial Services
Technology
Healthcare
Consulting
Legal Services
Insurance
Banking
Education
Retail Corporate
Government and Public Sector
Media and Communications
Non-Profit Organizations
Legal
Operations
Facilities
Finance
Procurement
Risk and Compliance
Property Management
Asset Management
Corporate Services
Administration
Real Estate
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Facilities Manager
Property Manager
Real Estate Manager
Legal Counsel
Corporate Lawyer
Operations Manager
Office Manager
Procurement Manager
Business Development Manager
Finance Director
Commercial Director
Risk Manager
Compliance Officer
Asset Manager
Leasing Executive
Property Administrator
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