Commercial Tenancy Agreement Template for Australia

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Key Requirements PROMPT example:

Commercial Tenancy Agreement

"I need a Commercial Tenancy Agreement for a retail clothing store in a shopping center in Melbourne, with a 5-year term starting March 1, 2025, including specific provisions for shopping center trading hours and seasonal pop-up retail spaces."

Document background
The Commercial Tenancy Agreement serves as the primary legal instrument for establishing and managing commercial property leasing arrangements in Australia. This document is essential when any business or individual seeks to lease commercial premises for business purposes. It must comply with relevant state-based legislation (such as the Retail Leases Act in various states) and federal laws governing commercial property relationships. The agreement typically includes comprehensive details about the premises, rental terms, maintenance obligations, insurance requirements, and specific use conditions. It's designed to protect both landlord and tenant interests while ensuring compliance with Australian commercial leasing regulations. A properly structured Commercial Tenancy Agreement is crucial for preventing disputes and providing clear guidelines for the ongoing landlord-tenant relationship.
Suggested Sections

1. Parties: Identification and details of the landlord and tenant, including ACN/ABN for corporate entities

2. Background: Context of the agreement, property details, and purpose of the lease

3. Definitions and Interpretation: Defined terms used throughout the agreement and rules for interpretation

4. Grant of Lease: Core lease terms including premises description, term, and option periods

5. Rent and Outgoings: Rent amount, payment terms, outgoings, and review mechanisms

6. Security Deposit/Bank Guarantee: Details of security required and conditions for return

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

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

9. Insurance: Required insurance policies and obligations of each party

10. Assignment and Subletting: Conditions and procedures for assignment or subletting the premises

11. Landlord's Covenants: Obligations and warranties provided by the landlord

12. Tenant's Covenants: Obligations and warranties provided by the tenant

13. Default and Termination: Events of default, consequences, and termination procedures

14. Dispute Resolution: Process for resolving disputes between parties

15. Notices: Requirements for giving valid notices under the lease

16. General Provisions: Standard boilerplate clauses including governing law, severability, and entire agreement

Optional Sections

1. Fit-out Works: Details of any initial fit-out works to be undertaken, used when premises require modification for tenant's use

2. Trading Hours: Specified trading hours if in a retail complex or building with restricted access times

3. Environmental Obligations: Specific environmental requirements and reporting, used for premises with significant environmental impact

4. Service of Alcohol: Special provisions for premises licensed to serve alcohol

5. Signage: Provisions regarding external and internal signage rights and restrictions

6. Car Parking: Allocation and management of car parking spaces if included in lease

7. Market Rent Review: Detailed market rent review procedures if applicable

8. Building Management: Additional provisions for multi-tenanted buildings regarding common areas and building rules

9. Subdivision: Provisions dealing with potential subdivision of the property or building

10. COVID-19 Provisions: Special provisions dealing with pandemic-related restrictions and obligations

Suggested Schedules

1. Schedule 1 - Lease Particulars: Key commercial terms including premises details, term, rent, outgoings, and review dates

2. Schedule 2 - Plan of Premises: Detailed plan showing the leased area and any exclusive or common areas

3. Schedule 3 - Outgoings Schedule: Detailed list of outgoings and allocation method

4. Schedule 4 - Building Rules: Rules governing the use and operation of the building or complex

5. Schedule 5 - Fit-out Requirements: Specifications and requirements for any tenant fit-out works

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

7. Appendix A - Guarantee: Form of personal or corporate guarantee if required

8. Appendix B - Bank Guarantee: Form of bank guarantee if required as security

9. Appendix C - Insurance Requirements: Detailed insurance requirements and minimum coverage levels

Authors

Alex Denne

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

Relevant legal definitions
Clauses
Relevant Industries

Retail

Professional Services

Hospitality

Healthcare

Technology

Manufacturing

Warehousing

Financial Services

Education

Entertainment

Food and Beverage

Automotive

Industrial

Logistics

Creative Industries

Relevant Teams

Legal

Operations

Finance

Real Estate

Facilities Management

Risk and Compliance

Property Management

Administration

Commercial Operations

Asset Management

Relevant Roles

Property Manager

Facilities Manager

Legal Counsel

Commercial Lawyer

Real Estate Agent

Business Owner

Chief Financial Officer

Operations Manager

Commercial Director

Lease Administrator

Asset Manager

Property Director

Compliance Officer

Risk Manager

Store Manager

Branch Manager

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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