Company Let Tenancy Agreement Template for Australia

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Key Requirements PROMPT example:

Company Let Tenancy Agreement

"I need a Company Let Tenancy Agreement for a Grade A office building in Melbourne CBD, with a 5-year term starting March 2025, including specific provisions for green building compliance and shared facility access."

Document background
The Company Let Tenancy Agreement is a crucial legal document used in Australian commercial property transactions when a company seeks to lease commercial premises for business purposes. This agreement differs from standard residential leases or individual commercial leases as it specifically addresses corporate tenancy requirements, including company-specific provisions, corporate guarantees, and compliance with Australian business regulations. The document typically includes detailed terms about rent, maintenance, insurance, assignments, alterations, and termination rights, while ensuring compliance with state-specific commercial tenancy laws and the Corporations Act 2001. It serves as the primary reference point for managing the landlord-tenant relationship throughout the lease term and provides clear guidelines for dispute resolution.
Suggested Sections

1. Parties: Identification of the landlord and tenant companies, including ACN/ABN and registered addresses

2. Background: Context of the agreement and brief description of the premises and intended use

3. Definitions and Interpretation: Definitions of key terms and interpretation clauses

4. Grant of Lease: Core terms of the lease grant, including premises description and term

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

6. Security Deposit/Bank Guarantee: Details of security requirements and conditions

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

8. Maintenance and Repairs: Responsibilities for maintenance, repairs, and alterations

9. Insurance: Required insurance coverage for both parties

10. Assignment and Subletting: Conditions for transfer of lease rights

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 procedures

14. Damage and Destruction: Procedures in case of damage to premises

15. Notices: Requirements for serving notices between parties

16. Governing Law: Jurisdiction and applicable law

17. Execution: Execution clauses and signing requirements

Optional Sections

1. Option to Renew: Terms for lease renewal - include when offering renewal options

2. Break Clause: Early termination provisions - include when early termination might be needed

3. Make Good Obligations: Specific requirements for premises restoration - include for premises with special fixtures/fittings

4. Guarantee: Personal or corporate guarantees - include when additional security is required

5. Green Lease Provisions: Environmental efficiency obligations - include for environmentally conscious parties

6. Covid-19/Force Majeure: Specific provisions for pandemics/unexpected events - include based on risk assessment

7. Car Parking: Specific provisions for car parking - include if parking is part of the lease

8. Signage Rights: Provisions for external/internal signage - include for retail/commercial premises requiring signage

9. Building Name and Marketing: Use of building name/marketing rights - include for significant commercial properties

Suggested Schedules

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

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

3. Schedule 3 - Building Rules: Building rules and regulations

4. Schedule 4 - Outgoings: Detailed list of outgoings and allocation method

5. Schedule 5 - Fit-out Specifications: Approved fit-out plans and specifications

6. Schedule 6 - Condition Report: Initial condition report of the premises

7. Schedule 7 - Special Conditions: Any special or additional conditions

8. Appendix A - Required Insurance Certificates: Copies of required insurance certificates

9. Appendix B - Bank Guarantee Format: Approved format for bank guarantee

10. Appendix C - Green Building Requirements: Environmental performance requirements and standards

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

Commercial Real Estate

Retail

Professional Services

Manufacturing

Hospitality

Technology

Healthcare

Financial Services

Logistics

Education

Creative Industries

Relevant Teams

Legal

Operations

Finance

Facilities Management

Real Estate

Risk and Compliance

Property Management

Administrative Services

Business Development

Corporate Services

Relevant Roles

Property Manager

Legal Counsel

Real Estate Director

Facilities Manager

Commercial Leasing Manager

Chief Financial Officer

Operations Director

Company Secretary

Risk Manager

Compliance Officer

Real Estate Agent

Business Development Manager

Asset Manager

Property Portfolio 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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