5 Year Commercial Lease Agreement Template for New Zealand

1. Guarantee: Required when there is a personal or corporate guarantee for the tenant's obligations

2. Fitout Works: Included when initial tenant fitout works are required, specifying conditions and requirements

3. Option to Renew: Included when the tenant is granted options to extend the lease term

4. Right of First Refusal: Optional clause giving tenant first right to lease additional space or purchase the property

5. Building Management: Required for multi-tenanted buildings, covering building rules and management

6. Seismic Requirements: Necessary for buildings in seismic risk areas or those requiring strengthening

7. Green Lease Provisions: Optional provisions for environmental sustainability and energy efficiency requirements

8. Covid-19 Provisions: Specific provisions dealing with pandemic-related disruptions and requirements

1. Schedule 1 - Premises Details: Detailed description of the premises, including floor plans and area calculations

2. Schedule 2 - Rent and Operating Expenses: Detailed breakdown of rent, operating expenses, and payment schedules

3. Schedule 3 - Maintenance Schedule: Detailed allocation of maintenance responsibilities between landlord and tenant

4. Schedule 4 - Building Rules: Rules and regulations for use of the building and common areas

5. Schedule 5 - Fitout Specifications: Technical specifications for any approved tenant fitout works

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

7. Appendix A - Guarantor Documents: Forms and documents related to any guarantee arrangements

8. Appendix B - Insurance Requirements: Detailed specifications of required insurance coverage