Asset Lease Agreement Template for New Zealand

1. Purchase Option: Include when the lessee has the option to purchase the asset during or at the end of the lease term

2. Sub-leasing: Include when sub-leasing is permitted, specifying conditions and approval requirements

3. Modifications: Include when the lessee is permitted to modify the asset, specifying conditions and ownership of modifications

4. Service Level Agreement: Include when the lease includes maintenance or support services provided by the lessor

5. Special Industry Requirements: Include when the asset is used in regulated industries requiring specific compliance measures

6. Import/Export Requirements: Include for assets that may be used internationally or require compliance with import/export regulations

7. GST Registration: Include specific GST clauses when parties are GST registered and need to address GST treatment

8. Force Majeure: Include when parties want specific provisions for handling unforeseen events beyond their control

1. Schedule 1 - Asset Description: Detailed description of the leased asset(s) including specifications, condition, and serial numbers

2. Schedule 2 - Rent Schedule: Detailed breakdown of rent payments, including dates, amounts, and any escalation provisions

3. Schedule 3 - Maintenance Schedule: Required maintenance procedures, schedules, and responsibilities

4. Schedule 4 - Insurance Requirements: Detailed insurance requirements including types of coverage, amounts, and named insureds

5. Schedule 5 - Condition Report: Initial condition report of the asset including photographs and noted defects

6. Appendix A - Approved Locations: List of locations where the asset may be used or stored

7. Appendix B - Authorized Operators: List of persons authorized to operate the asset (if applicable)

8. Appendix C - Return Conditions: Detailed specifications for the required condition upon return of the asset