Commercial Lease Agreement With Option To Purchase Template for New Zealand

1. Guarantees: Required when there are personal or corporate guarantors for the tenant's obligations

2. Alterations and Improvements: Detailed provisions for when significant modifications to the premises are contemplated

3. Environmental Matters: Required for properties with potential environmental concerns or specific compliance requirements

4. Seismic Performance: Important for buildings in earthquake-prone areas or where seismic ratings are a concern

5. Property Management: Required when specific property management arrangements need to be detailed

6. Right of First Refusal: Optional additional right if the landlord wishes to sell to a third party

7. Development Rights: Required when future development of the property is contemplated

8. Break Clause: Optional early termination provisions for either party

1. Schedule 1: Property Details: Detailed description of the premises, including title references and plans

2. Schedule 2: Rent and Operating Expenses: Detailed breakdown of rent calculations, review mechanisms, and operating expense components

3. Schedule 3: Condition Report: Detailed report on the condition of the premises at lease commencement

4. Schedule 4: Maintenance Responsibilities: Detailed allocation of maintenance and repair responsibilities

5. Schedule 5: Purchase Option Terms: Detailed terms of the purchase option, including price calculation method and exercise procedures

6. Schedule 6: Guarantor Obligations: Details of guarantor commitments and obligations if applicable

7. Appendix A: Property Plans: Floor plans, site plans, and area calculations

8. Appendix B: Building Compliance Documents: Relevant building warrants of fitness and compliance documents

9. Appendix C: Fitout Specifications: Details of any agreed tenant fitout works