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Lease And Sublease Agreement
"I need a Lease and Sublease Agreement for a commercial office building in Auckland, where my company will lease three floors starting March 2025 and sublease two floors to a tech startup, with specific provisions for green building standards and shared facilities."
1. Parties: Identification of all parties: head landlord, tenant (as sublandlord), and subtenant, including full legal names and addresses
2. Background: Context of the agreement, including existence of head lease and reason for sublease
3. Definitions and Interpretation: Defined terms used throughout the agreement and rules for interpretation
4. Grant of Lease/Sublease: Formal grant of the lease/sublease, specifying the premises and term
5. Term and Renewal: Duration of lease/sublease, commencement date, expiry date, and renewal options
6. Rent and Operating Expenses: Rent amount, payment terms, operating expenses, and review mechanisms
7. Outgoings and Utilities: Responsibility for rates, utilities, and other property-related expenses
8. Use of Premises: Permitted use of premises and any restrictions
9. Maintenance and Repairs: Responsibilities for maintenance, repairs, and replacements
10. Insurance: Required insurance coverage and obligations of each party
11. Default and Remedies: Events of default and available remedies
12. Assignment and Subletting: Rights and restrictions regarding further assignment or subletting
13. General Provisions: Standard boilerplate clauses including notices, governing law, etc.
1. Fit-out Works: Details of any permitted alterations or fit-out works by subtenant
2. Environmental Obligations: Specific environmental requirements and compliance obligations
3. Security Deposit: Requirements for security deposit or bank guarantee
4. Building Rules: Specific building rules and regulations that apply to the premises
5. Car Parking: Allocation and terms of car parking spaces if applicable
6. Signage Rights: Rights and restrictions regarding installation of signage
7. Break Clause: Early termination provisions if agreed
8. Covid-19 Provisions: Specific provisions relating to pandemic-related disruptions
9. Green Lease Provisions: Environmental sustainability obligations and targets
1. Schedule 1 - Premises Plan: Detailed plan showing the leased premises and common areas
2. Schedule 2 - Head Lease Provisions: Relevant provisions from head lease that apply to sublease
3. Schedule 3 - Rent Schedule: Detailed breakdown of rent, including review dates and mechanisms
4. Schedule 4 - Operating Expenses: Detailed list of operating expenses and allocation method
5. Schedule 5 - Fit-out Specifications: Detailed specifications for any approved fit-out works
6. Schedule 6 - Condition Report: Report on condition of premises at commencement of lease
7. Schedule 7 - Building Rules: Detailed building rules and regulations
8. Appendix A - Required Insurance: Detailed insurance requirements and specifications
9. Appendix B - Guarantee Form: Form of any required guarantee or security
Authors
Building
Business Day
Common Areas
Commencement Date
Default Interest Rate
Default Rate
Expiry Date
Head Landlord
Head Lease
Initial Term
Land
Lease Year
Lettable Area
Operating Expenses
Outgoings
Permitted Use
Premises
Principal Lease
Rent
Rent Review Date
Security Deposit
Services
Sublandlord
Sublease
Sublease Term
Subtenant
Term
Working Hours
Utilities
Market Rent
Base Building
Fit-out Works
Force Majeure Event
GST
Guarantor
Insurance
Interest Rate
Lease Period
Mortgagee
Notice
Occupancy Costs
Party/Parties
Related Company
Renewal Period
Rent Payment Date
Rules and Regulations
Schedule of Condition
Structural Elements
Tenant's Improvements
Working Day
Grant of Lease
Grant of Sublease
Term and Renewal
Rent
Operating Expenses
Security Deposit
Use of Premises
Alterations and Improvements
Maintenance and Repairs
Utilities and Services
Insurance
Property Access
Assignment and Subletting
Default and Remedies
Termination
Quiet Enjoyment
Compliance with Laws
Health and Safety
Environmental Compliance
Building Rules
Signage
Car Parking
Force Majeure
Notices
Dispute Resolution
Governing Law
Confidentiality
Registration
Costs
GST and Taxes
Guarantees
Indemnification
Relationship of Parties
Entire Agreement
Severability
Amendments
Waiver
Time of Essence
Further Assurances
Commercial Real Estate
Retail
Hospitality
Professional Services
Manufacturing
Healthcare
Technology
Education
Logistics and Warehousing
Banking and Financial Services
Legal
Property Management
Facilities Management
Operations
Finance
Risk and Compliance
Corporate Services
Real Estate
Administration
Procurement
Property Manager
Facilities Manager
Real Estate Manager
Legal Counsel
Operations Director
Chief Financial Officer
Commercial Manager
Lease Administrator
Asset Manager
Risk Manager
Compliance Officer
Business Development Manager
Corporate Services Manager
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