New Zealand Mutual Cancellation of Commercial Lease

NZ landlords, lease office or retail space to a business tenant with this template New Zealand Deed of Lease for Commercial Property.

• Expiry.The Deed of Lease includes a right to renew, but if the tenant does not renew the lease and continues to occupy the space after the expiry of the tenancy, the lease becomes month to month.
• Rent Review. The document sets out a mechanism for current market rent reviews.
• Outgoings and GST. The tenant is responsible for paying service charges for the premises and a proportionate share of outgoings for the building, as well as any GST payable on the lease or the outgoings.
• Maintenance. The tenant is responsible for the care and maintenance of the leased premises.
• Insurance. The landlord must insure the building for full replacement and reinstatement insurance or indemnity to full insurable value on the premises.
• Guarantee. The guarantor guarantees performance of the tenant's obligations and indemnifies the landlord against claims.
• Car Park. Provisions for rental of the car park.
• Sublets. This Deed of Lease form can also be used for subleases.
• Schedules. The file includes a copy of Article 11 of the First Schedule of the Arbitration Act 1996.
• This lease contract template is fully editable and can be easily customised to meet your needs.
• Intended for use only within New Zealand.

License office, storage, or meeting space in a shared facility to a business or organisation with this New Zealand Licence to Occupy template.

• The relationship between the parties is that of licensor and licensee, rather than landlord and tenant.
• The licensee has no right of renewal. When the current term expires, if the parties wish to continue the occupancy, a new Licence to Occupy must be signed.
• The licensee is responsible for paying outgoings for the premises including water, gas, telephone, electricity, rubbish collection, and the like.
• The licensee is also responsible for obtaining and maintaining adequate insurance, including public liability nsurance.
• The licensor is responsible for maintaining the building, grounds, carparks, etc. and for maintaining service contracts for the lifts, air conditioning and other services supplied by the licensor.
• The licensor is also responsible for maintaining adequate property insurance for loss, damage, destruction, public liability and loss of rent.
• If the space is being occupied for regular functions, such as monthly meetings, the licensee must provide contact information for a person responsible for organising such functions.
• The Licence includes sample Rules of Internal Management for organisations, clubs, charities, sports teams and the like. There are also provisions covering sponsorship, generally intended for sports teams.
• This legal contract template is provided in MS Word format, and is fully editable to fit your specific needs.
• Intended for use only in New Zealand.

Let your business tenants know that their leases have been transferred to a new owner of the building with this New Zealand Notice to Tenants of Assignment of Commercial Lease.

• The landlord of the building must give notice to all the leasehold tenants following the sale of the premises.
• The Notice also instructs the tenants that rent is now to be paid to the new landlord.
• This form can be saved as a template and re-used as often as you require.
• Available in MS Word format.
• Intended for use only within New Zealand.

Prepare a Surrender of Commercial Lease between a landlord and tenant with this template form for New Zealand business or retail leases.

Key Provisions

• The parties agree that the tenant will surrender the premises and the lease will be cancelled and terminated.
• The tenant will pay the landlord an agreed sum to terminate, and will forfeit all security / damage deposits.
• Both the landlord and tenant agree to honor their obligations under the lease until the effective date of the surrender.
• The tenant will remove its trade fixtures and specified leasehold improvements.

Format and Legal Jurisdiction

This legal document template is provided in MS Word format and is easy to download and use. It is intended for use only within New Zealand.