Use this list BEFORE you sign on the dotted line to ensure you’ve completed the key clauses properly.
Have you stated the parties correctly? Are they an individual, a company or a trust?
If the tenant is a company do you know who the directors are? If so, have you sought the Directors Guarantee? More info on Directors Guarantee.
Does your lease need to be registered? Check your User’s Guide for the answer.
If a previous lease was registered on the title, take measures to remove the previous lease from the title registry.
Do you need your Mortgagees consent to lease?
If so, request consent to lease from the mortgagee using the form within the lease agreement.
Will you take a security deposit or a bank guarantee?
More information on Security Deposits.
Is the proposed use for the premises permitted under local planning laws? Check with Local council.
How is the Rent to be paid?
Is the Rent review clause set up correctly?
More information on Rent Reviews.
Optional terms – Is there an option to renew for an additional term? If yes
More Information on Optional Terms.
Outgoings – will the tenant be responsible for outgoings in excess of the rent? If so;
Insurances – is the tenant required to have certain insurance?
These include public liability, fire and theft? Have you sighted these policies?