Commercial Lease Agreement for the NT – Northern Territory

A Commercial Lease is an agreement that sets out the guidelines of a leasing arrangement of a commercial property between the owner and tenant.

Commercial property covers those types of buildings such as:

• warehouses;
• factories;
• industrial properties; and
• offices etc.

Shops require a retail lease.

By using a property lease, the property owner protects their investment in a couple of ways.

Firstly, it clearly sets out the do’s and don’ts of the leasing arrangement so both parties understand their obligations to each other.

Secondly, if the tenant breaches any of the lease terms, then the landlord can take action based knowing they can rely on the lease as solid proof as to what was initially agreed upon.

Common breaches include events such as:

• late or non payment of rent;
• damage to property; or
• tenant using a property unlawfully or contrary to the permitted use.

Just imagine what it would be like to have to deal with any of these situations based on a verbal or inferred agreement.

If your tenant does not agree with your version of events, which is likely because human beings rarely remember things in exactly the same way, then it’s most likely that discussions with the tenant are going to quickly turn into arguments.

Animosity reduces your ability to resolve the current breach and sets the stage for future unhappiness. This affects your financial bottom line because an unhappy tenant is less likely to treat your property well or pay their rent as required.

An investment that’s paying it’s own way can fast turn into a money pit that requires constant topping up.

Another factor to bear in mind, is if this scenario plays out to a worst case example and you need to go to Court, you will have a near impossible task proving your case without a solid paper trail.

So don’t take the risk of relying on a verbal agreement – put it in writing by using our professionally drafted Commercial Lease Agreement. At $ it’s a no-brainer!

It’s easy to organise a Commercial Property Lease for your premises in the Northern Territory – our kit includes instructions and will save you time and money.

This lease document is suitable for use by

Arranging your Lease in 5 easy steps

Firstly you need to purchase and download the Kit.

Secondly, complete the kit using the Plain English User’s Guide.

It is provided as a Word document so it really is just a matter of personalising the agreement with your details.

Thirdly, submit the agreement to your tenant so that they have time to read it and seek legal advice if they choose to. Depending on their feedback you may need to alter the agreement.

Fourth Step – once both parties are happy with the terms, they would sign the agreement.

Lastly, the landlord needs to provide a signed copy of the lease to the tenant for their records.

That’s pretty much it.

The agreement caters to both situations where either:

1. Tenant Pays Outgoings

2. Landlord Pays Outgoings

This Commercial Lease Kit for NT includes the following provisions-

• Interpretation
• Premises
• Permitted use
• Security deposit
• Term
• Rent
• Option to Renew
• Rent Review
• Vacant Possession
• Copy of Agreement
• Locks and Security Devices
• Tax Invoices and Receipts
• Continuation
• Outgoings
• Utilities
• Approvals for Use
• Prohibited Uses
• Tenant Care and Use of the
• Insurance
• Alterations and Additions
• Responsibility for the actions of others
• Indemnity
• Release
• Assignment and Subletting
• Landlords access
• Unexpected events
• Tenants right to privacy
• Costs
• GST
• Statutes
• Notices
• Mitigation
• Termination
• Cleaning
• Dispute Resolution
• Renewal
• Guarantors Liability
• Special Conditions
• Rules and Regulations

Our fully secured ecommerce system allows you to purchase and download your Agreement safely. In just a few minutes you can have everything you need to manage the rental of your Commercial Property yourself and protect the interests of all the parties involved.

Sample Document Excerpt