Lease With Option To Buy Commercial Property Template for New Zealand

1. Guarantees: Required when there are personal or corporate guarantors for either the lease or option obligations

2. Alterations and Improvements: Include when the lessee is permitted to make significant modifications to the property

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

4. Seismic Requirements: Include for buildings requiring specific seismic compliance or upgrading

5. Development Rights: Include when the lessee has rights to develop or substantially modify the property during the lease

6. Option Extension: Include when there are provisions for extending the option period

7. Multiple Tenancies: Required when the property has other tenants or future tenancy rights

8. Resource Consent Conditions: Include when specific resource consents affect the property use or development

1. Property Description: Detailed legal description of the property, including title references and area

2. Lease Terms Schedule: Detailed commercial terms including rent, review dates, outgoings, and key dates

3. Option Price Calculation: Formula or mechanism for determining the purchase price if not fixed

4. Condition Report: Detailed description of the property's condition at lease commencement

5. Permitted Use Details: Specific details of allowed commercial activities and any restrictions

6. Outgoings Schedule: Detailed breakdown of operating expenses and their allocation

7. Building Rules and Regulations: Specific rules governing the use and operation of the building

8. Plans and Drawings: Property plans, floor plans, and any relevant architectural drawings