Shop lease agreement
This is a lease for a self contained lock-up shop. It could be in a parade or detached. It does not require provision for service charge recovery. It may be pure retail or it may have offices or other business space attached. Features: guarantor; break provision; rent review options; option for assignment; sub-letting not allowed; draft agreement for security deposit.
- Solicitor approved
- Plain English makes editing easy
- Guidance notes included
- Money back guarantee
About this shop lease
This lease should be used to let a shop or retail unit that does not share services or facilities with neighbouring units owned by the same landlord. The shop itself may be part of a parade of other shops owned by other landlords, or it may be stand-alone.
he shop may or may not have additional space used by the tenant for other business purposes, such as offices or storage.
This is a professionally drawn, very comprehensive lease with massive legal protection for the landlord including a long menu of “do’s” and “don’ts”.
This lease is not a compromise between the interests of the parties. It prefers the landlord’s interest. We think that is the best start point. If you wish to make concessions to your tenant, that is fine, but we want you have those choices.
It includes service charge provisions to provide 100% recovery of service costs.
Similar commercial lease agreements
If a restaurant, cafe or fast food outlet will be operated from the property, use Restaurant lease agreement. This lease contains specific clauses for commercial kitchens and food retail.
If the shop being let is part of a parade owned by the same landlord, or uses shared facilities and services, use Business lease: shop in parade. This agreement contains service charge recovery provisions.
If the property will be used as an office (rather than a shop), Self contained office lease agreement may be more appropriate.
Plain English is used throughout except where it is necessary to use legal terms common in this field of law.
The key features of this template can be summarised as:
- standard guarantor
- options for transfer or assignment to another party
- sub-letting forbidden
- option to include a break clause for premature termination by the tenant
- a choice of options for rent reviews
The law in this shop lease
Commercial leases in New Zealand are governed by the Property Law Act 2007. There is no legal requirement that lease must be registered. However, the parties have the option of protecting their interests by registering the lease.
This shop lease is comprehensive, providing alternative choices for important decisions.
The contents include 29 provisions and 2 schedules covering:
- rent: period, amount, other payments, interest on overdue rent, periodic review
- condition and repair
- tenant's positive obligations
- restrictions on tenant: prohibited activities on the property
- signs and advertisements
- assignment of the lease
- indemnities by the tenant
- security deposit
- access for landlord
- termination: default notice by landlord; provision for premature termination (a break clause)
- Schedule 1: rights reserved
- Schedule 2: draft agreement for a security deposit
This document was written by a solicitor for Net Lawman. It complies with current New Zealand law.
"I have found Net Lawman perfect for my needs and saved me thousand of dollars in legal fees getting a lawyer to produce these douc's from scratch. I have used three of the Net Lawman doc's to basically write up the NDA, contract, Non Solicitation agreements to a level of being 95% complete and then used my lawyer to sign off. My lawyer even commented how complete these doc's are.
Thanks guys, great service/product.
Cheers Dean"Dean Harper
"I used Netlawman to pre-work some contracts for my lawyer. He came back stating that the forms were 'excellent' and saved me several billable hours."Chris T.
"Compared to the costs quoted by our lawyers your service is an absolute bargain. We can now invest our money where it really matters!"Gary Morrison