Commercial Lease Agreement (Multi-Occupancy Premises) (VIC)
A Commercial Lease Agreement is a legal document that can be used when a commercial property within multi-occupancy premises is being leased out in Victoria.
Last updated January 13, 2025
Suitable for Australia
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Frequently asked questions
Use this Commercial Lease Agreement (Multi-Occupancy Premises) (VIC) If:
- You want to lease a commercial property, such as a warehouse, factory, store or yard.
- You want to ensure that your commercial property is used in a manner that was intended or agreed upon.
- You want the other party to be aware of the conditions of the property’s use and the consequences of non-compliance with those conditions.
What does this Commercial Lease Agreement (Multi-Occupancy Premises) (VIC) Cover?
- Landlord and tenant identities
- Property being leased
- Tenant conditions
- Length of the lease
- Option to renew the lease or sublease
- Rent amount and frequency of payments
- Termination conditions
- Rights after a breach
Further Information:
View Sample Commercial Lease Agreement (Multi-Occupancy Premises) (VIC)
The Legal Risk Score of a Commercial Lease Agreement (Multi-Occupancy Premises) (VIC) Template is Medium
Our legal team have marked this document as medium risk considering:
- The lease includes provisions for the lessee to pay not only the base rent but also additional costs such as shared expenses, rates, taxes, and maintenance costs, which could increase financial liabilities unexpectedly depending on changes in external factors like taxation or building management decisions.
- The document imposes specific operational restrictions on the use of the leased premises, which could limit the lessee’s ability to adapt the space for varying business needs or could incur additional costs if changes to the premises are desired.
- The lessee is required to maintain comprehensive insurance policies, and failure to comply with these requirements could expose them to significant financial risk in the event of damage or other liabilities. Overall, it is drafted in favour of the lessor.
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