REIQ COMMERCIAL TENANCY AGREEMENT Queensland Australia

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REIQ COMMERCIAL TENANCY AGREEMENT

(F I R S T E D I T I O N) revised © Copyright The Real Estate Institute of Queensland Member Office

PARTIES Landlord:	____________ ____________
Tenant:	____________ ____________
Date:	____________

THIS AGREEMENTCOMPRISES THE REFERENCE SCHEDULE AND COMMERCIAL TENANCY AGREEMENT CONDITIONS. INSTRUCTIONS TO COMPLETE Commercial Tenancy Agreement DO NOT USE THIS DOCUMENT

*	FOR RESIDENTIAL TENANCIES.
*	FOR PREMISES COVERED BY THE RETAIL SHOP LEASES ACT.
*	WHERE THE INITIAL TERM EXCEEDS 3 YEARS.
*	WHERE REGISTRATION UNDER THE LAND TITLE ACT IS REQUIRED.

• If including an option to renew, the Tenant should be advised to seek legal advice about having the tenancy registered to protect its rights under the option.

• Where the initial term plus options exceeds 10 years and the premises form part of the Landlords title, the tenancy may require approval as a subdivision and legal advice should be sought.

• Unless amended, this agreement provides for rent to be reviewed based on increases in the Consumer Price Index. It is not suitable for use where rent is to be reviewed to market or otherwise.

• The only outgoings recoverable in this agreement are local government rates, fire services levies, insurance, cleaning and garden maintenance. Unless amended, this agreement is not suitable for use where additional outgoings are to be paid by the Tenant.

•The Agreement must be submitted to the Office of State Revenue for stamping within 30 days of signing.

Reference Schedule

Ensure that all items are completed.
Item 1: Full name/s of the owner/s of the property and their address. If the Landlord is a company, include ABN. DO NOT use a business name.

Item 2: Full name/s of the tenant. If the Tenant is a company, include its ABN. DO NOT use a business name.

Item 3: The Premises must be clearly identified e.g. “Suite 3, 45 John Street, Spring Hill” etc. If not able to be identified by name, a sketch plan must be attached to the Agreement and the address must be included at Item 3.

Item 5: Insert the period of the further tenancy, e.g. “6 months” or “1 year” or “not applicable”. Item 7: Insert the date on which the rent is to be adjusted by the CPI or “Not applicable”. Item 8: The permitted Use should be stated clearly and concisely.

Item 9: Insert the percentage of outgoings the Tenant is to pay, e.g. “25%” or “100%” or “Not applicable”.

made (date) ____________

The person named in Item I of the Reference Schedule (“Landlord”)

REFERENCE SCHEDULE
Item 1	Landlord	____________ ____________
Address	____________ ____________
____________ ____________
Phone: ____________ Fax: ____________
ABNNo:
Email Address:
Item 2	Tenant	____________ ____________
Address	____________ ____________
____________ ____________
Phone:	____________ Fax: ____________
ABN No:	____________
Email Address:	____________
Item 3	Premises	____________ ____________
____________ ____________
(annex a plan if available)
Item 4	Term	(1) periodic monthly tenancy; or
(2) 12 months commencing on ____________
and ending on ____________
Item 5	Option for Further Term	12 months
Item 6	Rent	$ ____________ Plus GST per month
Item 7	Annual Rent
Review Dates	See Special Conditions
Item 8	Permitted Use	____________ ____________
Item 9	Percentage of Outgoings	100% payable by Tenant- See Special Conditions

Item 10	Deposit	$ ____________ + G.S.T. (being 1st month’s rental)
Item 11	Landlord’s Agent	____________ ____________
Address	____________ ____________
Phone:	____________ Fax: ____________
ABN No:	____________
Email Address:	____________

SPECIAL CONDITIONS

1. Tenant to have access to premises from ____________ to conduct electrical fit out (which will remain property of Landlord) and for setup of operations. All electrical works are to be undertaken in a proper and tradesmanlike manner.

2. Tenant will receive first 3 weeks rent free. 3. Tenant will give 4 months notice of intention to exercise option.

4. Tenant will pay any increases in insurance premiums if there are any as a result of their operations.

5. Item 9-Percentage of Outgoings.

In addition to Clause 4.2, Outgoings shall include the following (included are the budget Outgoings):

Body Corporate charges ($1,500 pa);
Repairs and Maintenance ($3,000 pa);
Pest Control ($400 pa);
Property Management fees ($4, 000 pa);
BCC Rates ($6, 000 pa);
Water Rates ($1,000 pa);
Insurance ($3,000 pa);
Air conditioning ($2,000 pa).

All Outgoings are reconciled against actual charges at the end of each financial year. 6. Tenant will ensure common driveway is not blocked or restricted at any time. 7. Item 7-Annual Rent Review Dates

Market review at option. ($80/m2 + Outgoings + G. S. T. + CPI or market rental, whichever is the greater).