COVID-19, lockdown and your commercial lease - What's the go?
As of midnight, on Wednesday 25th March, an unprecedented number of NZ businesses were not able to access their business premises due to Government restrictions to prevent the spread of Covid-19. If your lease is on the current (sixth) edition of the Auckland District Law Society (ADLS) form of lease, it is likely to contain a “no access” clause allowing for a reduction in rent where there is an emergency and the tenant can’t gain access to the premises to fully conduct the
Commercial Leases – what you need to know…
Are you leasing the premises from which you run your business? The Landlord may require you to enter into a commercial lease recording the terms on which the premises are leased. Typically the following details are included in a commercial lease: The name of the landlord and the tenant. The name of the guarantor. The landlord may require you to personally guarantee the lease. A description of the premises to be leased. Whether car parks are included in the lease. The ter