capacity to pay Tenant’s Future use of the Council Property Impact on the Council Property; and Suitability of the Council Property for the proposed use: Planning requirements Building requirements Other statutory requirements Category Assessments Categories Rent Outgoings/Utilities Maintenance Rent Legal Fees Term Reviews (including amendments requested by the Tenant) Group One Commercial All paid by the All Market Rent 100% Tenant No longer than 20 Rate Tenant, including maintenance Review at years and subject determined by Rates, taxes and requirements end of each to the Tenant and levies paid by the Term or 5 Council’s Council’s Valuer + GST Tenant years, requirements. whichever The lease Term ever is may include shorter plus several options. annual fixed 3-5% increases Group Two Up to 80% All paid by the All Market Rent 100% Tenant No longer than 20 discount of Tenant, including maintenance Review at years and subject Commercial Rates, taxes and requirements end of each to the Tenant and Rate levies paid by the Term or 5 Council’s determined by Tenant years, requirements. whichever is Council’s The lease Term Valuer +GST shorter plus may include annual fixed several options. 3-5% increases Group $500 - $1000 All paid by the All No increase 50% but not No longer than 20 Three per annum + Tenant, including maintenance more than years and subject GST Rates, taxes and requirements $1,000 to the Tenant and levies paid by Tenant Council’s Tenant and/or (amendments requirements. shared with requested by The lease Term Council Tenant, the may include Tenant will several options. pay 100%) Shared space rent and outgoings will be assessed based on a percentage of space occupied and hours/type of use.
Tenant’s capacity to pay Future use of the Council Property Impact on the Council Property; and Suitability of the Council Property for the proposed use: Planning requirements Building requirements Other statutory requirements Category Assessments Categories Rent Outgoings/Utilities Maintenance Rent Reviews Legal Fees (including amendments requested by the Tenant) Term Group One Commercial Rate determined by Council’s Valuer + GST All paid by the Tenant, including Rates, taxes and levies All maintenance requirements paid by the Tenant Market Rent Review at end of each Term or 5 years, whichever ever is shorter plus annual fixed 3-5% increases 100% Tenant No longer than 20 years and subject to the Tenant and Council’s requirements. The lease Term may include several options. Group Two Up to 80% discount of Commercial Rate determined by Council’s Valuer +GST All paid by the Tenant, including Rates, taxes and levies All maintenance requirements paid by the Tenant Market Rent Review at end of each Term or 5 years, whichever is shorter plus annual fixed 3-5% increases 100% Tenant No longer than 20 years and subject to the Tenant and Council’s requirements. The lease Term may include several options. Group Three $500 - $1000 per annum + GST All paid by the Tenant, including Rates, taxes and levies All maintenance requirements paid by Tenant and/or shared with Council No increase 50% but not more than $1,000 Tenant (amendments requested by Tenant, the Tenant will pay 100%) No longer than 20 years and subject to the Tenant and Council’s requirements. The lease Term may include several options. Shared space rent and outgoings will be assessed based on a percentage of space occupied and hours/type of use.
pol177_-_lease_and_licence_policy.docx