Category Assessments Categories Rent Outgoings/Utilities Maintenance Rent Reviews Legal Fees Term (including amendments requested by the Tenant) Group One Commercial Rate All paid by the Tenant, All maintenance Market Rent 100% Tenant No longer than 20 years determined by including Rates, taxes and requirements paid by Review and subject to the Tenant Council’s Valuer levies the Tenant and Council’s at end of each requirements. Term or 5 years, whichever ever is The lease Term may shorter plus include several options. annual fixed 2-4% increases Group Two Up to 70% discount of All paid by the Tenant, All maintenance Annual fixed 100% Tenant No longer than 20 years Commercial Rate including Rates, taxes and requirements paid by and subject to the Tenant 2-4% determined by levies the Tenant and Council’s Council’s Valuer. requirements. The lease Term may include several options. Group Three $100 - $500 per annum All paid by the Tenant, All maintenance Annual CPI 50% but not more No longer than 20 years including taxes and requirements paid by increase than $1,000 Tenant and subject to the Tenant levies Tenant and/or Council and Council’s (amendments requirements. requested by Tenant pay 100% ) 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. *Term of Licences will not be granted for more than 5 years.
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 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 2-4% 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 70% discount of Commercial Rate determined by Council’s Valuer. All paid by the Tenant, including Rates, taxes and levies All maintenance requirements paid by the Tenant Annual fixed 2-4% 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 $100 - $500 per annum All paid by the Tenant, including taxes and levies All maintenance requirements paid by Tenant and/or Council Annual CPI increase 50% but not more than $1,000 Tenant (amendments requested by Tenant 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. *Term of Licences will not be granted for more than 5 years.
cp2014-08-01_lease_and_licensing_policy.docx