Leasing Information

Net Rentals

This means that outgoings are payable in addition to the rental shown. Outgoings are the costs associated with that premises, such as Strata Levies, Council Rates, Water Rates, Management Fees, Insurances and Land Tax

Gross Rentals

Gross rentals are often higher than net rentals as outgoings are generally factored into the gross rental amount

GST

GST is usually payable in addition to rentals and outgoings quoted, depending on wether the owner is registered for GST.

Rental Bond and Guarantors

Bonds generally range between 3months and 6months gross rental depending on the term of the lease and the strenght of the tenancy.

If the lessee is a company then usually Directors Guarantees will be required.

Other Costs

~ Electricity and telephone costs are payable by the Lessee in addition to outgoings. They are considered to be utilities

~ Lease preparation costs are generally payable by the Lessee

~ Air conditioning maintenance - it is usually a requirement of hte lease agreement that the air conditioning is maintained and serviced by the Lessee on a quarterly basis

Other standard conditions

Under the lease the Tenant/Lessee is responsible for any repairs and maintenance required

Upon vacating the premises the Tenant/Lessee is required to professionally repaint the premises and thoroughly clean the unit and repair and damage and may be required to remove any fit out that you have installed.

The leasing process

Step One - Submit an offer to the Landlord/Lessor - please use our lease offer form

Step Two - Once this has been accepted a non-refundable holding deposit is payable. This amount varies from $2000 to a months rental.

Step Three - Leases will be issued directly to you or your Solicitor for perusal and execution

Step Four - Return the signed leases in duplicate, together with the bond, first months rental and the cost of the lease preparation (less the deposit you have already paid).

Step Five - once the funds are cleared, the keys to the property will be provided on the start date

DISCLAIMER: This information has been provided by CastleCorp Real Estate as a general guide only to help potential purchasers/Lessee's  in occupying a commercial premises. Any potential purchasers/lessee's should rely on their own searches, investigations and enquiries. 

Click here to download a lease offer form