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Co Tenant Lease Agreement
"I need a Co-Tenant Lease Agreement for a 4-bedroom property in Wellington that will be shared by five university students, starting from February 1, 2025, with specific clauses about shared utility bills and cleaning responsibilities."
1. Parties: Identifies all parties to the agreement including the landlord and all co-tenants
2. Background: Sets out the context of the agreement, including property details and the intention to create a co-tenancy
3. Definitions: Defines key terms used throughout the agreement
4. Term of Tenancy: Specifies the duration of the tenancy, including start date and whether fixed-term or periodic
5. Rent and Bond: Details the total rent, payment method, due dates, and bond amount
6. Co-Tenants' Joint and Several Liability: Establishes that co-tenants are jointly and severally liable for rent and obligations under the agreement
7. Utilities and Outgoings: Specifies responsibility for utility payments and other ongoing costs
8. Property Care and Maintenance: Outlines tenants' responsibilities for property care and maintenance
9. Landlord's Obligations: Lists all obligations of the landlord under the agreement and relevant legislation
10. House Rules and Quiet Enjoyment: Sets out basic rules for living in the property and ensures quiet enjoyment rights
11. Repairs and Alterations: Procedures for requesting repairs and restrictions on alterations to the property
12. Insurance: Details insurance requirements and responsibilities
13. Access and Inspections: Specifies conditions under which the landlord may access the property
14. Termination: Outlines processes and conditions for ending the tenancy
15. Dispute Resolution: Procedures for resolving disputes between parties
1. Pets: Required if pets are allowed, specifying conditions and responsibilities
2. Smoking Policy: Include if specific smoking restrictions apply to the property
3. Subletting and Assignment: Include if subletting or assignment rights are granted to tenants
4. Parking: Required if property includes parking spaces or has specific parking arrangements
5. Common Areas: Include for properties with shared facilities or common areas
6. Body Corporate Rules: Required if property is part of a unit title development
7. Rent Review: Include for longer fixed-term tenancies where rent reviews are anticipated
8. Special Conditions: Include when there are property-specific conditions not covered in standard sections
1. Schedule 1: Property Inventory: Detailed list of furniture, fixtures, and fittings provided with the property
2. Schedule 2: Property Condition Report: Detailed description of property condition at the start of tenancy
3. Schedule 3: Rent Payment Schedule: Breakdown of rent payments and payment dates
4. Schedule 4: Utility Division Agreement: Details how utility bills will be divided between co-tenants
5. Appendix A: House Rules: Detailed house rules and protocols for shared living
6. Appendix B: Maintenance Schedule: Regular maintenance tasks and responsibilities
7. Appendix C: Contact Information: Contact details for all parties, including emergency contacts
8. Appendix D: Body Corporate Rules: If applicable, copy of body corporate rules
Authors
Residential Real Estate
Property Management
Student Housing
Shared Accommodation
Legal Services
Real Estate Services
Property Investment
Housing Services
Legal
Property Management
Residential Leasing
Operations
Compliance
Contract Administration
Customer Relations
Document Control
Housing Services
Risk Management
Property Manager
Real Estate Agent
Legal Counsel
Housing Officer
Tenancy Administrator
Compliance Officer
Leasing Manager
Residential Portfolio Manager
Student Housing Coordinator
Property Operations Manager
Tenancy Relations Officer
Contract Administrator
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