MCU10/2083 Development Application part 2 - Attachment 4 - Economic Impact and Need Assessment

10.

11.

12.

13.

14,

15,

16.

17.

Incentives:

Permissible Use:

Core Trading Hours:

Bank Guarantee:

Tenancy Handover Date:

Lease Commencement:

Rental Commencement:

Outgoings & Cleaning:

Public Liability Insurance:

Lease
Costs:

Document

& Legal

1) 4 weeks rent free (Fit-Out period) from handover
date.

2) 6 months rent free thereafter. TO be taken as
50% rent for the first year

24hr/7day Convenience Store. Lessor is responsible
for providing DA approval for our use.

Min trading hours 0500-2400 (7days)
Max trading hours: 24hrs (7days)

Bank guarantee or retail bond- equivalent to 3/12.0f
annual rent in favour of the landlord and have an
expiry date 3 months after the tenancy has been
vacated & made good.

Bank Guarantee is to be provided upon granting of
possession of the tenancy and will be acceptable
from the sub-lessee (NightOwl Franchisees).

TBC
TBC
TBC
N/A

The Lessee shall maintain a current Public Liability
Insurance policy of at least $20 million and provide
the Lessor with a Certificate of Currency as and when
requested.

All Lease documentation will be drafted by the
Lessor's solicitor. The Lessor and Lessee will each
be responsible for their own legal costs associated
with the preparation and execution of the lease
documentation.

The Lessee will be responsible for the costs
associated with the stamping and registration of the
lease documentation.

The Lessor is responsible for the survey costs
associated with the leased area.