Why do I need a Deed of Renewal of Lease?
To exercise a right of renewal under a lease, a tenant needs to comply with the process in its lease, which typically requires notice by the tenant within a specific time (often three months) before the renewal or end date, and then a formal Deed of Renewal of Lease to be signed.
If you’re a business owner tenant exercising its right of renewal under a lease and your landlord has told you to sort the paperwork (or that you have to pay their lawyer’s fees to sort it), or you’re a landlord whose tenant has given notice to renew the lease, a Deed of Renewal of Lease is essential.
Save time, money and stress using an On Your Terms Deed of Renewal of Lease to get your specific arrangement clearly documented and enforceable in New Zealand.
Who’s this Deed of Renewal of Lease for?
Any business owner tenant or landlord documenting a renewal of their lease.
What’s in this Deed of Renewal of Lease?
NZ lawyers have designed this Deed of Renewal of Lease for NZ businesses. It is simple, short, easy to understand, without unnecessary legalese and fair to both sides.
In the document, the landlord agrees to a further lease term. The rent payable and the tenant’s remaining rights of renewal are clearly stated. There is an option to include any agreed variations to the lease. When renewing a lease, sometimes a landlord and tenant use the opportunity to renegotiate specific terms of the lease, depending on current market conditions.
How long will it take to create my document?
Approximately 5-10 minutes – quicker than making your next coffee! During the Q&A you can save your progress to come back later, or repeat the Q&A to change an answer or produce a new version of a document.
What information do I need to complete the Q&A?
- The name and contact details of the tenant, landlord and any guarantor(s)
- Details of the premises and the lease
- The renewal date, renewal term, remaining rights of renewal, final expiry date and rent payable during the renewal term
- Any agreed variations to the lease (this is optional)
What if I need help?
We’d love to help. Just contact us at hello@onyourterms.co.nz and we can either help over email or jump on a call.
Your document will be downloadable in MS Word, so you can make changes if you like (and add branding). Also, our legal partner, Luminate Legal, can provide legal advice for a fixed price if you’d like it.
What do I do once my Deed of Renewal of Lease is created?
The Deed of Renewal of Lease is ready to sign as soon as you have downloaded it. All parties must sign it to ensure it’s legally enforceable. If you need help with how to sign the Deed of Renewal of Lease, read our helpful blog: Who can sign legal documents in New Zealand?
Other helpful information:
- Read our helpful blogs including: Commercial lease agreements in New Zealand, Sublease or Property Licence?, Help: How can I get out of my business lease early?
- You may find these bundles or documents useful for your business: Agreement to Lease, Property Licence, Commercial Sublease Agreement, Deed of Surrender of Lease, Deed of Variation of Lease
- Check out our FAQs
If you’re not satisfied with your purchase of this product for any reason, let us know why within 10 days of your purchase and we’ll work with you to make sure you’re happy, including giving you a full refund if necessary.
Disclaimer: On Your Terms was created to provide fast, easy and affordable access to legal information and documentation. We are not a law firm and do not provide legal advice. The information and documents we provide are of a general nature, designed for common situations, and may not be suitable for your needs or circumstances. If you need legal advice, we have a network of specialist law firm partners able to help you here.