Create Signing Order For Legal New Jersey Leases Forms For Free

Examples of 'make good' provisions include: If a tenant rents the premises as a shell, their 'make good' obligation could involve stripping all fixtures and fittings, removing staircases, and returning the premises to the landlord as a shell (sometimes also referred to as decommissioning obligations)

Typically, the GGC contains conditions that must be met in order for the clause to apply. For example, turning over keys by a certain date, broom clean, and all rent/additional rent or charges paid up to the date of vacating.

Rental Period means the time between Rent due dates. For example if the Tenancy is weekly and Rent is due on a Wednesday, the Rental Period will be from Wednesday to Tuesday. If the Tenancy is monthly and Rent is due on the 10th of each month, the Rental Period will be from the 10th to the 9th of the following month.

For example, the original tenant might have put holes in the wall to make a new passageway or undertaken other major work on the property. At the end of the lease, the new tenant must fix those issues and return the property to the condition that it was in at the start of the lease.

'Make good' refers to the clause/s in a lease that set out how a tenant should leave a property at the end of the lease term. Basically, when the day comes to hand back the keys to the landlord, the property should be in the condition that is stipulated in the lease.

The 'make good' clause commonly covers items such as: the removal and repair of partitions, fixtures or fittings such as shelves, joinery, and installations. the removal of racking and floor bolts. the removal of plant and equipment. powerpoints and lighting. floor and ceiling finishes/coverings. computer room/data centre.