A client, Mick Burrows, emails you looking to lease $45/6$ Forward Ave, Springfield, which is a commercial property with a floor area of $109$sqm$.$ It has been listed as $$60,000$ PA Net $+$ GST $+$ Outgoings. They would like to run a training facility and would like to know if there's parking availability for their students.

The following information provides additional information about the property:

Situated in the busy $7/11$ Springfield Service Centre

High profile location with Exceptional signage opportunity

Join Major Global tenants, $7/11$ and KFC

Positioned between National tenant's Subway and Tobacco station

Complex adjoining McDonalds Springfield

Access via Springfield Parkway and Nev Smith Drive

Walking distance to Springfield Fair Shopping Centre

Close proximity to schools

Directly opposite local sporting fields and skate park

Ample on$-$site customer parking

Male$/$Female amenities with disability access

Leasing incentives on offer by negotiation

The landlord is open to contributing to fit out costs provided that the lease is a minimum of three $(3)$ years.

Rent reviews to be conducted yearly. Bond payment of $3$ months of total payable amount.

CPPREP$4204-$ Commercial Lease Agreement

Task

$1.$ Write an email responding to the email enquiry using the information from the case study. In your email, discuss the features of the property and explain how it would be suited the nature of their business.

$2.$ The client emails back asking if the landlord would agree to cover some of the fit$-$out costs. Using the information provided to you in the case study, respond to the client in an email detailing what is required to receive fit$-$out incentives.

$3.$ Write an email to the client to assess if they would like to proceed with the lease. Student responses must be in an email format. The email must demonstrate clear written communication skills. Student responses must be similar to the following benchmark:

$4.$ The client responds back and advises you to go ahead with the lease and they would like to go for $4$ year term, on the condition that the landlord contributes $50,000$ dollars in fit out incentives. Prepare a lease agreement using the Commercial Lease Agreement using the following details:

$4$ year term.

$60,000$ PA NET $+$ GST

Lessee to pay waste and water costs

Mick Burrows of Training Totality Ltd ACN $00000000000$

Fit out incentive of $50,000$ dollars

Landlord: Landlord Supers Pty Ltd CAN $04000044000$

Attach the lease agreement to this task along with a copy of the email to the client explaining:

$5.$ Prepare an email explaining you have attached a copy of the prepared lease agreement and confirm the required bonds, rent reviews and financial obligations with the client. Use the information from the case study to complete this task.

$6.$ The client emails back and requests that the $50,000-$dollar fit out incentive is provided as a cash payment. Revise the lease agreement with the client's and attach a copy of the revised agreement.

$7.$ Prepare an email explaining you have attached a copy of the revised lease agreement and confirm with the client that they are happy to sign the lease.