Government Rates and Government Rent
A tax levied by the Government on all occupiers of commercial and residential property. As a general rule, rates will be in the order of 5% of one year's rental, payable on a quarterly basis. Property owners are liable to pay Government rent under their land leases and this cost is sometimes passed on to tenants.

Stamp Duty
This tax will depend on the rent payable and length of lease term and is determined by a schedule of charges fixed by and payable to the Government. The following rates apply:

a) 0.25% of the rent where the lease term is less than one year.
b) 0.50% of the average annual rent where the term is between 1 and 3 years.
c) 1.00% of the average annual rent where the term is more than 3 years.

The cost is usually shared equally between the landlord and the tenant.

Legal Fees
Each side normally bears its own legal costs.

Insurance
The Tenancy Agreement will contain provisions for insurance liabilities. Tenants will normally be required to provide additional cover for contents and public liability.

Car Parking
Car parking tends to be in limited supply. Where spaces are available these will normally be allocated, for a separate charge, on the basis of a monthly licence agreement. The size of the office premises leased will have a bearing on the number of car parking spaces allocated.

Agency Fees
Unless otherwise agreed, Intercity Limited's agency fees, equating to between one (1) to one and a half (1.5) months' face rent, will normally be paid by the landlord for the successful introduction of a tenant.

Advance Rental Payment
Upon signing of a binding offer or tenancy agreement, a tenant is normally required to make an advance payment equivelant to one (1) month's rent, service charges and government rates.

Security Deposit
Tenants are required to lodge a cash security deposit up to three (3) months rent, inclusive of service charge and Government Rates. The deposit is refundable at the end of the lease term and is non-interest bearing for the tenant.