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Download The Property Handbook - Presbyterian Church of ...

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PAGE ›› 27<br />

THE PROPERTY HANDBOOK<br />

Leasing property<br />

Leases are involved when a congregation:<br />

• needs to rent additional property for its use<br />

• decides to lease out a property, or part <strong>of</strong> it, for income.<br />

First step<br />

How will this lease fit the mission <strong>of</strong> the congregation?<br />

This is especially important for a lease <strong>of</strong> over one year.<br />

Before you enter into either kind <strong>of</strong> lease you must have approval from<br />

• <strong>Church</strong> council.<br />

• Congregation (if the lease is for more than one year).<br />

• Presbytery/UDC.<br />

• <strong>Church</strong> <strong>Property</strong> Trustees.<br />

Note: Renewals <strong>of</strong> leases require the same approvals as the original lease. Allow time<br />

for these to be obtained.<br />

Application forms are available from the Trustees’ Office. Email trustees@presbyterian.<br />

org.nz or call the Secretary on 04 381 8290.<br />

Legal points<br />

Any lease document must be in writing and prepared (or approved) by your parish solicitor.<br />

<strong>The</strong> lease must include:<br />

• <strong>The</strong> Trustees as lessee (if you are renting additional property) or lessor (if you are<br />

receiving money for renting out your existing property)<br />

• <strong>The</strong> legal description <strong>of</strong> the property<br />

• <strong>The</strong> time-length <strong>of</strong> the lease<br />

• <strong>The</strong> amount <strong>of</strong> the rental<br />

SECTION 05<br />

• Any renewal rights and obligations<br />

• A clause limiting liability <strong>of</strong> the <strong>Church</strong> <strong>Property</strong> Trustees to the property being<br />

leased. (See next page.)

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