Commercial Leasing

Commercial Leasing

Commercial leases are important documents that are usually in place between a landlord and tenant.  There are many issues to consider including:

  • For landlords whether a lease should be registered on the personal properties security register to protect furniture, machines or fit out
  • Disputes over leases especially in regards to obligations over outgoings
  • Interpretation, bargaining and negotiation over typical terms and conditions such as:
    • the period of the lease
    • renewal options
    • rent and the rent review mechanisms, for example, CPI increases
    • maintenance and repairs obligations
    • fit out scope
    • landlord rights for entering the premises
    • the process for dealing with tenant breaches and dispute resolution clauses
    • the scope of the tenant’s obligation to “make good” the premises at the end of the lease term
    • indemnity and liability for damage to the premises
    • insurance required to be held
    • bank guarantees and security deposits.

 

NB Lawyers can assist landlords and tenants negotiate, bargain and prepare lease documentation that protects your rights and ensure you understand your legal obligations – preventing any future surprises.