Signing a commercial lease is a big commitment,
which is why it’s essential to be as informed as possible. In this
quick guide, lawyer and solicitor Glenn Duker shares three important considerations to keep in mind before signing a commercial lease.
Be aware of all costs
Before signing a lease, it’s absolutely crucial to
ensure you’re aware of all the costs involved. These can include
security bonds, legal costs, insurance costs, refurbishment costs, and
repairs and maintenance.
Understand your rights
Commercial leases can grant tenants certain
rights, such as allowing them to put up signage, use common areas, and
erect retail shelving. Before signing a lease, ensure that you’re
entitled to the rights you want or need. If these aren’t included, you
may be able to negotiate these into the lease.
Assignment of lease
An assignment of lease clause allows a tenant to
transfer the lease in the event their business is sold or goes out of
business. This clause is especially essential for small businesses that
may be unsure what the future may bring. Before signing a commercial
lease, it’s recommended to check if this clause is included.
If you need expert advice or legal help in the
area of commercial leasing, experienced lease lawyer Glenn Duker can
help. Contact our firm today to learn how we can assist you.
Visit today:- http://www.glennduker.net.au/
No comments:
Post a Comment