A commercial lease is an agreement/contract between a landlord and tenant outlining terms and conditions of property rental.
A commercial lease is specifically for business and can include a variety of clauses, terms and conditions that need to be considered before signing.
Some can include:
The duration of the lease
Rent or rate increases
Outgoings such as rates, land tax, strata, management fees and water rates
Bonds
Repairs and maintenance
Re-entry Deeds
Insurance obligations and requirements
Market rent appraisal
Caveats on a title/property you are leasing
Dispute Resolutions
There are many more variables that need to be considered when entering a commercial lease. It is wise to seek legal advice and we at JLM Conveyancing can help.
