Commercial Leases
Commercial leases can be complex for both landlords and tenants to navigate.
For tenants, the content of a commercial lease can make or break a business. Lloyd & Lloyd Solicitors can help tenants understand the details of their lease and negotiate terms that suit their long-term business plan.
For landlords, our experienced team of property law solicitors can help them exact the most value from their asset.
Seek our advice on:
- Office, retail and industrial leases
- Leasing disputes
- Fit-out and incentive agreements.
The average lease is 30-70 pages long and is likely to contain terms tenants and landlords are unfamiliar with unless they have significant experience in commercial property transactions. We help tenants and landlords consider all the pertinent issues to ensure a lease reflects their business interests.
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Things to consider before signing a commercial lease
Terms.
Ensure the length of the lease matches short-term goals and longer-term plans for the business.
Rent review.
This can be done by CPI, a fixed increase or market review. A tenant must ensure they understand and agree with the method in their lease. They need to ensure their business revenue growth is sufficient to support the proposed increases.
Security bond and guarantees.
Naturally the landlord wishes to protect themselves against default and tenants are usually expected to provide some security (often in the order of 3-6 month’s rent) as a bond or bank guarantee. Personal guarantees may also be requested from directors of companies. It’s essential for tenants to fully understand what they have on the line.
Incentives.
This includes things like fit-out, rent-free periods and rental discounts. It is important that tenants fully understand the scope of their incentives and the implications for their business in areas such as tax and depreciation.
If you are negotiating a commercial lease, in dispute with a landlord or tenant, or seeking advice on commercial property arrangements, turn to us. Call 02 8014 5225 or send us an email.
If wish to contact us please call on (+61) 2 8014 5225 or if you wish to email us, please fill in your details below and we will reply.
Lloyd & Lloyd Solicitors
3/89 York Street
Sydney NSW 2000
| Phone: | 02 8014 5225 |
| Fax: | 02 9279 3792 |
Patrick See – Principal Solicitor
| Phone: | 02 8014 5225 |
| Mobile: | 0405 004 037 |
| Fax: | 02 9279 3792 |
| Email: | psee@lloyd-lloyd.com |
Alan McMurran – Principal AM Legal Solutions
PO Box 1542 Warriewood NSW 2102
| Business Phone: | 0416 095 121 |
| Personal Mobile: | 0403 061 603 |
| Fax: | 02 9279 3792 |
| Email: | amcmurran@lloyd-lloyd.com |