There are a number of matters to be considered if a business decides to lease its business premises. This paper analyses the items which should be considered, which include:-
- Location
- Term of Lease
- Option Period
- Option Exercise Date
- Rent
- Rent Payment Dates
- Rent Increases
- Shopping Centre Contributions
- Other Promotional Levies
- Permitted Uses
- Trading Hours
- Air Conditioning
- Electricity
- Other Services
- Painting
- Refit
- Plant within Premises
- Repairs and Maintenance
- Car Parking
- Rates (Local Government)
- Water Rates and Charges
- Land Tax
- Security Services
- Insurance
- Super Rent
- Other Tenants
- Agents
- Leased Premises Register