As part of our Make Good Negotiation service we come across many
and varied commercial leases; some of which are very fair on both
the Owner and Tenant, others can be a Tenant’s nightmare.
Some things to consider when signing a new lease:
Look for a reference to the “original condition” of the premises.
If no such reference is made the Tenant may be required
to repair pre-existing damage or clean the property beyond
its initial standard of cleanliness.
Check to see if the lease allows for fair wear and tear.
No mention of fair wear and tear can result in the Tenant
having to repair all defects to the premises even if very
minor.
Removal of Tenant installations is a must at the end of a
lease unless the lease specifies otherwise.
When entering into a lease Tenants should be mindful they
will be required to remove all installations at the end of the
lease. If a Tenant feels their installations will improve the
property and do not wish to remove them at lease end, the
Tenant should make sure this is negotiated prior to lease
commencement and have a special condition in relation to
it written into the lease.
Kylie Charlton
The Condition Report Company
If interested in learning more about this update please contact me today!
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As Domain Property Advocates continues to grow I will continue to provide superior service to those choosing to use property as their investment. It is an important choice of who to choose as the one responsible to look after your property. You can be sure that Domain Property Advocates will always strive to be the best. |  |
