Entering a Retail or Commercial Lease

If you are starting a new business, or simply wish to move premises, you might be wondering how you can get the best deal on your new business space.

Being mindful of rental prices, size, area, convenience to your customers or clients, and exposure, there are a myriad of considerations prior to entering into negotiations.

But it does not stop there. The terms of your lease will have a lasting impact on how you run your business and its profitability in the future. Leases are binding on both parties for their duration and you should carefully consider how you wish to tie yourself to the property. The standard considerations such as the term of the lease and rental will spring to mind, but have you considered how rent will be increased and any options for renewal of the lease. There are also considerations such as your fitout, permitted use, and the maintenance of the premises. You must know your obligations and also your rights as a tenant.

As a business owner you want to maximise the value and minimise the risk of your lease of your premises. You will also be a valuable commodity to the landlord and you should know how to negotiate in such a manner.

So how do you find the best premises and enter into it on the best terms?

Come to see our Joshua Hay or Scott Bryant at Bale Boshev Lawyers before you negotiate your lease.

We will maximise your leasing efficiency and profit margin.

As always if you would like to schedule a no-cost consultation with our Newcastle lawyers please contact us on our toll free number 1800 627 488 or email us at enquiries@baleboshev.com.au

Talk to one of our lawyers today, and let us fight for you.