A retail or commercial lease is often for a very long period of time – typically several years. This means that it is important for you, as a landlord, to consider not only the initial term of the lease, but also whether entering into a lease for a long term might have an impact on the future potential for the premises.
It can be difficult to consider how things might look in a few years’ time. A good lease will include solid boilerplate provisions to account for most changes in circumstances. However, some things simply must be prepared for in advance, and by doing so you can ensure that you do not accidentally stymie your own future plans.
We discuss some of the matter you should consider below.
If you are a landlord considering entering into a new lease with your tenants, send us your enquiry or call Elringtons Commercial Leasing team on 6206 1300 to discuss how we can help you plan your new lease