When it comes to signing a Sydney commercial lease, you must be fully aware of any risky terms before the pen touches the paper.
At Niche Advisory, we’ve seen it all. We’ve also helped countless businesses avoid unnecessary risk by fully understanding the terms of their lease.
Therefore, we’ve provided a little more information on some common risk factors to look out for when signing your Sydney commercial lease.
Unfair Lease Terms
When you’re nutting out the terms of your Sydney commercial lease, you simply must put in the work to ensure you get the best deal possible.
Terms and conditions may include:
- The duration of the lease.
- Rent amounts and rental reviews.
- Permitted use of the premises.
- Costs.
- Repairs and maintenance.
- Compensation for lease disruption.
- Sub-leasing terms.
- Termination.
It’s essential that you understand all of the terms in your commercial lease. Moreover, you must be clear on the implications of each term on your business and your new premises.
To best ensure you are getting the best deal possible, work with a professional Sydney tenant advisor like Niche Advisory.
We’ll negotiate for you, to make sure your business is getting the best deal possible.
Exploitative Makegood Terms
When it comes to making good on your premises at the end of your Sydney commercial lease, you must have fair terms established.
Unfortunately, many landlords see the makegood process as a quick way to exploit their tenants and make a little more money.
This is because the terms of a makegood clause are often grey, to say the least.
Therefore, at Niche Advisory, we help many businesses navigate these murky waters. We negotiate with the landlord to make sure there are clear expectations when it comes to making good and returning your premises to its original condition.
That saves you money, as well as plenty of stress.
Incorrect Advice
Wherever, or whomever it comes from, incorrect advice on your Sydney commercial lease can end up costing your business enormously.
That’s why at Niche Advisory, we’re extremely passionate about providing quality advice. This ensures that tenants are getting the best deal possible.
Our experience and market knowledge means we’re poised to give you the very best expert advice on your Sydney commercial lease.
Insufficient/Excess Space
One of the biggest mistakes that businesses make when selecting a new Sydney office is failing to accurately estimate their space needs.
If you end up with too much space, you’ll be paying through the nose for office metres that you aren’t even using.
On the other hand, staff who are crammed into an office space that is too small will be stressed, unhappy and unproductive.
Because this is such a common dilemma, at Niche Advisory we provide a free office space calculator.
To discuss your Sydney commercial lease, get in touch with Niche Advisory here. We’re ready to help.
