Sydney Commercial Leases: Challenges Your Business May Face in the Current Climate, and How to Best Deal With Them

GettyImages-102895484-5701beff3df78c7d9e6558a7

The current climate with COVID-19 means businesses across Sydney are facing a number of problems, when it comes to their Sydney commercial lease.

At Niche Tenant Advisory, we have an intimate understanding of the commercial property market in Sydney.

Therefore, we understand exactly the problems that your business will be facing in these times, and how to best deal with them.

Re-Assessing Your Office Space Needs

Our office space calculator is ideal for exactly this.

Since the pandemic began, a huge percentage of office workers have been working remotely from home.

While it’s uncertain how businesses will operate once the restrictions have eased, experts are tipping that remote working will be more popular than ever.

Therefore, it’s probable that the office space needs of your company will change. To avoid having too much space and paying a premium for it, utilise our office space calculator.

This will ensure that your business is primed to make the most of its Sydney commercial lease, and not leasing too much or too little space.

Re-Negotiating Your Commercial Lease

If your business is in dire straits financially, or simply decides that your office space requirements have changed, you’ll need to re-negotiate your commercial lease.

Therefore, it’s essential to re-negotiate your Sydney commercial lease to ensure your business is in the best position possible.

This means both financially, as well as in terms of comfort for employees and functionality for your company.

Re-negotiating a commercial lease can be a headache and requires expertise and finesse.

Therefore, hiring a professional Tenant Advisory like Niche Tenant Advisory is an important step in being as vigilant as possible during your re-negotiation process.

Finding a New Space

Perhaps the COVID-19 situation has hit your business so hard that you’ve had to surrender your lease and hunt for a new Sydney office space.

This can be a grueling process, full of in-depth research and dead ends.

The Sydney commercial property market can be tough, so it’s essential you do what you can to make the process easier.

The best way to make this process smoother and to get the best possible Sydney commercial office space for your business is to hire Niche Tenant Advisory.

Our expertise and market knowledge makes us the best option to aid you in finding your perfect Sydney office space.

Surrender Your Current Lease

Surrendering your commercial lease should be a last resort, only where absolutely necessary. This is due to the potential financial impact that the process can have on your company.

However, at the current time, it may be a necessity for your business when the restrictions lift. Whether that’s because your workforce has shrunken or you’ll have more staff working remotely, surrender must happen quickly and amicably.

If the negotiations are not handled by a Tenant Advisor, your business could end up paying far more than necessary to surrender your lease.

Again, a qualified and experienced Sydney Tenant Advisor will make life easier.

Making Good at the End of Your Lease

If you decide to end your Sydney commercial lease, you must fulfil the ‘makegood’ clause that appears in your agreement.

This means returning the office space to exactly the same condition it was in when your company first moved into the premises.

It can be a grueling, costly process, fraught with danger. However, as a professional office makegoods company, we can help you with this.

At Niche, we have plenty of experience in getting the best outcome for Sydney office-based businesses. Moreover, we guarantee your bond back at the end of the process.

To discuss your Sydney commercial lease and overcoming your issues during the COVID-19 pandemic, get in touch with Niche Tenant Advisory here.

Share this post:

Other
articles

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

chris-montgomery-smgTvepind4-unsplash
IMG_8777
Secured By miniOrange