Understand Before You Sign.
Commercial leases are legally binding agreements between landlords and tenants, defining the rights and obligations of each during the relationship. Commercial leases cover all types of businesses, from offices to warehouses. Even so-called “standard” commercial leases are complex documents, full of formal legal terms. Before you sign anything, and irrespective of whether you are the landlord or tenant, it is critical that you understand what you are agreeing to.
Commercial leases are not just about occupying a building space – they also determine what changes you may (or may not) make to the property. This may include signage, fit-out and parking. All of these issues are determined by your commercial lease – which may also be the biggest financial commitment in your life. Negotiating the best terms possible takes an understanding of the lease itself, the legal system and the local market. Rose Lawyers are experts in all three.
Rose Lawyers will ensure that you get the best possible price and terms for your new commercial lease. We can also help with transferring commercial leases because when you sell a business, your lease does not automatically transfer to the new owner. You will be liable for the rent and other obligations until the lease is formally transferred to the new tenant – if transferring the lease is allowed.
Rose Lawyers will explain the process, identify and minimise risks, to give you the best chance at success. It’s that simple.