Commercial & Retail Lease Legal Review
Perth Property Lawyers
A commercial or retail lease is a significant legal and financial commitment for a tenant, and it is important to review the lease before signing. West Perth Legal offers comprehensive commercial and retail lease review services. Our leasing lawyers reviews your lease to analyse the terms & conditions of a lease agreement to ensure they are fair, reasonable, and protect the interests of the tenant. Whether you have a specific question on your lease, or if you require a comprehensive review before you sign the lease, we can tailor our services to suit your needs.
Quick Turnaround
Responsive Lawyers
Fixed Fees on Regular Leasing Documents & Advice
Experienced Property Lawyers
Commercial and Retail Lease Legal Review
For a commercial lease tenant, before signing a lease or investing in renovations, it's crucial to seek legal advice. Without it, you risk being bound by unfavourable terms or having to vacate after spending money on fit outs. A lawyer can identify potential issues, recommend changes, and help negotiate better lease conditions.
What is included in a comprehensive commercial lease legal review?
Here are some common commercial lease terms our leasing lawyers will review:
- Description of the Premises – we carefully review the description of the premises to ensure it adequately reflects the space being leased.
- Commencement Date and Lease Term – we will review that the dates align with your expectations, and any negotiated renewal or extension options.
- Rent – we will review the provisions related to rent, including the amount, frequency of payment, and any rent reviews over time.
- Security – if the lease requires you to provide a security deposit or other form of security, our lawyers will review the terms governing its use, return, and potential deductions and consider if they are reasonable.
- Outgoings – we will examine the lease to determine your obligations regarding outgoings, such as insurance, utilities, and maintenance costs – and we will advise you if these obligations are clearly defined and reasonably allocated between the landlord and the tenant.
- Repairs and Maintenance – we will review the provisions related to repairs and maintenance to ascertain the responsibilities of both sides and consider if the obligations are reasonable and clearly stated, including any provisions for reimbursement or indemnification.
- Termination – we will examine the termination provisions, including the rights and obligations of both parties in the event of early termination or non-renewal of the lease – our lawyers will consider if the termination terms are reasonable.
By reviewing and addressing the important details in a lease, a tenant will gain a better understanding of the lease and how it may affect the business cash flow or operations for the duration of the lease. This provides tenants with greater confidence as they sign up to a new lease.
How long does commercial lease review take?
We understand that tenants are often under tight timeframes, and we endeavour to provide quick turnaround for lease reviews and work within your timeframe. Alternatively, if you have a specific question on a lease, we can provide targeted legal advice on your question. Contact us for a quote.
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