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What are the most important details to be aware of in a lease agreement for business premises?

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Question

What are the most important details to be aware of in a lease agreement for business premises?

Answer

Key terms in a lease include:

  • Duration of the lease and any break clauses or flexibility in terminating the lease before its contractual end date.
  • Costs including monthly rent payments and any applicable service charges.
  • Responsibilities for maintenance, reparations, and any restrictions on making cosmetic changes.
  • The type of business operations allowed within the premises.

A lease agreement can be a considerably detailed document packed with legalese on page after page. If you're unsure of what certain sections mean or simply require peace of mind that you aren't signing anything of real concern, seek professional assistance from one of our commercial property experts.

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