Leasing

Leases are important documents that govern the relationship between the landlord and tenant. The lease document will outline the rights and duties of each party to the contract such as:

• How much rent will be and how often it will be paid
• How often rent will be increased and using which method
• Termination clauses
• Breaches of contract and correlating penalties
• Maintenance, repair and upkeep of the premises

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A retail lease is a type of commercial lease but there are significant differences between the two. Each type of lease carries with it different obligations and rights that are important for the tenant and landlord to be aware of. Each type of lease also applies to different types of premises. They are governed by different laws and parties under each lease have differing powers. Both types of leases can be registered as an interest on the landlord’s title.

Determining which type of lease will apply to your business or property is contingent on a number of factors including but not limited to:

• Location of the premises
• The primary use of the premises
• The size of the premises
• The length of the lease

At 360 Legal, whether you are a landlord or tenant, we will manage the negotiation, drafting and review of the lease with the aim of protecting your best interests. Our team of experienced solicitors are commercially minded and will bring a wealth of business knowledge into the transaction.

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