Commercial properties are intended to be used as business spaces. No matter if it’s a mower shop, a tailor shop or a factory, all of them place special demands on the owner and the tenant. Commercial leases typically have special clauses stating what activities can go on, who is permitted on the site, safety and security concerns, privacy rights and landlord access rights, as well as other business-specific clauses. Even office space leases will typically have many such clauses and conditions.
WHAT NEEDS TO BE STATED IN THE LEASE?
There is a lot that needs to go into any lease for a commercial property. Since it will hold a business, Commercial Leases often last for many years at a time. They also need to explicitly state the terms of liability, renewal, assignment rights and other issues. Commercial leases are typically much longer than residential leases, and their individual clauses are designed to meet the needs of the businesses that plan to operate on the property.
The video below details some of the issues you might encounter with a typical commercial lease.
Business may be complicated. If you want to rent office space or store-front space, you need to be sure your lease gives you enough latitude so you can run your business your way. But also enough security to make sure you can’t be kicked out at will. If you are a landowner, you want to make sure you protect your property and not compromise its value by renting to a party that will cause you problems. Either way, knowing how to make a complete Commercial Property Lease is essential.
Commercial Property Lease Agreement for each Australian State Available from
ACT WA NT SA TAS NSW QLD VIC