A Commercial Lease Agreement is a contract between a landlord and a business that is renting the landlord’s commercial property.

Commercial properties can be office spaces, warehouses, storage spaces – basically anything that is not residential! As this Agreement will cover the key terms of your lease and how your business can conduct business on the premises, it’s important that you carefully negotiate these terms with your landlord so that they are in line with your business’ requirements.

There are various things to consider before you sign a lease which is why a lawyer comes in handy to closely assess your business’ specific needs.

Here are a few things to consider:
1. Go and see the property
2. Do some research about the market rent
3. Read the lease
4. Assess whether you need a long term or short term lease
Read more here.

Moving into a new premises requires negotiating and signing a commercial lease. Before you sign on that line though, it’s good to have a legal expert review the document first.

Commercial leases create legally binding obligations between you and the landlord that may last for many years. So, as a tenant, it’s important that you understand exactly what you’re committing to in the long term.

Commercial lease agreements also tend to cover what happens in case of a dispute. It’s essential to have an understanding of this process in case you need to raise an issue later.

If you want to ensure that your Commercial Lease works in your favour and protects your business, it’s wise to get it reviewed by a lawyer – our experts at Sprintlaw can help you.

Our Commercial Lease Review package starts at $1200 + GST. It includes an expert legal review of the commercial lease and Heads of Agreement from the landlord.

You’ll also get phone consultations with a Sprintlaw lawyer who will take your instructions and advise you on the legal issues you need to know.

Please note that this does not include any suggestions for amending the document. If you would like to receive a list of key suggested amendments which you can request from the other side, please see our Lease Review (Amendment Advice) package.