Make Good works at an office

What is a make good?

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Within a commercial property lease, it will state that you are required to ‘make good’ or ‘yield up’ the property at the end of your tenancy. There is no standard for a make good and each lease can vary. It is crucial that you read the requirements within your lease to determine exactly what your […]

Shop owner with Commercial Lease Agreement

Are you a Retail Tenant in Victoria? Probably.

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Entering into a new commercial lease can be a daunting experience, especially if you’ve never done it before, and understanding what your rights are is crucial. In Victoria, it’s important to work out if you are a Retail Tenant under the Retail Leases Act 2003. Most small businesses are – you don’t have to be […]

Calculating a CPI Rent Review

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The Consumer Price Index, or CPI as it is generally known as, is “a measure of the average change over time in the prices paid by households for a fixed basket of goods and services.”(1) In Australia the CPI is measured every quarter ending 31 March, 30 June, 30 September and 31 December with the […]

How to get out of your commercial lease

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A business owner may want “out” of their commercial lease agreement for a host of reasons. Perhaps the overhead is too high and the business needs to downsize. Or perhaps the business is expanding rapidly and requires a larger premises. Whatever the reason, how easy (or hard) it is to exit your lease early will […]

Outgoings in a Commercial Lease

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Commercial Tenants can often be shocked at the additional expenses incurred over and above the monthly rent and service charges for their leased property. Outgoings are payable by the Tenant, and it’s crucial to get it right in the lease so you’re not paying for charges that aren’t normally recoverable under a standard lease agreement. […]

What is a Heads of Agreement?

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If you have leased a commercial property previously, or you are currently looking for one, you’ve probably heard the Leasing Agent refer to the “Heads of Agreement”. So what is a Heads of Agreement and what should it include? Also known as a Letter of Offer or a Lease Proposal (yes, no wonder you’re confused!) […]

Why use a tenant representative?

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Never used a tenant representative but curious about what we do? As tenant representatives, think of us as your partner in leasing – we’re there to take the stress out of finding the right commercial property then we handle all of the leasing negotiations. From lease term, options, rental amounts, reviews and incentives – we […]