8 Commercial Lease Negotiation Tips
- Keep the Ticking Clock in Mind.
- Think Seriously About Going Long Term.
- Prioritize Your Wish List.
- Arm Yourself With Knowledge.
- Negotiate Your Way to Greater Flexibility.
- Study Tenant Improvements Before You Head to the Table.
- Double Check the Details.
- Enlist the Help of a Tenant Rep Broker.
Are there any problems leasing a commercial property?
I have encountered a frightening number of tenants who entered into a lease for a commercial premises without using a solicitor. A host of problems can then arise in relation to rent reviews, sub-letting, assigning the lease to someone else, etc. which the tenant may not have received any professional advice about when taking on the lease.
What do you need to know about leasing premises?
Your solicitor needs to see proof that there is planning permission for the proposed use of the premises. He/she should also carry out a planning search. c) Is the premises mortgaged? Your solicitor will need to check whether there is a mortgage on the premises.
How are commercial leases different from residential leases?
Unlike residential leases, most commercial tenants are responsible for the repair of their property and all the plant and machinery within it, with the repairing obligation potentially requiring the tenant to put the property into a better condition than it was at the start of the lease. However, this can depend on a couple of things:
How to lease a commercial shop in Ireland?
If you are thinking about leasing a commercial shop unit in Ireland there are a number of key areas you need to consider before going ahead. Set out below is a non-exhaustive list of issues that you will need to be satisfied about before investing your cash in a full repairing and insuring lease (FRI lease).
