Lease analysis

Many retailers reckon they’ve locked in their biggest costs by shaking hands on the rental and tenant installation (TI) specifications.

However, the rest of the lease is loaded with costs. There easily are 18 or 19 significant non-rent costs in a typical lease, and it’s contrary to the interests of landlord brokers to identify these costs – or do anything else that might jeopardize a deal.

As a tenant/occupier you need to get specialist advice - a tenant rep or an experienced lawyer in the property field - to haggle for terms & conditions that protect you, or build your own "cheat sheet" of favourite terms & conditions for inclusion.