What to expect in a lease/offer to lease

Here are some of the basics that will form an offer to lease or a lease itself:

• Building Name
• Address
• Area(s) (sqm)

• Rental: $/sqm per annum or $ per annum
• Rental annual reviews
• Rental review at the end of the term
• Lease commencement & expiry
• Lease term
• Options for further terms
• Option window: (usually 3mths from lease expiry)
• Guarantors (Personal/Directors)
• Deposit/Rent in advance
• Security bond
• Incentive
• Outgoings
• Car parking
• Lessor’s works
• Lessee’s works
• Make good (reinstating the premises to how it was when you moved in)
• Air-conditioning (usually minor repair, maintenance are the tenants responsibility and major repair or replacement is the owner’s responsibility).