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Commercial Leases (Part 1): Lease Terms, Options & Expiry
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What should tenants and landlords consider when entering or exiting a business lease in Australia? In Part 1, Andrew Henshaw and Joel Garrett break down the fundamentals: how long to lease for, how options work, and what to expect at the end of a lease term.
Key Takeaways:
Pros and cons of short vs long initial lease terms
How lease options work and why they matter
Landlord vs tenant priorities
What happens at lease expiry if no action is taken
Make-good clauses and their hidden costs
Whether you are a landlord or a tenant, this episode is a great way to familiarise yourself with the basics of commercial leases.
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