Before you sign on the dotted line
Leases are a critical consideration in any commercial property investment - and yet many people overlook the scope within them, as well as their finer details.
Tuesday, November 22nd 2016, 12:00AM
by The Landlord
To that end, this month’s NZ Property Investor magazine details the 10 key things investors need to know when it comes to commercial leases.
It’s surprising how often the standard commercial Deed of Lease template, published by the Auckland District Law Society, is used as the binding document between the a commercial landlord and tenant.
And this is often without a thought from either party as to whether this particular template will provide for the unique conditions of the building and the business owner.
An effective Deed of Lease will provide parameters to enable any dispute to be resolved, should anything unfortunate arise.
But landlords often underestimate the full implications of the standard commercial lease or are entirely unaware of how beneficial it can be to customise it.
This is despite the fact that a wide range of changes to a lease agreement are possible.
Alternatively, if you are looking at purchasing a property with a commercial lease agreement already in place with a current tenant, it’s important to understand what you are signing up to.
In this article, we provide our top 10 tips outlining what you need to understand before you sign on the dotted line of a lease agreement.
To find out our top 10 tips and to read all about them, click here to get the digital issue of NZ Property Investor magazine.
Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.
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