Understanding the financial and tax implications of incentives is important when determining how an incentive should be received. In this article we discuss the pitfalls and benefits of receiving fitout contributions, rent abatements, rent frees and cash payments.

During an economic downturn there needs to be a greater focus on costs. In this article we discuss where to look to find savings, so that Property is doing its part in the strive for efficiency and productivity improvements.

Outgoings are the recovery of money to fund the maintenance and management of a building. Whilst it is the Landlord’s building, the drafting of an outgoing clause should be about what can be claimed and what cannot. In addition, Landlords need to be held to account to ensure the cost recovery is correct per the lease. In this article we look at areas that can be improved to ensure greater transparency and provide improved consultation with tenants on discretionary spending.

Make Good starts with getting the original lease drafting right and so long as both parties are reasonable at the end of the lease, then the Tenant’s departure can be amicable. This article provides some guidance to deliver better outcomes. The industry needs a more mature approach to make goods and potentially an industry guide as to what is reasonable.

The property and legal industries often make heavy work of agreeing on lease documentation and it does feel like we reinvent the wheel with every new lease. This is the second of two articles that look at several key lease components which we can improve upon without removing rights and obligations of either party. 1. Options to Renew, 2. Environmental obligations, 3. Bank Guarantees, 4. Redecoration clauses, and 5. Agreement for Lease

The property and legal industry often make heavy work of agreeing lease documentation and it does feel like we reinvent the wheel with every new lease. This is the first of two articles that looks at several key lease components which we can improve upon without removing rights and obligations of either party. 1. Heads of Terms, 2. Ambiguous lease drafting, 3. Outgoings, 4. Gross Rent or Net Rent, and 5. Alienation.

Managing the relationship between a landlord and tenant can be hard and not something that can be ignored or the parties only engage when they want something. Too often tenants are found guilty of not managing their landlord relationships and too often tenants will tend to take the submissive role in leasing arrangements.