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.