The standard form is the starting point, but it is the customisation of that form that is crucial. Each property and lease should vary based on the specific property's attributes and your commercial needs.
Surprises have a way of popping up when you least expect them, and a lease must be adaptable to things you don’t anticipate, from earthquakes to pandemics. A good landlord-tenant relationship should be enhanced by the lease terms.
Things to consider
- How is rent calculated?
- What are the rent reviews, and how often are they conducted?
- Who pays for what?
- How can you assign the lease, if you are wanting to move on as a tenant?
- What can the premises be used for?