The process for leasing a site can be made a lot smoother for everyone if a number of things are identified earlier rather than later. As we want to give you the very best chance of getting a site as soon and as painlessly as possible it will be of huge assistance if you have thought about some of the following detailed information. 1. Have you budgeted for the outgoings for the property? Including rates, insurance, body corp fees (if applicable), water rates, management fees and so on. 2. Do you need a detailed seismic report? The condition of the building could have an impact on your insurance. 3. Will a deposit be required and if so how much? 4. What lease term will be expected? E.g. 3yrs Vs 1 yr 5. Will you be expected to provide a personal guarantee? If so, we suggest you discuss this with your solicitor. 6. Is the landlord prepared to give a rent holiday for you to allow time to complete a fitout? 7. Does the rent compare well with other sites that are similar with regards the per square metre rate? 8. Is the landlord, prepared to spend any money on the site, for example to assist with the fit out or put carpet down etc. and how will that affect the lease? 9. When was the last review or valuation done on the property with regards to the lease? If your lease has Market rent reviews then this could have an impact on your future rental payment. P L A N N I N G C H E C K L I S T
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