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Understanding Permitted Use in Commercial Leases
In commercial leasing, the permitted use clause plays a crucial role in defining what activities can take place on the leased property. This clause sets clear boundaries for tenants during the lease term, but what if you want to change the Permitted Use?
CPI vs Fixed Percentage vs Market Rent Review: Which Rent Review Method is Right for You?
When negotiating a commercial lease, one of the most crucial factors to consider is how rent will be adjusted over time, typically determined by one of three methods: CPI increases, Fixed Percentage increases or Market Rent Reviews.
What is Body Corporate Management and Why is it Important?
In the ever-evolving strata industry, it's essential to grasp the importance of body corporate management. This involves the thorough administration of strata properties, ensuring the property is maintained to a high standard, financial stability and legal compliance.
Agreement to Lease vs Lease: Understanding the Differences
When it comes to commercial leasing, understanding the difference between an Agreement to Lease and a Lease is crucial. While they may seem similar at first glance, these legal documents serve distinct purposes in the leasing process.