Taking your instructions and drafting the lease documents
We'll catch up to discuss the proposed lease and give you some advice. We'll ask you lots of questions to make sure we understand your expectations like what the tenant will be permitted to do with your space, how long the lease will run for and how the rent will be calculated each year.
We'll run you through any things you need to know about your proposal too, because there's usually special rules that apply to leasing out your retail space. You'll also usually be required to provide the tenant with a fact sheet and a statement setting out the outgoings and other key details, so we can help with this too.
We'll settle the draft lease and once you're happy with it, we'll send it to the tenant (or their lawyer) for checking, negotiating any amendments, and for signing. Sometimes we will also need to work with your bank to obtain its consent to the lease, if you have a mortgage on title.
After the lease is signed
Once the lease is fully signed, we will provide you with the information you need to make sure you comply with your obligations while the lease is ongoing (especially when it comes to reviews of rent and giving the tenant the required notices for further terms). We'd be happy to help you tick these jobs off when the time comes too.