Are you a commercial property tenant? If you are or are thinking of leasing commercial property, we would like to help you understand what is a commercial lease and how you can benefit from some of the aspects of commercial leasing. Landlords sometimes offer incentives for future tenants and even current tenants. Commercial leases can be modified to incorporate some of those incentives. Here are 3 commercial leasing terms explained and which can benefit you as a tenant:
With tenant improvement allowance a landlord offers help to pay for any refurbishment needed when you lease property. The landlord will offer this allowance to help you improve either the property or space you lease in the property.
As above, tenant inducements are incentives the landlord offers tenants to incite tenants to lease the property or space in the property. Some of the incentives could be free rent for a limited time or help with payment for improvements in the space or property leased.
With leasehold improvements the landlord will allow tenants to improve either the property or space leased. Often tenants need renovations to improve property suitability for their business. If improvements are a part of the property, they cannot be taken away by the tenant when the lease expires.
Are there any incentives you would like to be incorporated into your lease agreement? Please give us a call to discuss any potential benefits you could be offered by your landlord.
DG Law were fantastic throughout our purchase process. We had a short, fixed, timeline to
Venetia Lawson-Cruttenden [solicitor] is fantastic! She is always so thorough and efficient and gives you the
DG Law supported us through a very difficult contractual negotiation to achieve exactly the outcome
We were very pleased with the way that DG Law helped us on our transaction
Thanks for all the help from DG Law in pulling together our somewhat complicated loan.
DG Law resolved a difficult lease renewal for us and their services were excellent –
I needed understanding and experienced legal advice. DG Law provided an excellent service at a
My experience was second to none – the service was professional and personal. DG Law
DG Law always step up to the plate on our transactions and handle the various
DG Law was recommended to me and my partner and I received excellent advice –
Having worked with DG Law a number/couple of times now, I have been really impressed
DG Law were constantly at hand, and kept pro-active throughout the thorny process of getting
DG Law organised and ran a very useful session to help to make our team’s
DG Law came recommended to me and whilst setting up a new business it was
We were recommended three lawyers to handle the sale of our seven year old successful
We live by our core values of transparency, flexibility and being honourable – every day
We put ourselves in your shoes so we understand your problems from the inside out
We deliver our advice in a way that is easy to understand