Yes I am a real estate agent so you are going to say this question is designed to be self-serving but lets explore this idea for a moment. The fact is that unless your budget is at least $15k then commercial real estate agents will be able to help you but probably with only one [...]
6/7 Can I leave at any time (and stop paying rent)?
Well no but the question isn’t so commercially naive. It’s true that many residential tenancy agreements can be broken by the tenant with notice in writing however commercial leases are usually harder to break, for longer periods of time and substantially more expensive relative to most residential properties. Commercial tenants are often hard to find [...]
5/7 How can I save on rental & provide for growth?
The answer to that is sublease! Quite often I have a party looking at a space which is right for a number of reasons but it too big or too expensive and one solution is to sublease to a third party. It is easiest if you are dealing with a separate partitioned office which you [...]
4/7 What are my exit costs?
That’s right, you can’t always just leave your office space and think that’s the end of your responsibilities! A clear case of read the fine print… Using what is commonly known as a ‘make good’ clause a tenant must render the premises and fixtures and fittings back to the landlord in clean order repairing all [...]
3/7 Know your landlord
Most leases are more or less the same being based on the ADLS form but that does not mean landlord’s behave uniformly. Several times recently I have observed tenants in the market focus completely on the financial aspects of the deal and fail to investigate who their new landlord is. It’s true that some landlords [...]
2/7 Gross Leases means you pay no extra costs right?
It’s time to read abit of the detail in your Deed of Lease and in particular the Outgoings Schedule or Clause 3. Gross leases became popular during the property market crash of the early 1990’s as a way of enticing new tenants particularly for office towers with ground leases (and therefore ground rent) and so [...]
7 Things you need to know before you sign a lease for office space
1/7 Know your leverage Leverage means the exertion of force by means of a lever. So what I mean is what power do you as a potential tenant have in this office space market? Its a soft buyers market, any landlord should bend over backwards, offer a multitude of incentives for the honour and privilege [...]
The 2020 Workplace
Remember Y2K? At the time the founder of Facebook was still at school and Google was moving out of a garage into an office. The world seems so different from just 10 years ago, Google and Facebook were unknowns and we can have no doubt that 2020 will likewise offer many changes, opportunities and challenges. [...]
Bouncing along the trough….
We may be officially out of recession but a recent consumer comfort index probably says it all with a score of -18% suggesting consumers are finding economic conditions tough and that it is not a good time buy larger items. Another ANZ confidence survey targets medium sized businesses who were more positive than negative however [...]
The Great Unwind
We are out of recession at last apparently, GDP has stopped slipping and even the network news have stopped heralding the demise of any factory closure or finance company. I am interested in the idea of discovering what companies thrive in a financial crisis (apart from the insolvency business) and lead that into what works [...]