A commercial lease is one of the most important, and sometimes scary, documents a new business owner will ever sign. They involve complex terms, financial risk, and obligations you may have never seen before. The first commercial lease my company ever signed was for a total value of $2.5 million dollars over five years. At the time, it scared me to death.
With careful planning, however, a commercial lease can be a tremendous asset to your business, and as always, speaking to a qualified property lawyer is always a good idea.
Here’s a few things to watch out for:
The regulation of commercial real estate issues constitutes one of important objectives of the present-day Australian law. In order to understand the specificities of legal regulation of commercial real estate in Australia, it is essential to review the current trends that inevitably affect and determine the nature of such regulation. According to Property Lawyers as far as Australia is concerned, the key trends influencing upon the development of law in the field of commercial real estate in the country include foreign investment environment, retail property investment environment, substantial commercial real estate deals in Australia, etc.
In relation to the first factor, it needs to be pointed out that foreign investments, specifically from Singapore, China, Hong Kong, Malaysia and Canada, into the property market of Australia, constitutes the strongest determinant of luxury hotel assets, significant office assets and residential developments. Besides, offshore investors view Australian investments as a relatively secure option as compared to other global investment alternatives. Generally speaking, occupancy rates across the Australian market are high and rental income has been stable.
Copyright 2017 - BGS Law : Expert Legal Advice