A commercial lease is a legally binding contract that gives a tenant certain rights over a property for a set period of time subject to the terms and conditions set out in the lease. A commercial lease is used when leasing property used primarily for a business. You...
Understanding what a covenant is and how it affects your property forms an important part of the due diligence process for a conveyancing transaction. Covenants can also impact the way you wish to use or develop an existing property. Generally, there are two types of...
An option clause is a term in a commercial lease that allows a tenant to renew their lease at the end of the original lease period, if they meet certain conditions. Landlords are not obliged to offer a renewal option. However, it is usually in the interests of both...
