What kinds of expertise can Arro provide in the area of special conditions drafting and negotiation for retail and commercial leases?
When businesses approach special conditions drafting and negotiation for retail and commercial leases, there can be a large number of legal pitfalls to traverse. Arro’s solicitors help ensure your business achieves legal success with lease considerations by providing the following advice and services:
- Drafting and reviewing commercial and retail leases and disclosure statements and heads of agreement.
- Advising clients on general lease terms and conditions including the term of the lease and options to renew, rent and the basis of rental reviews, the dates of exercise of any option(s) for further lease terms and associated rent increases, outgoing or shared operating expenses, obligations to repair/maintain, permitted use and assignment.
- Drafting and negotiating special conditions to record requirements and obligations not otherwise included in the general conditions.
Who would usually need special conditions drafted or negotiated?
- Property owners.
- Business owners.
How can special conditions drafting and negotiation benefit businesses operating in the digital space?
In negotiating, drafting and finalising the lease arrangements it is often a useful special condition to include warranties or guarantees around things like internet speed, limits around downloads or any other conditions where such digital services are rented as part of a rental package.