What should tenants and landlords consider when entering or exiting a business lease in Australia? In Part 1, Andrew Henshaw and Joel Garrett break down the fundamentals: how long to lease for, how options work, and what to expect at the end of a lease term.

Key Takeaways:

• Pros and cons of short vs long initial lease terms

• How lease options work and why they matter

• Landlord vs tenant priorities

• What happens at lease expiry if no action is taken

• Make-good clauses and their hidden costs

Whether you are a landlord or a tenant, this episode is a great way to familiarise yourself with the basics of commercial leases.

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