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Small businesses have been under a lot of pressure this year and one topic that has come up a lot with my clients is the area of commercial leasing. In this episode, I discuss the key things to be aware of before entering into a commercial lease. This will be particularly helpful for small business owners who haven’t entered into a commercial lease before.

I discuss the importance of obtaining and reading both the Disclosure Statement and the Lease Agreement, which are the two key documents when entering into a commercial lease. I go through the vital components you need to understand including the terms of the lease, the rent payable, the security options, your obligation to make good and the importance of being clear on your exit strategy.

As always, surrounding yourself with the right advisers to give you proper legal advice will put you in the best position moving forward.  When you do this, you can rest assured you will enter into a lease agreement on terms that are fair, lawful and beneficial to your business.

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