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Entering into a commercial lease is such an exciting time for a business owner. With your vision finally coming to fruition and the fit-out to manage, it’s not uncommon for business owners to get caught up in the fun part and not set aside the time to fully understand their legal obligations.

In this episode, I discuss some of the most common things people miss when entering into a commercial lease and how getting caught out can lead to serious financial and legal problems down the track.

I talk about the importance of understanding what you’re signing, including the terms of rent, rent increases and outgoings so that you can factor these into your financial projections. I also talk about understanding your time frames to exercise an option, your make good obligations and why thinking ahead could save you a lot of money and hassle in the future.


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