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Overview

What's Typical

Term

Any length, 3-5 years typical

Breaks

Not common, but negotiable

Renewals

Negotiable

Rent

Net

Free rent

Not typical, but occasionally 1–3 months

Escalation

Indexed via UF (artificial currency)

Security

1–2 months typical depending on size of company

Fit-out

Tenant pays

Tenant broker

Tenant pays

Right to sublet

Usually to related companies sometimes landlord consent is not needed

Transparency

High

Ownership

Condominium ownership common especially in secondary locations. In class A buildings ownership structure is moving towards single ownership since developers try to sell the building leased.

Offices

Santiago +562 2562 2600