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Overview

What's Typical

Breaks

Highly dependent on Landlord. Not common market practice.

Escalation

2-7% pa depending on Landlord.

Fees

Subject to negotiation. In some cases the Tenant will pay the Landlord and Tenant agent fees.

Fit-out

Tenant pays

Free Rent

Not common market practice.

Renewals

Negotiable. Common market practice for 3 months prior notice to renew (Tenant -> Landlord).

Rent Basis

No common measurement basis. ‘carpet area’ and ‘net area’ subject to agreement between the Landlord and Tenant.

Right to Sublet

Allowed with restrictions.

Security

3 months rent

Transparency

Low

Term

3 years

Offices