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Overview

What's Typical

Breaks

Negotiable. Sometimes with penalty.

Escalation

Indexed. Normally to Israeli CPI. Occasionally indexed to US CPI.

Fit-out

Landlord pays, and tenant repays over 7–10 years

Free rent

Normally for fit-out period, usually 3–4 months.

Renewals

Typically 5 years on 5-year lease.

Rent basis

Net.

Right to sublet

Common.

Security

6 months including service charge as bank guarantee.

Tenant broker

Tenant pays 8.3%-10% of annual rent.

Transparency

Almost none.

Term

Negotiable. Most leases 5+5 years. 25 years is the maximum.

Offices

Tel Aviv +972 3 561 6161