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Overview

What's Typical

Breaks

Not common market practice

Escalation

Common market practice for rent to be fixed throughout the term. Longer leases may factor in rent escalation with set rent reviews agreed between the Landlord and Tenant

Fit-out

Tenant pays

Free Rent

Not common market practice

Renewals

Negotiable, common market practice for Tenant to serve 3 months prior notice to the Landlord

Rent Basis

Usable area negotiated between Landlord and Tenant

Right to sublet

Allowed with restrictions

Tenant broker

Tenant pays

Term

1 - 5 years

Transparency

Low

Offices