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Overview

What's Typical

Breaks

Negotiable

Escalation

Annual index or negotiable

Fit-out

Tenant pays

Free Rent

1–1.5 months per year of lease

Renewals

Negotiable

Rent Basis

Net or gross

Right to sublet

Common with landlord approval

Security

Minimal unless large incentive given

Tenant's broker

Either landlord or tenant pays

Term

6–9 years typical

Transparency

Limited

Offices

Auckland +64 9 355 3333

Christchurch +64 3 374 9889

South Auckland +64 9 573 3333

Wellington +64 4 499 8899