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Overview

What's Typical

Breaks

Highly dependent on Landlord. Not common market practice

Escalation

Rent usually fixed for lease term. In some cases, Landlords are now insisting on mid-term lease rent increases

Fees

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

Fit-out

Tenant pays

Free Rent

Not common market practice

Renewals

Automatic renewal unless notice served. Notice periods statutory

Rent basis

No common measurement basis. Net and Gross areas and application of the rent subject to negotiation between Landlord and Tenant.

Right to renew

Allowed with restrictions

Term

1-5 years

Transparency

Low

Offices