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Overview

What's Typical

Breaks

Break option negotiable

Escalation

Typically indexed annually

Fit-out

Tenant usually pays

Free Rent

Common and negotiable

Renewals

Most 5–10 year leases have 5-year option to renew

Rent Basis

Net

Right to sublet

Only buildings exempt of VAT and subject to landlord approval

Security

Bank guarantee equivalent to 3–6 months' rent, including service charge + VAT

Tenant Broker

Tenant pays

Transparency

Fairly High

Term

Any length. 5 years is standard

Offices

Lisbon +351 21 311 44 00