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Overview

What's Typical

Breaks

Highly dependent on Landlord. Not common market practice

Esculation

Fixed for initial 2-3 years then 5 - 15% pa increase depending on Landlord

Fit-out

Tenant pays

Free rent

2 months (for a 3 year lease)

Renewals

Negotiable. Common practice for 6 months prior notice to renew

Rent basis

No common measurement basis. Either GIA or NIA apply depending on the property and the Landlord

Security

3 months rent

Term

3 years

Transaparency

Low

Offices