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Overview

What's Typical

Breaks

Often after 3rd year for both parties

Escalation

Rent indexed to Russian CPI or fixed percent increase

Fit-out

Landlord allowance sometimes

Free rent

0–3 months

Renewals

Typically with 3–9 months notice at market conditions; preferential renewal rights to existing tenants.

Rent basis

Net; gross in St. Petersburg; often quoted in RUB

Restoration

Not usually required

Right to sublet

Common

Security

0–3 months' rent typical

Tenant broker

Paid by either the landlord or the tenant, or both

Transparency

Terms of completed deals available for Moscow

Term

Negotiable

Offices

Moscow +7 495 258 3990

St. Petersburg +7 812 346 5900