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Overview

What's Typical

Breaks

Break options rare

Escalation

Indexed annually

Fit-out

Usually tenant pays

Free rent

Negotiable,average 1 month per year of lease term. At present and in CBD the free rent period tend to match the fit out works’

Renewals

Options usually included in the lease contract

Rent basis

Gross

Right to sublet

Normally allowed with landlord consent

Security

2 months' deposit + 6–12 months' bank guarantee

Tenant broker

Tenant pays

Transparency

High for Madrid and Barcelona

Term

3-5 years typical

Offices

Barcelona +34 93 444 7700

Madrid +34 91 598 1900

Marbella +34 952 070 710

Palma de Mallorca +34 971 456 768

Valencia +34 96 316 2890

Zaragoza +34 976 484 635