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Overview

What's Typical

Term

3 years typical

Break

Negotiable

Renewal

Negotiable

Rent basis

Net. Landlord pays property tax.

Free rent

3 months for fit-out

Escalation

Rent review, often every 6 months

Security

3 months typical

Fit-out

Tenant normally pays

Tenant broker

Either landlord or tenant pays

Right to sublet

Rarely allowed

Transparency

Limited

Ownership

Owner occupation is common

Offices

Caracas +58 212 285 2831

Puerto La Cruz +58 281 287 2121