As Brisbane races towards the 2032 Olympic and Paralympic Games, construction in the city is heating up, and a commercial leasing lawyer is more essential than ever.
Surging demand for office space in Brisbane
New research from Colliers suggests the River City will need an extra 11 towers built to cater for the surge in demand for office space. With an expected boom in both migration and population, the Brisbane CBD office market will be changing, and fast.
If your business is looking for a new place to call home, or if you are a landlord for business tenants, you will most definitely need an experienced commercial leasing lawyer to help you.
The importance of protecting your interests
Commercial leases are fundamentally about protecting the landlord’s interest and special conditions, and certain clauses could be damaging to your business.
The lease has a direct impact on the value of your premises, and issues do often arise, particularly at the end of a lease – in fact, some tenants could find themselves without a business premises if they have not been careful will the lease agreement.
A commercial leasing lawyer will check all the special conditions and terms of the lease and ensure it’s a fair deal for everyone.
Key aspects of commercial leasing
Commercial leasing comes with several different aspects, including options to renew the lease, incentives, and conditions. And, if you must enforce your rights under the lease, you need to ensure the lease agreement is clear.
For both landlords and tenants, clearly defined terms and conditions are important and can ensure a positive landlord/tenant relationship, which can prevent disputes from starting in the first place.
Understanding standard vs non-standard terms
An experienced leasing lawyer will be able to easily tell you what is standard in a leasing agreement, and what is not. Your lawyer will review the terms and conditions of the lease to ensure you’re protected.
Disputes over a commercial lease are costly for business owners and landlords. Avoid potential financial disaster by getting legal advice on the lease, disclosure statements, and any other commercial property lease documents from the outset.
How GLG Legal can help
The commercial leasing experts at GLG Legal have their finger on the pulse of development in Brisbane, and we know how to help you secure the best deal for your business premises.
Talk to one of our solicitors today. Make an appointment by calling: (07) 3161 9555 or email: info@glglegal.com.au