
Retail and commercial leases: rent renewal
Renewing a lease agreement? Discover key factors affecting rent and how to navigate lease negotiations effectively.
Renewing a lease agreement? Discover key factors affecting rent and how to navigate lease negotiations effectively.
You’ve just wrapped up a deal. You sit there staring at a stack of papers—your contract. You wonder, “Did I really need all this? Was this worth the time, money, and hassle?” If you’ve ever asked yourself that question, you’re not alone. Plenty of people see contracts as expensive, unnecessary paperwork. But let’s talk about what you’re actually paying for and why it matters.
In our experience, most people in a genuine negotiation will easily find common ground if they remain engaged in a process of communication and discovery. The phrases ‘industry standard’ (aka ‘I will not rationally justify this position’) and ‘non-negotiable’ (aka ‘that’s the end of the conversation on this issue’), represent the amateur approach.
It’s always nice to make a sale – but the fun soon ends if you don’t end up getting paid. You need to ensure that your ‘terms of trade’ protect your interests, and you also need to ensure these interests are register on the PPSR. Find out how.
It’s not unusual to make a decision to enter into an agreement, based on a statement or promise by the other party about what the future will hold. Then when that promise doesn’t hold or ring true, you could find yourself out of pocket.