Challenging retail conditions are leading to a period of reinvention in the leasing space.
Newly vacant spaces are allowing both landlords and tenants to experiment with more service-based stores as well as pop-up concepts.
But despite this, landlords and tenants are still entering into leasing agreements.
This cheat sheet explains a number of key clauses and gives practical tips to help avoid disputes, including:
- Notifying the tenant of any intended works
- Limiting the scope of clawback clauses
- Notifying the tenant that the bank guarantee is irrevocable
- Negotiating a higher bank guarantee
- Introducing guidelines to collect information from a new tenant efficiently