Question: What are outgoings in relation to a lease?Answer:
Outgoings in terms of a lease refers to expenses incurred in relation to premises or ‘multi-occupancy’ properties (eg. shopping centres) for the operation, maintenance and repair of that property. These expenses are paid by the landlord, and in some circumstances by the tenant, depending on what has been specified and agreed upon in the lease agreement. Some outgoings cannot be passed to the tenant which include unnecessary expenses, management fees, capital costs and interest on borrowings.