A lease is a contract between two parties under which one party (the tenant) agrees to pay for the right to use another party’s (the landlord) property for a certain time and at a certain rate. Leases can be entered into for a short or long term. They can be complex documents and impose onerous obligations on both the tenant and the landlord. It is important to obtain legal advice about those obligations and ensure that the terms of the lease are appropriate for your business and support your business plans.
Unfortunately, leases can be a source of contention between landlords and tenants. Disputes often arise on a wide range of issues such as: paying rent, who is responsible for repairs to the building, break clauses and so on.
If you have an issue arising in relation to your lease, don’t let it fester. Speak to us and we can advise you of your options.