Which Clauses Should I Have in My 2025 Retail Lease?
Flexibility in retail matters more than ever. Double-check that there’s a fair break clause if things don’t go to plan or your business model changes down the line. You should also check on how often your rent will be reviewed and what methods will be used for the increase, which might include CPI, fixed %, or market rate. A lease with predictable rent increases you know about can make budgeting much easier.
Many landlords offer a rent-free period while you fit out your store. We strongly suggest you make sure this is clearly stated in your lease and negotiate to get enough time to do the job properly. Then, if all goes well, you’ll want to stay put. Before signing, confirm how many renewal options are included, and make sure you understand the process and deadlines for exercising them.
Lastly, your business type must match the permitted use clause. Otherwise, you risk breaching your lease. Check that the wording allows for any potential business pivots or service add-ons you might be planning in the future.