Retailers who perform well during an initial lease term are generally penalised with a high rent level sought for renewing a lease. Our representatives are equipped to negotiate optimum outcomes, using comparative data and industry benchmarking for occupancy costs, coupled with the client’s specific performance on a site by site basis.
Each agreement is negotiated on the basis that a store must maintain a profitable performance throughout the new lease term. Key items include ensuring viable rent levels, addressing any refurbishment requirements, ensuring there are no ‘hidden costs’ from the landlord such as consultant’s fees, and amending lease clauses to ensure that the agreement is not putting you at a disadvantage long term. We will also provide you with a summary of key terms and conditions to assist you in understanding the documentation before you sign.