Renting Commercial Space: What to Check Before You Fit Out
A shop or office lease is a business decision. Read the terms carefully before paying for interiors and signage.
The lease
- Length of the term, and whether you can renew on stated terms
- Rent increase written as a number or percentage, not left open
- Who owns the fit-out when you leave, and whether you must restore the space
The approvals
- Whether the space is approved for your type of business
- Trade licence, signboard and fire safety requirements
The building
- Power load available, generator backup and lift capacity
- Parking for customers and staff, and loading access for goods
- Footfall and visibility from the road, at different times of day
Negotiate a rent-free fit-out period. Most owners expect the request.
Rules, fees and processes change. Confirm current requirements with the relevant office or a lawyer before you act.
