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May 7, 2010
Category: Lease Negotiation
There are some very important considerations when you approach the termination date of the lease.
Negotiate for a new Lease: you should start talking to your landlord at lease 6 months before the expiry date. If negotiations break down...

May 3, 2010
Category: Costs & Charges

Under the Retail Leases Act the landlord (lessor) is responsible to pay the cost for the preparation of the Lease. If a tenant engages a legal advisor to go over the Lease, then the tenant (lessee) is responsible for his own advisor.

 

Design of fit out

Too often, tenants will design their own fit out without considering the useable space within the shop, customer traffic flow, ease of access to shelving by customers and staff, points of sale, lighting and appearance overall of the shop from outside.

Tenants tend to concentrate more on finishes (like they would do if they were renovating their home), rather than how the fit out will work to maximize returns.

Sensible no nonsense advice from Retail Lease Solutions can add thousands to your bottom line and save you thousands of dollars.

Comparative quotes from reliable tradespeople is imperative. Prices can vary widely so it is important to separate who can perform, on time, within budget and within the scope of works.

Retailers are usually not equipped to handle the pressures of opening a new business while also organising a fit out of the store. Often there is an Owners Manual which must be adhered to when fitting out. In this case, the owner insists on certain practices and procedures before during and after the fit out which the tenant must follow to the letter. Failure to do so may cost you a lot of money in having to remove, rebuild or modify fit out which is non compliant.

Once a fit out is completed the tenant is stuck with it for years, so it pays to get the best result possible for the best value for money. Altering parts of the fit out after the store has opened is very costly and inconvenient. Make sure it is done properly the first time.