Landlord protection - making lease incentives work for you

With a rise in Perth CBD office vacancy rates, landlords have become increasingly willing to grant more attractive incentives to tenants to maintain a competitive presence in the market. But how do landlords make sure their incentives don't become a burden?

While there are many types of incentive, the traditional, and still most common ones are rent-free or rent-reduction periods, and contributions to fit out or plant.

There is a real risk, however, that landlords who offer generous incentives may not be properly protecting their interests. The best way to do this is to ensure that the incentives (or part of them) are recoverable in the event that the lease is breached or terminated before the expiry of the initial term.