Preparing and Reviewing Commercial Leases: Protecting your rights

(Part 2 of a series)

In our previous update, I discussed the importance of laying strong foundations in a leasing transaction ( click here to review previous article).

Imagine for a moment that these foundations have been laid – you have signed the letter of offer or the heads of agreement ("the HOA") and you or your solicitor is now required to prepare a lease or review a lease submitted by the other party. You would probably ask yourself, where do I begin? What should be in the lease?

It is not possible in the limited space I have here to list every item that should go in a lease. I will however draw to your attention some of the key issues that need to be considered when drafting and reviewing a lease.