You may be moving from existing premises or considering entering
into an office lease for the first time – what are some of
the things that you should be aware of before putting pen to
paper?
Offices leases are essentially commercial leases and it's
important that landlords and tenants alike are on top of their
respective rights and responsibilities. A previous blog discusses
five basic tips when taking out a commercial lease. Keeping
those tips in mind, here are some points to consider regarding an
office lease:
No retail use is permitted
An office lease is classified as a commercial lease and as such,
can't be used for retail purposes. It is important that both
landlords and tenants examine the nature of the business and
determine if the proposed use of the office space would actually
fall under a retail use before entering into an office lease.
