What we do - Lease Renewal
Lease Renewal
What we do
Your lease will expire!
You will then undertake the single most important transaction in the life of your retail business.
Take a moment to consider the fact there is no legal obligation on your landlord to renew your lease and without a lease a retail business is worthless.
Besides rent there are many other factors that will determine the cost of premises and hence success of your business, these include:
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The rent review clauses.
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Turnover rent rate and mechanism.
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Outgoings cost - will the lease be net, semi-gross or gross. It may be different to your old lease.
Do not try it on your own!
You will also have to read and understand the necessary documentation including:
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Tenant Guide
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Offer to Lease
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Disclosure Statement
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Form 2 - Notice Of Election That Rent Be Determined By Reference To Turnover
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Application to The Commercial Registrar for Termination Clauses
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Lease Documents
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Plans
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Retail Fit Out Guide
Even if you decide to vacate it will cost money to remove the fit out.
What can Retail Pace do for you?
Save you a lot of money, time and stress.
We will plan and prepare recommendations for you on appropriate terms for renewal, represent you in negotiations with the Landlord and clearly explain and vet the documentation from a commercial point of view.
Why will it save you time and money?
The skills you need to run a successful retail business are not the skills you need to successfully negotiate your shop lease.
But negotiating your shop leases is all Retail Pace do, all day, every day. It is not surprising our clients achieve much better results when renewing their lease than a Retailer trying it alone.
Cost?
Remember every dollar saved on rent is multiplied by at least five times over the term of the average lease.
Depending on your circumstances we can agree a fixed fee, or simply consult on an hourly rate.
Copyright Retail Pace Pty Ltd 2009