Posted by Elizabeth Gore-Jones
on 12 March 2024
Most commercial and retail shop leases provide that a tenant is required to refurbish the premises throughout the term of the lease.
It is important that the tenant is aware of the following:
1. When the refurbishment is required to take place. For example, the lease may provide that a tenant is required to do this every 3 years or just before the lease comes to an end; and
2. What refurbishment requires. For example, refurbishmen...
Posted by Elizabeth Gore-Jones
on 11 March 2024
Are you in the retail business and wondering about your lease terms? Here's a tip: Early determination of rent can be a game-changer!
If you have a retail shop lease, don't hesitate to ask your landlord for an early determination of the rent, especially for a market review at the option period. This proactive approach allows you to gauge the landlord's intentions regarding rent charges, helping you make informed decisions about renewing the lease.
While these provisions are not ...
Posted by Elizabeth Gore-Jones
on 8 March 2024
Today, we celebrate the incredible strength, resilience, and achievements of women around the world. As a team of fierce and empowered women, The Franchise & Business Lawyers understands the importance of representation, empowerment and solidarity in the legal profession and beyond.
To all the women out there who are breaking barriers, shattering glass ceilings, and making a difference every single day: You inspire us, you motivate us, and you remind us of the limitless potential within ...