A Commercial or Retail Lease refers to a contract signed between two parties namely the landlord and tenant for the renting of a Commercial Property. When dealing with commercial leases, it is important to get the expert legal advice of a commercial leasing lawyer to fully understand the terms and conditions to avoid any discrepancies that might occur as a result of breach or misunderstanding of the contract.
At Castrikum Adams Legal, our team are experienced, efficient and provide advice to landlords and tenants about commercial, industrial and retail leases.
A lease is an important business asset, so it is important to get sound legal advice. We understand the terms and conditions which work to minimise discrepancies that might occur as a result of breach or misunderstanding of the lease.
A retail lease relates to a premises that falls under the Retail Leases Act. Everything else will fall under a commercial lease. It is important to know whether your lease is defined as a retail lease or a commercial lease because the Retail Leases Act provides strong protection to both tenants and landlords, but commercial leases require stronger attention and negotiation. Also, a landlord pays for the costs of preparing a retail lease, but it is the tenants cost for a commercial lease.
We have acted for both landlords and tenants in commercial leasing and retail leasing to ensure compliance with the Retail Leases Act, Conveyancing Act, and the Real Property Act. Our years of experience in the field have made us familiar with the commercial matters to be addressed in commercial, industrial and retail leases. Whether you are a landlord or a tenant, we can help you with:
- Drafting of commercial, industrial and retail leases.
- Reviewing of commercial, industrial and retail leases.
- Lease related dispute resolution.
- Guidance on the terms of the lease including rent, duration of lease, renewal and exit options.
- Negotiating the terms of the lease wherever necessary.
- Breach of Lease.
- Representation in Tribunals and Courts.