Make the most of now To steal a line from the well-known Vodofone ad, now is good for having a close look at reviewing commercial leases across New Zealand. There are a number of reasons why now is good. Firstly, I … To steal a line from the well-known telco ad, now is good for having a close look at reviewing commercial leases across New Zealand. There are a number of reasons why now is good. Firstly, I think it’s time we moved on from a wait and see attitude about the markets and international economic conditions. Secondly, there are very few new leases being drawn up at the moment. Many new building projects are on hold, and the majority of Parallel Direction’s work with tenants right now is getting better outcomes on renewals and rent reviews. Continue reading “Make the most of now”
The ins & outs of subleasing Subleasing or assigning space in commercial property is an area of great interest to commercial tenants right now. More and more commercial tenants are finding they would like to… Subleasing or assigning space in commercial property is an area of great interest to commercial tenants right now. More and more commercial tenants are finding they would like to sublease or assign space that has become surplus to their requirements. Continue reading “The ins & outs of subleasing”
The end of the ratchet clause ambush The ratchet clause has long been a dirty word to businesses with commercial tenancies. More than 95 percent of leases have a ratchet clause. Traditionally they never advantage the tenant… The ratchet clause has long been a dirty word to businesses with commercial tenancies. More than 95 percent of leases have a ratchet clause. Traditionally they never advantage the tenant. Continue reading “The end of the ratchet clause ambush”
Getting the real oil Now like never before, businesses need solid information for decision making. There is certainly no lack of information around with Google at our fingertips. But the trick is to… Now like never before, businesses need solid information for decision making. There is certainly no lack of information around with Google at our fingertips. But the trick is to be able to discern the real oil; what’s accurate, and doesn’t have hidden agendas or bias. The other thing is that people need that solid information fast, without spending hours researching. Realising this need was part of my motivation to prepare Parallel Directions’ first e-book special report. The topic is: What You Should Be Aware of Before Relocating Commercial Premises. Continue reading “Getting the real oil”
Size does count When it comes to leasing property, size is starting to really count. It has always been prudent to lease just the right amount of space that you need, and if you were confident of growth, you might, as with a growing child, perhaps take on a size to grow into… When it comes to leasing property, size is starting to really count. It has always been prudent to lease just the right amount of space that you need, and if you were confident of growth, you might, as with a growing child, perhaps take on a size to grow into. Continue reading “Size does count”
Stand up for your rights At the risk of sound a bit like a human rights activist, I thought it important to say a word about ensuring your rights as a commercial tenant are… At the risk of sound a bit like a human rights activist, I thought it important to say a word about ensuring your rights as a commercial tenant are always honoured. In these tough times, we can all get a little bit desperate and think about Continue reading “Stand up for your rights”
A new look for changing times I talk often about the need for flexibility and creativity to adjust to the fast changing and challenging economic conditions. In tougher times, it is crucial for achieving winning solutions. Well, there is nothing like practicing what you preach! … I talk often about the need for flexibility and creativity to adjust to the fast changing and challenging economic conditions. In tougher times, it is crucial for achieving winning solutions. Well, there is nothing like practicing what you preach! Continue reading “A new look for changing times”
The rent must go through When times are tough, a business can put payments on hold for a whole range of services and products. When bills mount up, some can be put off for the short term, and the consequences are not disastrous. But when it comes to non-payment or delays in rental payments for commercial property leases, delays can cause a complete… When times are tough, a business can put payments on hold for a whole range of services and products. When bills mount up, some can be put off for the short term, and the consequences are not disastrous. But when it comes to non-payment or delays in rental payments for commercial property leases, delays can cause a complete breakdown for both parties. Continue reading “The rent must go through”
