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 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”
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”
Thinking ahead to the new decade The property lease market today is incredibly fluid so the terms and conditions available to tenants are, I would say, little short of sensational… It’s hard to believe but in just eight months we tick over into the second decade of the 21st century, *2010*. What got me thinking about the near future was the varying terms on offer in property leases at the moment. It’s not that long ago that leases for 10 years were the norm. These days we are most often talking about Continue reading “Thinking ahead to the new decade”
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”
Time to give up secrets to make better deals When it comes to financial matters, most of us like to keep the detail close to our chests. It’s often considered foolhardy to… When it comes to financial matters, most of us like to keep the detail close to our chests. It’s often considered foolhardy to Continue reading “Time to give up secrets to make better deals”
