Lease conditions / Lease terms: End of 6.0 year lease “stitched up” just before major shopping centre extension; Gross rent offered: Increased from circa $160,000 pa to $210,000 by lease end (circa 30.0% of turnover); Ran software modelling: used industry…
Lease conditions / lease terms: New 5.0 year lease; Gross rent offered: Small increase to circa $92,500 pa; Ran software modelling: used industry benchmarks; similar premises supported gross rents of $70,000; Outcome: New lease finalised and settled for $75,000 Comments:…
Parties: Family owned business and landlord; long-term relationship will be 20 or so years by lease end Lease conditions / lease terms: Retrospective mid-term review for 10 year lease back-dated to 2014; Gross rent: As at 2017 was $125,000 pa;…
Lease conditions / lease terms: 10 year lease; mid-term market review; new Landlord’s valuer failed to stress-test metrics for property acquisition; Gross rent being paid: $472,000 pa; Landlord’s agents sought to justify similar rent by presenting “untested” rental evidence aka…
Parties: Family owned business major landlord; new lease; Tenant got “stitched up” with wholesale sales brought into percentage rent. Perhaps some misrepresentation going into lease. Lease conditions / lease terms: New 5 year lease; 18 months into lease; Gross rent…
Premises: Retail Convenience Store / Supermarket Parties: Family owned business and landlord; very long-term relationship say 30 years Lease conditions / lease terms: new 5 + 5 year lease offered; Gross rent offered: $125,000 pa up from circa $105,000 Ran…