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;
New lease finalised and settled for $75,000
Inflated rents may significantly inflate the value of any property. Prior to acquiring a property, test the veracity of the leases and rent levels.