Leasing Premises for your Business? Do you Need to Pay the Lessor’s Mortgagee Consent Fees?
There are many costs to leasing a premises, not just rent and outgoings. One of these costs may include a lessor’s mortgagee consent fee. Not only is it important for lessees to be able to identify what this cost is, but it is important that both lessors and lessees be aware it is lawful to make the lessee pay the consent fee....
Terminating a Lease Early – How and when can you exit out of a lease before the end date
A substantial benefit to retail and commercial leases is that they provide a fixed term meaning a lessee is given a set amount of time to occupy the premises. However, either party to a lease may be able to terminate it earlier. It is important to understand when either party may terminate a retail or commercial lease and whether there will be any penalties for terminating....