Remember, when you look at leasing a commercial property that the Lessee usually pays the Lessor’s leasing costs, unless it is a Retail Lease.
If it is a Retail Lease both sides generally pay their own costs.
As the Lessee it is important to factor the two sets of legal costs into your budget calculations.
You should ask the Lessor what their likely legal costs will be and get these in writing. You don’t want to unexpectedly end up with a bill of $3,000-$4,0000.
You also need to ask how many rounds of negotiations any quoted legal fees cover as leases often go backwards and forwards and this increases legal costs.
Platinum Property Law
The Conveyancing and Lease experts
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