This week I’ve been helping a client negotiate a sub-lease of a heritage-listed commercial property.
I am a bit concerned because the landlord is somewhat notorious.
However, my client feels that he is in a reasonably strong position, partly because there is liquor licence involved, which expires today and the transfer needs to be lodged today.
I pointed out a few issues and possible benefits, and my client’s notes and thoughts into some legible e-mails.
The proposal, if signed today, includes a clause stating that nothing is final until the sub-lease is signed and it does not create any legal relationship.
Essentially, it is an expression of interest only, giving my client some time to finally decide whether or not to take on the sub-lease.
For assistance with lease negotiations, Michael Paterson & Associates.