When selecting new leased premises, tenants must be careful of two critical issues in the ‘Offer to Lease’ (OTL). The commercial rental market is now “tenant-favoured” in many areas of Perth. Many tenants think they have done a great job by beating the landlord down on rent and negotiating a large fit-out contribution or a long rent-free period. Feeling satisfied with themselves, they then happily sign the OTL – without legal advice. Murder can be an expensive mistake. A standard-form OTL will commit the tenant to at least two key things, often exposing them to considerable, unexpected costs:  The tenant becomes … Continue reading Leasing new premises? DON’T sign that Offer to Lease