Real Estate Investor Magazine July 2024 Edition | Page 84

84 REI MAGAZINE JULY

ESSENTIAL GUIDE :

6 Core Components of your Commercial Lease Agreement

By Craig Mott
Signing a commercial lease is a significant commitment for any business . Whether you ’ re a startup seeking your first office space or an established company looking to expand , understanding the intricacies of a commercial lease agreement is crucial .
Important things you need to know to make a smart decision that protects your rights and allows your business to thrive before you sign a lease is important . South African commercial leases are less standardised than their residential counterparts , so you will find a fair amount of variation between them .