If you’re an Australian retailer looking to lease retail premises in New Zealand, you might be tempted to think that the lease agreement in New Zealand will be similar to what you’re used to in Australia.
Relocating a business can be an exciting opportunity to expand your brand, increase your client base, and take advantage of new business opportunities.
But let’s face it… it can also be a challenging and complex process – especially if you’re negotiating a lease agreement for the new location while you’re still negotiating the lease reinstatement obligations on your existing premises.
After you sign a lease, do you file it in the bottom drawer along with all those other forgotten remains of papers you signed… or do you treat it as a “live” document? If you are in the “file and forget” camp, then the good news is… you have plenty of company.
The decision to purchase a commercial property is a significant milestone for any business – a milestone that comes with a large capital outlay and its fair share of risk.
This is why it is essential that you are well-informed and fully prepared before negotiating any property purchase for your business. After all, once that purchase agreement is signed… you’re on your own.
When it comes to leasing premises for your business, the lease negotiation process can be overwhelming and intimidating.Your lease is likely to be the biggest fixed cost in your business and the second biggest cost behind staff costs.Make a mistake and you can leave plenty of money on the negotiating table.
Looking for premises for your business can be a real challenge, especially if you’re new to the process. There is so much to consider—location, price, size, lease terms—and everything is as important as everything else. It’s easy to make mistakes or overlook crucial details that can affect your business’s success in the long run.
New Zealand is a nation of DIYers with a Number 8 wire mentality. If something goes wrong, Kiwis generally look for a way to fix things themselves rather than pay for expert advice.
Premises Sale and Leaseback
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