20th November 2016 - Typical Lease Terms in Today's Market

Residential -

Lease Period : 2 years

Lock In Period : 6 months

Security Deposit : 3 months rent equivalent

Escalation : Nil or 10% after 1 year

Termination Notice Period : 2 months notice

Rent payable in advance every month

 

Office (small spaces) -

Lease Period : 2 years

Lock In Period : 1 year

Security Deposit : 3 months rent equivalent

Escalation : 10% after 1 year

Termination Notice Period : 2 months notice

Rent payable in advance every month

 

Office (large spaces) -

Lease Period : 3+3+3 years

Lock In Period : 3 years

Security Deposit : 3 - 6 months rent equivalent

Escalation : 10 - 15 % every 3 years

Termination Notice Period : 3 months notice

Rent payable in advance every month

 

 

 

 

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