7A - The Fundamentals of Fit-Outs and Leases

The first episode lays the groundwork for understanding fit-outs in commercial leases, focusing on the importance of taking time to plan out any intended works and negotiating terms that benefit both tenants and landlords. It delves into premises due diligence, planning restrictions, approval processes for fit-out works, rental abatements, fit-out contributions, make good requirements and the critical role of clear and well-drafted agreements to set yourself up for a smooth tenancy and good landlord-tenant relationship. By highlighting the financial and legal implications of these considerations in leases, this episode sets the stage for more in-depth discussions on the topic.