LAW OF THE LAND
With Nick Earl
A business is more than just bricks and mortar but, depending on what your venture is, its location can make or break how much custom you get.
A waterfront restaurant, for instance, might not have the same appeal if it were to move inland.
Which is why it’s extremely important to make sure that when you sign a lease, the terms protect you and any goodwill that is attached to the location.
The duration of a lease is another important consideration. If you are starting a new business, it may be wise to take a short lease term with a number
of rights of renewal rather than a long term upfront.
There are also different ways in which rent can be reviewed, which can have an effect on your business if this was not anticipated at the outset.
The integrity of the building itself is equally important. Under the Building Act, commercial buildings must meet specified earthquake standards. You
need to be aware of whether the building has been assessed and if any work is pending. If necessary, adding clauses to the lease agreement can
protect you in the event that work needs to be carried out, for instance, compensation for relocation or termination of the lease.
When you lease business premises, there’s more to it than just signing on the bottom line. A standardised lease agreement won’t necessarily safeguard
you against different eventualities. With sound legal advice you can add extra clauses to protect your interests – whether you are a tenant or
- Weekend Sun, May 25, 2018
In theory, when you make a will, you get to choose how to distribute your assets after your death. However, in reality, wills ..
LAW OF THE LAND With Nick Earl A business is more than just bricks and mortar but, depending on what your ventu..
LAW OF THE LAND With Nick Earl Thinking of breaking up with your bank? People often loo..
LAW OF THE LAND With Nick Earl Have you thought about who would manage your affairs if you were no longer..
This year, for the first time ever, shops in Tauranga and the Western Bay of Plenty are allowed to open on Easter Sunday. ..
Lyon O'Neale Arnold
Lyon O'Neale Arnold is a Bay of Plenty firm of trusted and experienced lawyers offering exceptional legal advice regarding a wide range of legal services.
© 2017 LYON O'NEALE ARNOLD