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OPTIONS – DON’T GET CAUGHT OUT

  • yyong59
  • Jul 13, 2022
  • 1 min read


When tied to a lease ensure that you understand:

• The options;

• Rental increases;

• When you have to exercise your option; and

• Do you want to keep trading from this premises.


If you don’t exercise your option, you may lose the right to secure the premises in which you operate from. This could leave you exposed to losing the right to occupy the premises or be forced to negotiate with the Lessor all over again risking a higher rental.

 
 
 

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Disclaimer: The information in this article is for general guidance only and does not constitute legal advice. You should seek independent legal advice tailored to your specific circumstances

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